Maryland State Retirement & Pension System Cuts Stake in Thryv Holdings, Inc. $THRY

Maryland State Retirement & Pension System reduced its holdings in Thryv Holdings, Inc. (NASDAQ:THRY) by 10.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,106 shares of the company’s stock after selling 1,475 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Thryv were worth $155,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in THRY. Summit Investment Advisors Inc. lifted its position in shares of Thryv by 27.7% during the 4th quarter. Summit Investment Advisors Inc. now owns 3,906 shares of the company’s stock valued at $58,000 after acquiring an additional 848 shares during the period. Clarus Group Inc. acquired a new position in Thryv during the first quarter worth $134,000. Arizona State Retirement System purchased a new stake in Thryv during the first quarter worth $146,000. ProShare Advisors LLC acquired a new stake in Thryv in the fourth quarter valued at $167,000. Finally, Comerica Bank increased its position in shares of Thryv by 18.5% in the fourth quarter. Comerica Bank now owns 13,711 shares of the company’s stock valued at $203,000 after buying an additional 2,143 shares in the last quarter. 96.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on THRY shares. Wall Street Zen upgraded Thryv from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Royal Bank Of Canada cut 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. B. Riley reduced their price objective on shares of Thryv from $30.00 to $26.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. Finally, 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 research note on Thursday, May 1st. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $21.40.

Thryv Stock Down 2.1%

THRY opened at $13.22 on Wednesday. Thryv Holdings, Inc. has a 1 year low of $10.02 and a 1 year high of $20.92. The firm has a 50 day moving average price of $12.67 and a 200 day moving average price of $14.01. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.20 and a current ratio of 1.20. The company has a market cap of $580.83 million, a PE ratio of -5.58 and a beta of 0.94.

Thryv (NASDAQ:THRY) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.09). Thryv had a negative return on equity of 47.96% and a negative net margin of 11.06%.The business had revenue of $210.47 million for the quarter, compared to analysts’ expectations of $203.87 million. During the same quarter in the prior year, the firm earned $0.15 earnings per share. Thryv’s quarterly revenue was down 6.1% compared to the same quarter last year. Thryv has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts expect that Thryv Holdings, Inc. will post -2.24 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Joe Walsh purchased 8,000 shares of the firm’s stock in a transaction on Friday, August 1st. The stock was purchased at an average price of $12.90 per share, for a total transaction of $103,200.00. Following the acquisition, the chief executive officer directly owned 592,232 shares in the company, valued at $7,639,792.80. The trade was a 1.37% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 9.88% of the company’s stock.

Thryv 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.