UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 8,340 Shares of Thryv Holdings, Inc. (NASDAQ:THRY)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Thryv Holdings, Inc. (NASDAQ:THRY) by 13.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 69,409 shares of the company’s stock after purchasing an additional 8,340 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.17% of Thryv worth $1,027,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Summit Investment Advisors Inc. lifted its position in Thryv by 27.7% during the fourth quarter. Summit Investment Advisors Inc. now owns 3,906 shares of the company’s stock valued at $58,000 after purchasing an additional 848 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Thryv in the 4th quarter worth about $92,000. Oregon Public Employees Retirement Fund lifted its holdings in shares of Thryv by 18.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 9,509 shares of the company’s stock worth $141,000 after acquiring an additional 1,500 shares during the last quarter. ProShare Advisors LLC bought a new stake in shares of Thryv in the 4th quarter worth about $167,000. Finally, Amalgamated Bank lifted its holdings in shares of Thryv by 17.6% in the 4th quarter. Amalgamated Bank now owns 11,446 shares of the company’s stock worth $169,000 after acquiring an additional 1,715 shares during the last quarter. Institutional investors own 96.38% of the company’s stock.

Thryv Trading Up 1.0%

THRY stock opened at $13.74 on Tuesday. The company has a market capitalization of $600.96 million, a PE ratio of -1.42 and a beta of 0.98. Thryv Holdings, Inc. has a 12 month low of $10.03 and a 12 month high of $20.92. The firm’s 50-day moving average is $12.89 and its 200 day moving average is $15.01. The company has a debt-to-equity ratio of 2.70, a current ratio of 1.04 and a quick ratio of 1.04.

Thryv (NASDAQ:THRY) last posted its quarterly earnings results on Thursday, May 1st. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of $0.24 by ($0.46). The company had revenue of $181.37 million during the quarter, compared to analysts’ expectations of $173.83 million. Thryv had a negative return on equity of 42.95% and a negative net margin of 38.87%. The company’s quarterly revenue was down 22.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.22 EPS. On average, research analysts anticipate that Thryv Holdings, Inc. will post -2.24 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on THRY shares. B. Riley lowered their target price on shares of Thryv from $30.00 to $26.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. Needham & Company LLC lowered their target price on shares of Thryv from $28.00 to $20.00 and set a “buy” rating for the company in a report on Thursday, May 1st. Finally, Royal Bank of Canada lowered their target price on shares of Thryv from $17.00 to $16.00 and set a “sector perform” rating for the company in a report on Friday, May 2nd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.40.

Insider Buying and Selling

In other Thryv news, CEO Joe Walsh bought 5,000 shares of the business’s stock in a transaction on Wednesday, May 7th. The shares were acquired at an average price of $13.40 per share, with a total value of $67,000.00. Following the transaction, the chief executive officer now owns 586,043 shares of the company’s stock, valued at approximately $7,852,976.20. This trade represents a 0.86% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 9.88% of the stock is currently owned by insiders.

Thryv Company Profile

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.