Franklin Resources Inc. Lowers Stock Position in Thryv Holdings, Inc. (NASDAQ:THRY)

Franklin Resources Inc. lessened its position in shares of Thryv Holdings, Inc. (NASDAQ:THRY) by 10.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,223 shares of the company’s stock after selling 1,454 shares during the quarter. Franklin Resources Inc.’s holdings in Thryv were worth $217,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC grew its position in shares of Thryv by 1.3% during the 3rd quarter. FMR LLC now owns 5,425,792 shares of the company’s stock valued at $93,486,000 after acquiring an additional 71,174 shares during the period. State Street Corp boosted its position in Thryv by 2.0% during the third quarter. State Street Corp now owns 1,159,541 shares of the company’s stock worth $19,979,000 after purchasing an additional 22,460 shares in the last quarter. Harspring Capital Management LLC boosted its position in Thryv by 51.2% during the third quarter. Harspring Capital Management LLC now owns 635,000 shares of the company’s stock worth $10,941,000 after purchasing an additional 215,000 shares in the last quarter. Brooktree Capital Management grew its holdings in Thryv by 7.1% in the third quarter. Brooktree Capital Management now owns 407,730 shares of the company’s stock valued at $7,025,000 after purchasing an additional 27,018 shares during the period. Finally, Blair William & Co. IL increased its position in shares of Thryv by 95.8% in the second quarter. Blair William & Co. IL now owns 355,790 shares of the company’s stock valued at $6,340,000 after buying an additional 174,090 shares in the last quarter. Hedge funds and other institutional investors own 96.38% of the company’s stock.

Analyst Ratings Changes

THRY has been the subject of several recent analyst reports. Craig Hallum assumed coverage on shares of Thryv in a report on Wednesday, October 2nd. They issued a “buy” rating and a $25.00 price target for the company. Needham & Company LLC reissued a “buy” rating and set a $28.00 target price on shares of Thryv in a research note on Wednesday, December 4th. Finally, Robert W. Baird decreased their price target on shares of Thryv from $25.00 to $20.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th.

Thryv Stock Up 2.9 %

NASDAQ THRY opened at $14.80 on Thursday. Thryv Holdings, Inc. has a one year low of $13.06 and a one year high of $26.42. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.04 and a current ratio of 1.04. The business has a fifty day moving average price of $15.30 and a 200 day moving average price of $16.91. The company has a market cap of $622.27 million, a P/E ratio of -1.53 and a beta of 0.86.

Thryv (NASDAQ:THRY) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($2.65) earnings per share for the quarter, missing analysts’ consensus estimates of ($2.53) by ($0.12). The business had revenue of $179.85 million for the quarter, compared to analyst estimates of $179.24 million. Thryv had a negative return on equity of 42.95% and a negative net margin of 38.87%. The business’s revenue was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.78) earnings per share. Research analysts anticipate that Thryv Holdings, Inc. will post -2.24 EPS for the current fiscal year.

About Thryv

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.