XTX Topco Ltd Purchases 18,397 Shares of Thryv Holdings, Inc. (NASDAQ:THRY)

XTX Topco Ltd lifted its holdings in Thryv Holdings, Inc. (NASDAQ:THRY) by 173.0% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 29,032 shares of the company’s stock after purchasing an additional 18,397 shares during the period. XTX Topco Ltd owned about 0.07% of Thryv worth $500,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Harspring Capital Management LLC raised its position in Thryv by 7.7% in the second quarter. Harspring Capital Management LLC now owns 420,000 shares of the company’s stock worth $7,484,000 after acquiring an additional 30,000 shares during the period. FMR LLC raised its holdings in Thryv by 1.3% in the 3rd quarter. FMR LLC now owns 5,425,792 shares of the company’s stock worth $93,486,000 after purchasing an additional 71,174 shares during the period. Renaissance Technologies LLC purchased a new position in Thryv during the second quarter valued at $2,816,000. Systematic Financial Management LP purchased a new position in Thryv during the third quarter valued at $560,000. Finally, Assenagon Asset Management S.A. purchased a new stake in Thryv in the second quarter worth about $1,388,000. Hedge funds and other institutional investors own 96.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on THRY shares. Robert W. Baird lowered their price objective on Thryv from $25.00 to $20.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. Craig Hallum initiated coverage on shares of Thryv in a research report on Wednesday, October 2nd. They issued a “buy” rating and a $25.00 price target for the company. Finally, Needham & Company LLC restated a “buy” rating and set a $28.00 price objective on shares of Thryv in a research report on Wednesday, December 4th.

Thryv Stock Performance

NASDAQ:THRY opened at $15.55 on Friday. The stock has a 50-day moving average price of $15.90 and a 200 day moving average price of $17.45. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 2.70. Thryv Holdings, Inc. has a 12-month low of $13.06 and a 12-month high of $26.42. The stock has a market capitalization of $653.80 million, a P/E ratio of -1.61 and a beta of 0.86.

Thryv (NASDAQ:THRY) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($2.65) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($2.53) by ($0.12). Thryv had a negative net margin of 38.87% and a negative return on equity of 42.95%. The company had revenue of $179.85 million for the quarter, compared to analysts’ expectations of $179.24 million. During the same period last year, the business earned ($0.78) earnings per share. The company’s quarterly revenue was down 2.2% compared to the same quarter last year. Equities research analysts forecast that Thryv Holdings, Inc. will post -2.24 EPS 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.