Massachusetts Financial Services Co. MA Acquires 602,127 Shares of Thryv Holdings, Inc. $THRY

Massachusetts Financial Services Co. MA lifted its holdings in Thryv Holdings, Inc. (NASDAQ:THRY) by 27.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,822,888 shares of the company’s stock after acquiring an additional 602,127 shares during the period. Massachusetts Financial Services Co. MA owned 0.06% of Thryv worth $17,078,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Ancient Art L.P. lifted its holdings in shares of Thryv by 468.2% in the 3rd quarter. Ancient Art L.P. now owns 1,309,459 shares of the company’s stock valued at $15,792,000 after acquiring an additional 1,079,016 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Thryv by 1.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,127,581 shares of the company’s stock valued at $13,193,000 after acquiring an additional 15,689 shares during the last quarter. CenterBook Partners LP lifted its holdings in shares of Thryv by 1.4% in the 3rd quarter. CenterBook Partners LP now owns 871,991 shares of the company’s stock valued at $10,516,000 after acquiring an additional 12,037 shares during the last quarter. First Eagle Investment Management LLC lifted its holdings in shares of Thryv by 44.6% in the 3rd quarter. First Eagle Investment Management LLC now owns 846,596 shares of the company’s stock valued at $10,210,000 after acquiring an additional 261,280 shares during the last quarter. Finally, Brooktree Capital Management lifted its holdings in shares of Thryv by 17.6% in the 3rd quarter. Brooktree Capital Management now owns 841,341 shares of the company’s stock valued at $10,147,000 after acquiring an additional 125,711 shares during the last quarter. Institutional investors own 96.38% of the company’s stock.

Thryv Stock Performance

Shares of NASDAQ THRY opened at $3.29 on Friday. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.00 and a quick ratio of 1.00. Thryv Holdings, Inc. has a 1 year low of $1.91 and a 1 year high of $15.49. The firm has a 50-day simple moving average of $3.12 and a two-hundred day simple moving average of $5.78.

Thryv (NASDAQ:THRY) last announced its quarterly earnings data on Thursday, February 26th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.62). The firm had revenue of $191.62 million during the quarter, compared to the consensus estimate of $191.25 million. Thryv had a return on equity of 0.14% and a net margin of 0.04%. As a group, research analysts anticipate that Thryv Holdings, Inc. will post -2.24 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

THRY has been the subject of a number of analyst reports. Needham & Company LLC lowered their price target on shares of Thryv from $14.00 to $6.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Thryv in a report on Monday, December 29th. Royal Bank Of Canada lowered their price target on shares of Thryv from $13.00 to $7.00 and set a “sector perform” rating for the company in a report on Friday, February 20th. Wall Street Zen downgraded shares of Thryv from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Finally, Zacks Research downgraded shares of Thryv from a “hold” rating to a “strong sell” rating in a report on Friday, March 27th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $9.50.

Insider Activity

In other news, CEO Joe Walsh acquired 15,000 shares of the firm’s stock in a transaction on Friday, March 13th. The stock was acquired at an average price of $2.91 per share, with a total value of $43,650.00. Following the completion of the purchase, the chief executive officer directly owned 775,749 shares in the company, valued at approximately $2,257,429.59. This trade represents a 1.97% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Paul D. Rouse acquired 14,000 shares of the firm’s stock in a transaction on Monday, March 2nd. The stock was purchased at an average cost of $2.35 per share, with a total value of $32,900.00. Following the purchase, the chief financial officer owned 349,079 shares of the company’s stock, valued at $820,335.65. The trade was a 4.18% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders acquired 45,000 shares of company stock valued at $120,250. 9.88% of the stock is owned by insiders.

About Thryv

Thryv Holdings, Inc (NASDAQ:THRY) is a software and technology solutions provider focused on helping small- and medium-sized businesses manage customer relationships, marketing and communications, appointments and payments through a unified platform. Headquartered in Dallas, Texas, the company delivers cloud-based software designed to simplify administrative tasks and enable business owners to engage with customers across multiple channels.

At the core of Thryv’s offerings is its flagship Thryv software platform, which combines customer relationship management (CRM) tools, automated marketing and social media management, online scheduling, invoicing and payment processing.