XTX Topco Ltd Grows Stake in Thryv Holdings, Inc. (NASDAQ:THRY)

XTX Topco Ltd raised its stake in shares of Thryv Holdings, Inc. (NASDAQ:THRY) by 173.0% during the third quarter, HoldingsChannel reports. The firm owned 29,032 shares of the company’s stock after buying an additional 18,397 shares during the quarter. XTX Topco Ltd’s holdings in Thryv were worth $500,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Harspring Capital Management LLC increased its position in shares of Thryv by 7.7% during the 2nd quarter. Harspring Capital Management LLC now owns 420,000 shares of the company’s stock valued at $7,484,000 after purchasing an additional 30,000 shares during the last quarter. FMR LLC boosted its stake in Thryv by 1.3% during the third quarter. FMR LLC now owns 5,425,792 shares of the company’s stock worth $93,486,000 after buying an additional 71,174 shares during the period. Renaissance Technologies LLC bought a new position in Thryv during the second quarter valued at $2,816,000. Systematic Financial Management LP purchased a new stake in shares of Thryv in the third quarter valued at $560,000. Finally, Assenagon Asset Management S.A. bought a new stake in shares of Thryv in the 2nd quarter worth about $1,388,000. 96.38% of the stock is owned by institutional investors.

Thryv Trading Down 4.2 %

Shares of THRY opened at $15.55 on Friday. The company has a debt-to-equity ratio of 2.70, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a market capitalization of $653.80 million, a price-to-earnings ratio of -1.61 and a beta of 0.86. The company has a 50-day moving average of $15.90 and a 200 day moving average of $17.45. Thryv Holdings, Inc. has a 1-year low of $13.06 and a 1-year high of $26.42.

Thryv (NASDAQ:THRY) last announced its quarterly 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). The firm had revenue of $179.85 million during the quarter, compared to analysts’ expectations of $179.24 million. Thryv had a negative net margin of 38.87% and a negative return on equity of 42.95%. The firm’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.78) EPS. On average, research analysts expect that Thryv Holdings, Inc. will post -2.24 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Needham & Company LLC reiterated a “buy” rating and set a $28.00 price target on shares of Thryv in a report on Wednesday, December 4th. Craig Hallum started coverage on Thryv in a research note on Wednesday, October 2nd. They set a “buy” rating and a $25.00 target price on the stock. Finally, Robert W. Baird decreased their price target on Thryv from $25.00 to $20.00 and set an “outperform” rating for the company in a research note on Friday, November 8th.

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.