Thryv Holdings, Inc. $THRY Shares Purchased by Wittenberg Investment Management Inc.

Wittenberg Investment Management Inc. increased its stake in shares of Thryv Holdings, Inc. (NASDAQ:THRY) by 331.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 395,234 shares of the company’s stock after purchasing an additional 303,550 shares during the quarter. Thryv accounts for 0.9% of Wittenberg Investment Management Inc.’s holdings, making the stock its 19th largest holding. Wittenberg Investment Management Inc. owned about 0.91% of Thryv worth $2,391,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Russell Investments Group Ltd. grew its stake in Thryv by 2,516.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 3,114 shares of the company’s stock worth $38,000 after purchasing an additional 2,995 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in Thryv by 526.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,239 shares of the company’s stock worth $52,000 after purchasing an additional 3,562 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in Thryv during the 4th quarter worth $59,000. Quarry LP grew its stake in Thryv by 787.2% during the 3rd quarter. Quarry LP now owns 5,066 shares of the company’s stock worth $61,000 after purchasing an additional 4,495 shares in the last quarter. Finally, Quotient Wealth Partners LLC acquired a new position in Thryv during the 4th quarter worth $63,000. 96.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Needham & Company LLC lowered their target price on Thryv from $14.00 to $6.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Weiss Ratings raised Thryv from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, May 4th. Royal Bank Of Canada lowered their target price on Thryv from $13.00 to $7.00 and set a “sector perform” rating for the company in a research note on Friday, February 20th. Finally, Zacks Research raised Thryv from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Thryv has an average rating of “Hold” and a consensus price target of $9.50.

Thryv Stock Performance

NASDAQ:THRY opened at $3.86 on Monday. The stock has a 50-day simple moving average of $3.51 and a 200-day simple moving average of $4.17. The stock has a market cap of $171.19 million, a P/E ratio of 12.06 and a beta of 0.93. Thryv Holdings, Inc. has a 1 year low of $1.91 and a 1 year high of $14.28. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.23 and a current ratio of 1.23.

Thryv (NASDAQ:THRY) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.16. The business had revenue of $167.68 million during the quarter, compared to analysts’ expectations of $161.69 million. Thryv had a return on equity of 6.58% and a net margin of 1.88%. As a group, analysts anticipate that Thryv Holdings, Inc. will post 0.55 earnings per share for the current fiscal year.

About Thryv

Thryv Holdings, Inc (NASDAQ:THRY) is a software and technology solutions provider focused on helping small- and medium-sized businesses manage customer relationships, marketing and communications, appointments and payments through a unified platform. Headquartered in Dallas, Texas, the company delivers cloud-based software designed to simplify administrative tasks and enable business owners to engage with customers across multiple channels.

At the core of Thryv’s offerings is its flagship Thryv software platform, which combines customer relationship management (CRM) tools, automated marketing and social media management, online scheduling, invoicing and payment processing.