Pinnacle Associates Ltd. Buys 15,975 Shares of Thryv Holdings, Inc. $THRY

Pinnacle Associates Ltd. raised its stake in Thryv Holdings, Inc. (NASDAQ:THRY) by 28.3% in the second quarter, Holdings Channel reports. The fund owned 72,431 shares of the company’s stock after purchasing an additional 15,975 shares during the quarter. Pinnacle Associates Ltd.’s holdings in Thryv were worth $881,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in THRY. Principal Financial Group Inc. lifted its holdings in shares of Thryv by 2.4% in the first quarter. Principal Financial Group Inc. now owns 201,186 shares of the company’s stock worth $2,577,000 after acquiring an additional 4,664 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Thryv by 4.9% in the first quarter. Bank of New York Mellon Corp now owns 216,677 shares of the company’s stock valued at $2,776,000 after buying an additional 10,176 shares during the period. Arizona State Retirement System acquired a new position in shares of Thryv in the first quarter valued at approximately $146,000. New York State Common Retirement Fund increased its stake in shares of Thryv by 4.5% in the first quarter. New York State Common Retirement Fund now owns 29,974 shares of the company’s stock valued at $384,000 after buying an additional 1,300 shares during the period. Finally, Massachusetts Financial Services Co. MA acquired a new position in shares of Thryv in the first quarter valued at approximately $30,209,000. Institutional investors own 96.38% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on THRY. Royal Bank Of Canada lowered their price objective on Thryv from $16.00 to $13.00 and set a “sector perform” rating for the company in a research note on Friday. William Blair reaffirmed an “outperform” rating on shares of Thryv in a research note on Friday, October 17th. Wall Street Zen downgraded Thryv from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Thryv in a research note on Wednesday, October 8th. Finally, B. Riley lowered their price objective on Thryv from $26.00 to $15.00 and set a “buy” rating for the company in a research note on Friday. Four analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $14.40.

Thryv Stock Down 8.8%

Thryv stock opened at $7.03 on Tuesday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.15 and a current ratio of 1.15. Thryv Holdings, Inc. has a 52-week low of $7.02 and a 52-week high of $20.92. The firm has a 50 day moving average price of $11.83 and a two-hundred day moving average price of $12.61. The firm has a market cap of $306.37 million, a price-to-earnings ratio of 17.15 and a beta of 0.89.

Thryv (NASDAQ:THRY) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.30). Thryv had a return on equity of 8.64% and a net margin of 2.29%.The firm had revenue of $201.56 million for the quarter, compared to the consensus estimate of $200.81 million. During the same quarter in the previous year, the business posted ($2.65) EPS. The firm’s revenue for the quarter was up 12.1% compared to the same quarter last year. Thryv has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities analysts predict that Thryv Holdings, Inc. will post -2.24 EPS for the current 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.