Harspring Capital Management LLC Sells 407,500 Shares of Thryv Holdings, Inc. $THRY

Harspring Capital Management LLC trimmed its holdings in shares of Thryv Holdings, Inc. (NASDAQ:THRY) by 57.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 300,000 shares of the company’s stock after selling 407,500 shares during the quarter. Thryv comprises 1.3% of Harspring Capital Management LLC’s portfolio, making the stock its 14th biggest holding. Harspring Capital Management LLC’s holdings in Thryv were worth $3,648,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CWM LLC increased its holdings in shares of Thryv by 567.6% during the 2nd quarter. CWM LLC now owns 8,338 shares of the company’s stock valued at $101,000 after acquiring an additional 7,089 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Thryv by 46.4% during the first quarter. Goldman Sachs Group Inc. now owns 376,141 shares of the company’s stock worth $4,818,000 after purchasing an additional 119,167 shares during the period. CenterBook Partners LP boosted its position in Thryv by 93.4% during the second quarter. CenterBook Partners LP now owns 859,954 shares of the company’s stock worth $10,457,000 after purchasing an additional 415,282 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Thryv during the second quarter valued at approximately $128,000. Finally, Peregrine Capital Management LLC raised its position in shares of Thryv by 11.6% in the second quarter. Peregrine Capital Management LLC now owns 419,111 shares of the company’s stock valued at $5,096,000 after purchasing an additional 43,598 shares during the period. Institutional investors and hedge funds own 96.38% of the company’s stock.

Insider Activity

In other news, CEO Joe Walsh purchased 25,000 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The stock was purchased at an average cost of $6.51 per share, with a total value of $162,750.00. Following the acquisition, the chief executive officer directly owned 610,232 shares of the company’s stock, valued at approximately $3,972,610.32. This trade represents a 4.27% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 9.88% of the stock is owned by company insiders.

Thryv Price Performance

Thryv stock opened at $5.91 on Friday. The business has a 50 day simple moving average of $8.69 and a 200 day simple moving average of $11.37. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.15 and a quick ratio of 1.15. The company has a market capitalization of $257.56 million, a PE ratio of 14.41 and a beta of 0.88. Thryv Holdings, Inc. has a one year low of $5.25 and a one year high of $20.92.

Thryv (NASDAQ:THRY) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.30). The company had revenue of $201.56 million for the quarter, compared to analyst estimates of $200.81 million. Thryv had a return on equity of 8.64% and a net margin of 2.29%.The business’s revenue was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($2.65) earnings per share. On average, sell-side analysts forecast that Thryv Holdings, Inc. will post -2.24 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on THRY. Zacks Research cut shares of Thryv from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 4th. Wall Street Zen raised shares of Thryv from a “hold” rating to a “buy” rating in a research report on Saturday, November 22nd. Craig Hallum cut shares of Thryv from a “buy” rating to a “hold” rating and set a $10.00 price target for the company. in a report on Friday, October 31st. Needham & Company LLC cut their price objective on Thryv from $20.00 to $14.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. Finally, Royal Bank Of Canada cut their price target on Thryv from $16.00 to $13.00 and set a “sector perform” rating for the company in a report on Friday, October 31st. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $13.00.

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.