First Eagle Investment Management LLC Grows Stake in Thryv Holdings, Inc. $THRY

First Eagle Investment Management LLC boosted its position in shares of Thryv Holdings, Inc. (NASDAQ:THRY) by 44.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 846,596 shares of the company’s stock after acquiring an additional 261,280 shares during the quarter. First Eagle Investment Management LLC’s holdings in Thryv were worth $10,210,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of THRY. AQR Capital Management LLC increased its position in shares of Thryv by 11.0% during the 1st quarter. AQR Capital Management LLC now owns 69,842 shares of the company’s stock valued at $895,000 after purchasing an additional 6,917 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings 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 valued at $288,000 after buying an additional 1,351 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Thryv by 46.4% during the first quarter. Goldman Sachs Group Inc. now owns 376,141 shares of the company’s stock valued at $4,818,000 after buying an additional 119,167 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in Thryv in the second quarter worth approximately $502,000. Finally, Pinnacle Associates Ltd. boosted its stake in shares of Thryv by 28.3% during the 2nd quarter. Pinnacle Associates Ltd. now owns 72,431 shares of the company’s stock worth $881,000 after acquiring an additional 15,975 shares during the last quarter. 96.38% of the stock is owned by hedge funds and other institutional investors.

Thryv Price Performance

Shares of THRY opened at $2.94 on Wednesday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.08. Thryv Holdings, Inc. has a 1 year low of $1.91 and a 1 year high of $17.24. The company has a 50 day simple moving average of $4.67 and a two-hundred day simple moving average of $7.89.

Thryv (NASDAQ:THRY) last issued its earnings results on Thursday, February 26th. The company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.62). The company had revenue of $191.62 million for the quarter, compared to the consensus estimate of $191.25 million. Thryv had a return on equity of 0.14% and a net margin of 0.04%. Sell-side analysts anticipate that Thryv Holdings, Inc. will post -2.24 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently commented on THRY. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Thryv in a report on Monday, December 29th. Needham & Company LLC decreased their price objective on Thryv from $14.00 to $6.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Zacks Research upgraded Thryv from a “strong sell” rating to a “hold” rating in a research note on Monday, December 29th. Royal Bank Of Canada decreased their target price on shares of Thryv from $13.00 to $7.00 and set a “sector perform” rating on the stock in a research note on Friday, February 20th. Finally, William Blair downgraded shares of Thryv from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 4th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $9.50.

Thryv Profile

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.