LB Partners LLC Acquires 50,000 Shares of Thryv Holdings, Inc. $THRY

LB Partners LLC increased its holdings in shares of Thryv Holdings, Inc. (NASDAQ:THRY) by 25.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 249,705 shares of the company’s stock after acquiring an additional 50,000 shares during the quarter. Thryv comprises about 1.9% of LB Partners LLC’s investment portfolio, making the stock its 11th largest holding. LB Partners LLC’s holdings in Thryv were worth $3,036,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. SummerHaven Investment Management LLC increased its position in Thryv by 2.5% during the second quarter. SummerHaven Investment Management LLC now owns 47,793 shares of the company’s stock worth $581,000 after acquiring an additional 1,176 shares during the period. New York State Common Retirement Fund increased its position in Thryv by 4.5% during the first quarter. New York State Common Retirement Fund now owns 29,974 shares of the company’s stock worth $384,000 after acquiring an additional 1,300 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Thryv by 6.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,514 shares of the company’s stock worth $288,000 after acquiring an additional 1,351 shares during the period. Whetstone Capital Advisors LLC grew its stake in Thryv by 0.3% during the first quarter. Whetstone Capital Advisors LLC now owns 652,733 shares of the company’s stock worth $8,362,000 after buying an additional 2,059 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its stake in Thryv by 9.6% during the second quarter. State of Alaska Department of Revenue now owns 24,493 shares of the company’s stock worth $297,000 after buying an additional 2,148 shares in the last quarter. 96.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on THRY shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Thryv in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of Thryv from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. Finally, William Blair reiterated an “outperform” rating on shares of Thryv in a research note on Friday. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Thryv presently has a consensus rating of “Moderate Buy” and an average target price of $20.50.

Insider Buying and Selling at Thryv

In related news, CEO Joe Walsh purchased 8,000 shares of Thryv stock in a transaction dated Friday, August 1st. The shares were bought at an average cost of $12.90 per share, for a total transaction of $103,200.00. Following the purchase, the chief executive officer owned 592,232 shares in the company, valued at approximately $7,639,792.80. This trade represents a 1.37% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders have purchased 10,814 shares of company stock valued at $139,838. Company insiders own 9.88% of the company’s stock.

Thryv Trading Down 0.4%

THRY opened at $11.08 on Monday. The company’s 50 day moving average is $12.37 and its 200-day moving average is $12.62. Thryv Holdings, Inc. has a 1-year low of $10.02 and a 1-year high of $20.92. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.24. The company has a market cap of $486.86 million, a P/E ratio of -4.68 and a beta of 0.92.

Thryv (NASDAQ:THRY) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $203.87 million. During the same quarter in the previous year, the business posted $0.15 earnings per share. The company’s revenue for the quarter was down 6.1% on a year-over-year basis. Thryv has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities research analysts predict that Thryv Holdings, Inc. will post -2.24 earnings per share for the current fiscal year.

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.