Goldman Sachs Group Inc. Raises Position in Thryv Holdings, Inc. $THRY

Goldman Sachs Group Inc. increased its holdings in Thryv Holdings, Inc. (NASDAQ:THRY) by 46.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 376,141 shares of the company’s stock after purchasing an additional 119,167 shares during the quarter. Goldman Sachs Group Inc. owned 0.86% of Thryv worth $4,818,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in THRY. Clarus Group Inc. purchased a new position in Thryv in the 1st quarter worth $134,000. Arizona State Retirement System purchased a new position in shares of Thryv in the first quarter valued at about $146,000. ProShare Advisors LLC purchased a new position in shares of Thryv in the fourth quarter valued at about $167,000. Fox Run Management L.L.C. purchased a new position in shares of Thryv in the first quarter valued at about $189,000. Finally, AlphaQuest LLC purchased a new position in shares of Thryv in the first quarter valued at about $195,000. Hedge funds and other institutional investors own 96.38% of the company’s stock.

Insider Activity

In related news, CEO Joe Walsh purchased 8,000 shares of Thryv stock in a transaction that occurred on Friday, August 1st. The shares were bought at an average price of $12.90 per share, for a total transaction of $103,200.00. Following the completion of the transaction, the chief executive officer directly owned 592,232 shares of the company’s stock, valued at $7,639,792.80. This represents a 1.37% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have bought a total of 10,814 shares of company stock worth $139,838 in the last 90 days. 9.88% of the stock is owned by insiders.

Thryv Price Performance

Shares of NASDAQ THRY opened at $12.12 on Wednesday. Thryv Holdings, Inc. has a 1 year low of $10.02 and a 1 year high of $20.92. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.20 and a quick ratio of 1.20. The company’s 50-day moving average is $12.74 and its 200 day moving average is $13.18. The stock has a market capitalization of $532.55 million, a P/E ratio of -5.11 and a beta of 0.94.

Thryv (NASDAQ:THRY) last announced its quarterly earnings results 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 net margin of 11.06% and a negative return on equity of 47.96%. The company 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 EPS. 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. On average, sell-side analysts expect that Thryv Holdings, Inc. will post -2.24 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Thryv from a “hold” rating to a “buy” rating in a research report on Saturday. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Thryv 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.