Mackenzie Financial Corp Buys Shares of 13,317 Thryv Holdings, Inc. (NASDAQ:THRY)

Mackenzie Financial Corp acquired a new position in shares of Thryv Holdings, Inc. (NASDAQ:THRY) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 13,317 shares of the company’s stock, valued at approximately $271,000.

Several other institutional investors also recently modified their holdings of THRY. SG Americas Securities LLC acquired a new stake in shares of Thryv during the 3rd quarter worth approximately $334,000. Strs Ohio acquired a new stake in shares of Thryv during the 3rd quarter worth approximately $420,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Thryv by 48.6% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,815 shares of the company’s stock worth $316,000 after purchasing an additional 5,500 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Thryv by 0.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,254,108 shares of the company’s stock worth $23,540,000 after purchasing an additional 3,748 shares in the last quarter. Finally, Los Angeles Capital Management LLC lifted its position in shares of Thryv by 1.1% during the 3rd quarter. Los Angeles Capital Management LLC now owns 58,452 shares of the company’s stock worth $1,097,000 after buying an additional 631 shares during the period. Institutional investors and hedge funds own 96.38% of the company’s stock.

Analyst Ratings Changes

THRY has been the subject of several analyst reports. Needham & Company LLC restated a “buy” rating and set a $42.00 target price on shares of Thryv in a research report on Thursday, January 18th. TheStreet downgraded Thryv from a “c-” rating to a “d” rating in a research report on Friday, March 1st.

Insider Buying and Selling at Thryv

In other Thryv news, CEO Joe Walsh acquired 5,000 shares of the business’s stock in a transaction on Monday, February 26th. The stock was purchased at an average price of $19.01 per share, for a total transaction of $95,050.00. Following the transaction, the chief executive officer now owns 501,172 shares in the company, valued at approximately $9,527,279.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 10.80% of the company’s stock.

Thryv Trading Down 0.1 %

Shares of THRY opened at $22.85 on Monday. The stock has a fifty day moving average price of $21.83 and a two-hundred day moving average price of $20.16. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.01 and a current ratio of 1.01. Thryv Holdings, Inc. has a 52-week low of $15.99 and a 52-week high of $26.01. The company has a market cap of $812.55 million, a price-to-earnings ratio of -3.05 and a beta of 0.95.

Thryv (NASDAQ:THRY) last issued its quarterly earnings data on Thursday, February 22nd. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.09). Thryv had a negative net margin of 28.28% and a positive return on equity of 2.82%. The business had revenue of $236.16 million during the quarter, compared to the consensus estimate of $231.77 million. During the same quarter in the previous year, the firm posted $1.51 EPS. The company’s revenue for the quarter was down 15.5% compared to the same quarter last year. Analysts predict that Thryv Holdings, Inc. will post 0.79 EPS for the current fiscal year.

Thryv 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.