Thryv Holdings, Inc. (NASDAQ:THRY) Shares Acquired by Paulson & CO. Inc.

Paulson & CO. Inc. increased its stake in shares of Thryv Holdings, Inc. (NASDAQ:THRY) by 114.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,280,000 shares of the company’s stock after buying an additional 2,280,000 shares during the quarter. Thryv comprises approximately 3.8% of Paulson & CO. Inc.’s holdings, making the stock its 6th largest position. Paulson & CO. Inc. owned 0.10% of Thryv worth $63,344,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. XTX Topco Ltd increased its position in Thryv by 2.2% in the 4th quarter. XTX Topco Ltd now owns 29,665 shares of the company’s stock valued at $439,000 after acquiring an additional 633 shares during the period. Summit Investment Advisors Inc. grew its stake in shares of Thryv by 27.7% in the fourth quarter. Summit Investment Advisors Inc. now owns 3,906 shares of the company’s stock worth $58,000 after purchasing an additional 848 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in shares of Thryv by 18.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 9,509 shares of the company’s stock valued at $141,000 after purchasing an additional 1,500 shares during the period. Corebridge Financial Inc. raised its stake in shares of Thryv by 8.9% during the fourth quarter. Corebridge Financial Inc. now owns 19,984 shares of the company’s stock valued at $296,000 after purchasing an additional 1,631 shares in the last quarter. Finally, Amalgamated Bank lifted its holdings in Thryv by 17.6% in the fourth quarter. Amalgamated Bank now owns 11,446 shares of the company’s stock worth $169,000 after purchasing an additional 1,715 shares during the period. 96.38% of the stock is owned by institutional investors and hedge funds.

Thryv Stock Down 0.1 %

NASDAQ THRY opened at $13.72 on Wednesday. Thryv Holdings, Inc. has a 12 month low of $10.03 and a 12 month high of $26.42. The company has a market capitalization of $599.99 million, a P/E ratio of -1.42 and a beta of 1.03. The company’s 50 day simple moving average is $14.12 and its 200 day simple moving average is $15.42. The company has a debt-to-equity ratio of 2.70, a current ratio of 1.04 and a quick ratio of 1.04.

Thryv (NASDAQ:THRY) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.26. The company had revenue of $186.60 million for the quarter, compared to analysts’ expectations of $183.02 million. Thryv had a negative return on equity of 42.95% and a negative net margin of 38.87%. Equities research analysts expect that Thryv Holdings, Inc. will post -2.24 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have commented on THRY shares. B. Riley dropped their price target on shares of Thryv from $30.00 to $26.00 and set a “buy” rating on the stock in a research report on Tuesday, April 22nd. Royal Bank of Canada initiated coverage on Thryv in a report on Thursday, March 27th. They set a “sector perform” rating and a $17.00 target price on the stock. Finally, Needham & Company LLC restated a “buy” rating and issued a $28.00 target price on shares of Thryv in a research report on Thursday, April 10th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $23.20.

Thryv Company 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.