Charles Schwab Investment Management Inc. Increases Stock Holdings in Thryv Holdings, Inc. $THRY

Charles Schwab Investment Management Inc. increased its holdings in shares of Thryv Holdings, Inc. (NASDAQ:THRY) by 2.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 594,512 shares of the company’s stock after buying an additional 13,824 shares during the period. Charles Schwab Investment Management Inc. owned about 1.36% of Thryv worth $7,616,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in THRY. Paulson & CO. Inc. lifted its holdings in Thryv by 114.0% in the 4th quarter. Paulson & CO. Inc. now owns 4,280,000 shares of the company’s stock valued at $63,344,000 after purchasing an additional 2,280,000 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new position in Thryv in the 1st quarter valued at $30,209,000. J. Goldman & Co LP purchased a new position in Thryv in the 4th quarter valued at $13,654,000. Brooktree Capital Management lifted its holdings in Thryv by 37.7% in the 1st quarter. Brooktree Capital Management now owns 700,035 shares of the company’s stock valued at $8,967,000 after purchasing an additional 191,728 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Thryv by 2.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 440,846 shares of the company’s stock valued at $6,526,000 after purchasing an additional 11,744 shares in the last quarter. Hedge funds and other institutional investors own 96.38% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on THRY. Wall Street Zen upgraded Thryv from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Royal Bank Of Canada cut their target price on Thryv from $17.00 to $16.00 and set a “sector perform” rating for the company in a research note on Friday, May 2nd. Finally, Needham & Company LLC dropped their price objective 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. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Thryv has a consensus rating of “Moderate Buy” and an average price target of $21.40.

Thryv Stock Down 2.9%

Shares of NASDAQ:THRY opened at $13.10 on Wednesday. The business has a 50-day moving average price of $12.70 and a 200 day moving average price of $13.83. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.24. The company has a market capitalization of $575.61 million, a price-to-earnings ratio of -5.53 and a beta of 0.94. Thryv Holdings, Inc. has a 12-month low of $10.02 and a 12-month high of $20.92.

Thryv (NASDAQ:THRY) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.09). The business had revenue of $210.47 million for the quarter, compared to analyst estimates of $203.87 million. Thryv had a negative return on equity of 47.96% and a negative net margin of 11.06%.The firm’s revenue for the quarter was down 6.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.15 earnings per share. 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 EPS for the current year.

Insider Activity

In other Thryv news, CEO Joe Walsh acquired 8,000 shares of the business’s stock in a transaction that occurred on Friday, August 1st. The stock was purchased at an average cost of $12.90 per share, with a total value of $103,200.00. Following the transaction, the chief executive officer owned 592,232 shares of the company’s stock, valued at $7,639,792.80. This trade represents a 1.37% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 9.88% of the company’s 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.