Geode Capital Management LLC Buys 137,087 Shares of Thryv Holdings, Inc. (NASDAQ:THRY)

Geode Capital Management LLC grew its position in shares of Thryv Holdings, Inc. (NASDAQ:THRY) by 17.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 904,224 shares of the company’s stock after purchasing an additional 137,087 shares during the quarter. Geode Capital Management LLC owned about 2.15% of Thryv worth $13,386,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of THRY. Vanguard Group Inc. boosted its position in Thryv by 22.5% during the fourth quarter. Vanguard Group Inc. now owns 2,983,416 shares of the company’s stock valued at $44,155,000 after acquiring an additional 548,864 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Thryv by 31.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,107,417 shares of the company’s stock valued at $16,135,000 after purchasing an additional 262,111 shares in the last quarter. LB Partners LLC acquired a new stake in Thryv during the fourth quarter worth approximately $2,956,000. Peregrine Capital Management LLC increased its holdings in Thryv by 91.0% in the fourth quarter. Peregrine Capital Management LLC now owns 396,038 shares of the company’s stock worth $5,861,000 after purchasing an additional 188,718 shares in the last quarter. Finally, Brooktree Capital Management boosted its holdings in shares of Thryv by 24.7% during the 4th quarter. Brooktree Capital Management now owns 508,307 shares of the company’s stock worth $7,523,000 after buying an additional 100,577 shares in the last quarter. Institutional investors and hedge funds own 96.38% of the company’s stock.

Thryv Stock Performance

NASDAQ THRY opened at $11.77 on Tuesday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 2.70. The company has a fifty day simple moving average of $14.91 and a 200 day simple moving average of $15.57. Thryv Holdings, Inc. has a 12-month low of $10.03 and a 12-month high of $26.42. The company has a market cap of $510.48 million, a P/E ratio of -1.22 and a beta of 1.03.

Thryv (NASDAQ:THRY) last posted its earnings results on Thursday, February 27th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of ($0.07) by $0.26. Thryv had a negative net margin of 38.87% and a negative return on equity of 42.95%. The company had revenue of $186.60 million during the quarter, compared to the consensus estimate of $183.02 million. Sell-side analysts predict that Thryv Holdings, Inc. will post -2.24 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on THRY shares. Needham & Company LLC reiterated a “buy” rating and issued a $28.00 price objective on shares of Thryv in a research note on Thursday, April 10th. Royal Bank of Canada began coverage on shares of Thryv in a report on Thursday, March 27th. They set a “sector perform” rating and a $17.00 price objective on the stock.

About Thryv

Thryv Holdings, Inc provides digital marketing solutions and cloud-based tools to the small-to-medium sized businesses in the United States. It operates through four segments: Thryv U.S. Marketing Services, Thryv U.S. SaaS, Thryv International Marketing Services, and Thryv International SaaS. The company provides print yellow pages, internet yellow pages, and search engine marketing; and other digital media solutions, such as online display and social advertising, online presence and video, and search engine optimization tools.