Assenagon Asset Management S.A. Sells 54,224 Shares of Thryv Holdings, Inc. (NASDAQ:THRY)

Assenagon Asset Management S.A. reduced its stake in shares of Thryv Holdings, Inc. (NASDAQ:THRY) by 24.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 166,122 shares of the company’s stock after selling 54,224 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Thryv were worth $2,459,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of THRY. American Century Companies Inc. boosted its stake in Thryv by 18.7% during the 2nd quarter. American Century Companies Inc. now owns 46,494 shares of the company’s stock worth $829,000 after acquiring an additional 7,328 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in Thryv in the second quarter worth $2,816,000. XTX Topco Ltd bought a new position in shares of Thryv during the second quarter worth $190,000. Sei Investments Co. grew its holdings in shares of Thryv by 1.1% in the 2nd quarter. Sei Investments Co. now owns 120,249 shares of the company’s stock valued at $2,143,000 after buying an additional 1,284 shares during the period. Finally, Public Sector Pension Investment Board increased its position in shares of Thryv by 8.0% in the 2nd quarter. Public Sector Pension Investment Board now owns 69,374 shares of the company’s stock valued at $1,236,000 after buying an additional 5,164 shares in the last quarter. 96.38% of the stock is owned by institutional investors.

Thryv Trading Down 0.2 %

THRY opened at $16.19 on Thursday. The stock has a market capitalization of $680.71 million, a P/E ratio of -1.67 and a beta of 0.88. 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 firm’s fifty day simple moving average is $15.07 and its 200 day simple moving average is $16.60.

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

Analyst Ratings Changes

Several research analysts have weighed in on the company. Craig Hallum assumed coverage on Thryv in a report on Wednesday, October 2nd. They set a “buy” rating and a $25.00 target price on the stock. Robert W. Baird cut their price objective on Thryv from $25.00 to $20.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $28.00 price objective on shares of Thryv in a research report on Wednesday, January 15th.

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.