Thryv Holdings, Inc. (NASDAQ:THRY) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. raised its stake in Thryv Holdings, Inc. (NASDAQ:THRY) by 2.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 201,186 shares of the company’s stock after acquiring an additional 4,664 shares during the period. Principal Financial Group Inc. owned 0.46% of Thryv worth $2,577,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Paulson & CO. Inc. boosted its stake in shares of Thryv by 114.0% during the fourth quarter. Paulson & CO. Inc. now owns 4,280,000 shares of the company’s stock worth $63,344,000 after buying an additional 2,280,000 shares during the period. J. Goldman & Co LP acquired a new stake in shares of Thryv during the fourth quarter worth about $13,654,000. Vanguard Group Inc. boosted its stake in shares of Thryv by 22.5% during the fourth quarter. Vanguard Group Inc. now owns 2,983,416 shares of the company’s stock worth $44,155,000 after buying an additional 548,864 shares during the period. Ghisallo Capital Management LLC acquired a new stake in shares of Thryv during the fourth quarter worth about $7,400,000. Finally, Whetstone Capital Advisors LLC lifted its position in Thryv by 131.6% in the fourth quarter. Whetstone Capital Advisors LLC now owns 650,674 shares of the company’s stock valued at $9,630,000 after purchasing an additional 369,763 shares during the period. Institutional investors and hedge funds own 96.38% of the company’s stock.

Thryv Price Performance

THRY stock opened at $11.79 on Friday. The firm has a 50 day moving average of $13.08 and a 200-day moving average of $14.45. Thryv Holdings, Inc. has a 12-month low of $10.03 and a 12-month high of $20.92. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.41. The company has a market cap of $515.69 million, a price-to-earnings ratio of -4.66 and a beta of 0.94.

Thryv (NASDAQ:THRY) last posted its quarterly earnings results on Thursday, May 1st. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.46). Thryv had a negative net margin of 11.94% and a negative return on equity of 51.25%. The company had revenue of $181.37 million for the quarter, compared to analyst estimates of $173.83 million. During the same quarter in the previous year, the business posted $0.22 earnings per share. Thryv’s revenue was down 22.3% on a year-over-year basis. As a group, equities analysts expect that Thryv Holdings, Inc. will post -2.24 EPS for the current fiscal year.

Insider Buying and Selling at Thryv

In other Thryv news, CEO Joe Walsh acquired 5,000 shares of the company’s stock in a transaction dated Wednesday, May 7th. The stock was acquired at an average cost of $13.40 per share, with a total value of $67,000.00. Following the purchase, the chief executive officer directly owned 586,043 shares in the company, valued at approximately $7,852,976.20. This trade represents a 0.86% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 9.88% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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

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.