Jacobs Levy Equity Management Inc. Has $470,000 Position in Thryv Holdings, Inc. (NASDAQ:THRY)

Jacobs Levy Equity Management Inc. increased its holdings in shares of Thryv Holdings, Inc. (NASDAQ:THRY) by 143.5% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 27,277 shares of the company’s stock after purchasing an additional 16,077 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.06% of Thryv worth $470,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. KBC Group NV lifted its holdings in shares of Thryv by 97.8% during the third quarter. KBC Group NV now owns 2,868 shares of the company’s stock worth $49,000 after buying an additional 1,418 shares during the last quarter. Point72 DIFC Ltd acquired a new position in Thryv during the 2nd quarter valued at $100,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Thryv by 78.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,521 shares of the company’s stock valued at $134,000 after purchasing an additional 3,303 shares during the period. Quest Partners LLC acquired a new stake in Thryv in the 2nd quarter worth $143,000. Finally, XTX Topco Ltd acquired a new stake in Thryv in the 2nd quarter worth $190,000. Institutional investors own 96.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on THRY shares. Craig Hallum began coverage on shares of Thryv in a research note on Wednesday, October 2nd. They issued a “buy” rating and a $25.00 target price for the company. Needham & Company LLC reiterated a “buy” rating and issued a $28.00 price objective on shares of Thryv in a research report on Wednesday, December 4th. Finally, 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.

Thryv Stock Performance

NASDAQ THRY opened at $16.15 on Tuesday. Thryv Holdings, Inc. has a twelve month low of $13.06 and a twelve month high of $26.42. The stock has a market cap of $679.03 million, a P/E ratio of -1.67 and a beta of 0.86. The company’s 50-day simple moving average is $16.00 and its 200 day simple moving average is $17.57. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 2.70.

Thryv (NASDAQ:THRY) last announced its earnings results 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 return on equity of 42.95% and a negative net margin of 38.87%. The firm had revenue of $179.85 million for the quarter, compared to analyst estimates of $179.24 million. During the same quarter last year, the business earned ($0.78) EPS. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. As a group, research analysts forecast that Thryv Holdings, Inc. will post -2.24 earnings per share 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.