Brooktree Capital Management Purchases 27,018 Shares of Thryv Holdings, Inc. (NASDAQ:THRY)

Brooktree Capital Management increased its position in Thryv Holdings, Inc. (NASDAQ:THRY) by 7.1% in the third quarter, HoldingsChannel reports. The firm owned 407,730 shares of the company’s stock after acquiring an additional 27,018 shares during the period. Thryv accounts for about 5.7% of Brooktree Capital Management’s investment portfolio, making the stock its 7th biggest holding. Brooktree Capital Management’s holdings in Thryv were worth $7,025,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its position in shares of Thryv by 0.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 423,710 shares of the company’s stock worth $9,420,000 after purchasing an additional 1,306 shares in the last quarter. Harspring Capital Management LLC increased its stake in Thryv by 7.7% in the 2nd quarter. Harspring Capital Management LLC now owns 420,000 shares of the company’s stock valued at $7,484,000 after buying an additional 30,000 shares during the period. Blair William & Co. IL lifted its position in Thryv by 95.8% in the 2nd quarter. Blair William & Co. IL now owns 355,790 shares of the company’s stock worth $6,340,000 after buying an additional 174,090 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Thryv by 182.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 220,346 shares of the company’s stock valued at $3,797,000 after buying an additional 142,434 shares during the period. Finally, Millennium Management LLC grew its holdings in shares of Thryv by 78.8% during the 2nd quarter. Millennium Management LLC now owns 178,807 shares of the company’s stock valued at $3,186,000 after acquiring an additional 78,793 shares in the last quarter. 96.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports 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 price objective for the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $28.00 target price on shares of Thryv in a research report on Friday, November 8th. Finally, Robert W. Baird reduced their price target on Thryv from $25.00 to $20.00 and set an “outperform” rating for the company in a report on Friday, November 8th.

Thryv Stock Down 2.3 %

Thryv stock opened at $14.17 on Thursday. 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 1-year low of $13.74 and a 1-year high of $26.42. The firm’s fifty day simple moving average is $16.90 and its 200-day simple moving average is $18.43. The company has a market capitalization of $595.71 million, a P/E ratio of -1.47 and a beta of 0.85.

Thryv (NASDAQ:THRY) last posted its earnings results on Thursday, November 7th. The company reported ($2.65) earnings per share for the quarter, missing the consensus estimate of ($2.53) by ($0.12). The company had revenue of $179.85 million for 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%. Thryv’s quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter last year, the business earned ($0.78) earnings per share. Sell-side analysts forecast that Thryv Holdings, Inc. will post -2.17 earnings per share for the current fiscal year.

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.