Thryv Holdings, Inc. (NASDAQ:THRY) Holdings Lowered by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC trimmed its stake in shares of Thryv Holdings, Inc. (NASDAQ:THRY) by 15.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,060,392 shares of the company’s stock after selling 193,716 shares during the period. Allspring Global Investments Holdings LLC owned about 3.02% of Thryv worth $21,579,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. BlackRock Inc. lifted its holdings in shares of Thryv by 10.0% during the second quarter. BlackRock Inc. now owns 5,698,594 shares of the company’s stock valued at $140,185,000 after purchasing an additional 519,310 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Thryv by 30.7% during the third quarter. Vanguard Group Inc. now owns 1,865,297 shares of the company’s stock valued at $42,585,000 after purchasing an additional 438,334 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Thryv by 73.3% during the fourth quarter. Pacer Advisors Inc. now owns 1,348,066 shares of the company’s stock valued at $27,433,000 after purchasing an additional 570,190 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Thryv by 25.1% during the first quarter. Dimensional Fund Advisors LP now owns 1,261,487 shares of the company’s stock valued at $29,089,000 after purchasing an additional 252,710 shares during the last quarter. Finally, State Street Corp lifted its stake in Thryv by 5.7% in the 2nd quarter. State Street Corp now owns 1,105,496 shares of the company’s stock worth $27,195,000 after acquiring an additional 59,581 shares in the last quarter. 96.38% of the stock is owned by hedge funds and other institutional investors.

Thryv Stock Down 2.2 %

Shares of Thryv stock opened at $22.34 on Friday. The stock has a 50-day moving average price of $21.58 and a 200 day moving average price of $19.92. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.01 and a quick ratio of 1.01. Thryv Holdings, Inc. has a 1 year low of $15.99 and a 1 year high of $26.01.

Thryv (NASDAQ:THRY) last issued its earnings results on Thursday, February 22nd. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.09). Thryv had a positive return on equity of 2.82% and a negative net margin of 28.28%. The firm had revenue of $236.16 million during the quarter, compared to analyst estimates of $231.77 million. During the same period in the previous year, the company earned $1.51 earnings per share. The business’s revenue for the quarter was down 15.5% on a year-over-year basis. On average, research analysts expect that Thryv Holdings, Inc. will post 0.79 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. TheStreet downgraded Thryv from a “c-” rating to a “d” rating in a research note on Friday, March 1st. Needham & Company LLC reissued a “buy” rating and issued a $42.00 price objective on shares of Thryv in a research note on Thursday, January 18th.

Insider Activity

In related news, CEO Joe Walsh acquired 5,000 shares of the stock in a transaction dated Monday, February 26th. The shares were acquired at an average price of $19.01 per share, with a total value of $95,050.00. Following the acquisition, the chief executive officer now owns 501,172 shares in the company, valued at approximately $9,527,279.72. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 10.80% of the stock is currently owned by insiders.

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.