Pinnacle Associates Ltd. Has $881,000 Position in Thryv Holdings, Inc. $THRY

Pinnacle Associates Ltd. raised its stake in Thryv Holdings, Inc. (NASDAQ:THRY) by 28.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 72,431 shares of the company’s stock after purchasing an additional 15,975 shares during the period. Pinnacle Associates Ltd. owned 0.16% of Thryv worth $881,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Peregrine Capital Management LLC increased its holdings 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 last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Thryv in the second quarter valued at about $502,000. LB Partners LLC boosted its position in shares of Thryv by 25.0% in the second quarter. LB Partners LLC now owns 249,705 shares of the company’s stock valued at $3,036,000 after acquiring an additional 50,000 shares during the period. Parthenon LLC boosted its position in shares of Thryv by 19.9% in the second quarter. Parthenon LLC now owns 150,673 shares of the company’s stock valued at $1,832,000 after acquiring an additional 25,000 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Thryv by 0.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,111,892 shares of the company’s stock valued at $13,999,000 after acquiring an additional 2,957 shares during the period. 96.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

THRY has been the subject of a number of recent research reports. Wall Street Zen cut shares of Thryv from a “buy” rating to a “hold” rating in a research report on Saturday. William Blair reissued an “outperform” rating on shares of Thryv in a research report on Friday, October 17th. Weiss Ratings reissued a “sell (d-)” rating on shares of Thryv in a research report on Wednesday, October 8th. Royal Bank Of Canada reduced their target price on shares of Thryv from $16.00 to $13.00 and set a “sector perform” rating for the company in a research report on Friday. Finally, Needham & Company LLC reduced their target price on shares of Thryv from $20.00 to $14.00 and set a “buy” rating for the company in a research report on Thursday. Four research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Thryv has a consensus rating of “Hold” and an average target price of $14.40.

Thryv Trading Down 8.8%

THRY opened at $7.03 on Tuesday. Thryv Holdings, Inc. has a twelve month low of $7.02 and a twelve month high of $20.92. The company has a 50-day simple moving average of $11.83 and a 200 day simple moving average of $12.61. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.17. The stock has a market capitalization of $306.37 million, a price-to-earnings ratio of 17.15 and a beta of 0.89.

Thryv (NASDAQ:THRY) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.30). Thryv had a return on equity of 8.64% and a net margin of 2.29%.The firm had revenue of $201.56 million for the quarter, compared to the consensus estimate of $200.81 million. During the same period in the prior year, the company earned ($2.65) EPS. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. Thryv has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Analysts predict that Thryv Holdings, Inc. will post -2.24 EPS for the current fiscal year.

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.