EntryPoint Capital LLC Makes New $174,000 Investment in Thryv Holdings, Inc. (NASDAQ:THRY)

EntryPoint Capital LLC bought a new position in shares of Thryv Holdings, Inc. (NASDAQ:THRY) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 11,787 shares of the company’s stock, valued at approximately $174,000.

Several other large investors have also made changes to their positions in the company. Quarry LP raised its holdings in Thryv by 1,296.3% during the 3rd quarter. Quarry LP now owns 2,248 shares of the company’s stock worth $39,000 after purchasing an additional 2,087 shares during the last quarter. MassMutual Private Wealth & Trust FSB acquired a new stake in Thryv during the 4th quarter worth $44,000. KLP Kapitalforvaltning AS bought a new stake in shares of Thryv during the 4th quarter valued at $92,000. Oregon Public Employees Retirement Fund grew its stake in shares of Thryv by 18.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 9,509 shares of the company’s stock worth $141,000 after purchasing an additional 1,500 shares during the period. Finally, Amalgamated Bank increased its holdings in Thryv by 17.6% in the fourth quarter. Amalgamated Bank now owns 11,446 shares of the company’s stock valued at $169,000 after purchasing an additional 1,715 shares during the last quarter. Institutional investors and hedge funds own 96.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on THRY shares. Royal Bank of Canada assumed coverage on Thryv in a research report on Thursday. They set a “sector perform” rating and a $17.00 target price for the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $28.00 target price on shares of Thryv in a research note on Wednesday, January 15th.

Thryv Trading Down 6.9 %

NASDAQ:THRY opened at $13.45 on Friday. The business’s 50-day simple moving average is $17.07 and its 200-day simple moving average is $16.34. Thryv Holdings, Inc. has a fifty-two week low of $13.06 and a fifty-two week high of $26.42. 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 stock has a market capitalization of $583.34 million, a PE ratio of -1.39 and a beta of 0.90.

Thryv (NASDAQ:THRY) last released its quarterly earnings results on Thursday, February 27th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.26. Thryv had a negative net margin of 38.87% and a negative return on equity of 42.95%. The company had revenue of $186.60 million during the quarter, compared to analysts’ expectations of $183.02 million. Sell-side analysts expect that Thryv Holdings, Inc. will post -2.24 earnings per share for the current fiscal year.

About Thryv

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.