Thryv Holdings, Inc. (NASDAQ:THRY) Short Interest Down 14.6% in June

Thryv Holdings, Inc. (NASDAQ:THRY) saw a large decrease in short interest in June. As of June 30th, there was short interest totalling 2,480,000 shares, a decrease of 14.6% from the June 15th total of 2,902,600 shares. Approximately 8.0% of the company’s shares are sold short. Based on an average daily volume of 249,400 shares, the short-interest ratio is presently 9.9 days.

Insider Activity at Thryv

In other Thryv news, CEO Joe Walsh bought 2,500 shares of the stock in a transaction on Wednesday, May 22nd. The stock was acquired at an average cost of $21.11 per share, for a total transaction of $52,775.00. Following the completion of the acquisition, the chief executive officer now owns 500,567 shares in the company, valued at approximately $10,566,969.37. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 10.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Thryv

Several large investors have recently added to or reduced their stakes in the business. SummerHaven Investment Management LLC raised its stake in shares of Thryv by 2.0% in the fourth quarter. SummerHaven Investment Management LLC now owns 28,649 shares of the company’s stock worth $583,000 after purchasing an additional 555 shares during the last quarter. Swiss National Bank raised its position in Thryv by 1.7% in the 1st quarter. Swiss National Bank now owns 65,900 shares of the company’s stock valued at $1,465,000 after buying an additional 1,100 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Thryv by 0.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 423,710 shares of the company’s stock valued at $9,420,000 after acquiring an additional 1,306 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Thryv by 2.5% during the 4th quarter. Victory Capital Management Inc. now owns 74,099 shares of the company’s stock worth $1,508,000 after acquiring an additional 1,802 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its stake in shares of Thryv by 2.8% in the 4th quarter. Russell Investments Group Ltd. now owns 85,348 shares of the company’s stock worth $1,737,000 after acquiring an additional 2,313 shares in the last quarter. Institutional investors own 96.38% of the company’s stock.

Thryv Trading Up 4.1 %

NASDAQ THRY opened at $17.91 on Tuesday. Thryv has a 52 week low of $15.99 and a 52 week high of $26.42. The business has a 50 day moving average price of $19.64 and a 200-day moving average price of $20.65. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.15 and a current ratio of 1.15.

Thryv (NASDAQ:THRY) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.15). The business had revenue of $233.62 million for the quarter, compared to the consensus estimate of $226.66 million. Thryv had a negative net margin of 28.75% and a positive return on equity of 3.07%. The business’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.25 EPS. On average, analysts predict that Thryv will post 0.25 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Needham & Company LLC reaffirmed a “buy” rating and issued a $28.00 price target on shares of Thryv in a research note on Wednesday, May 15th.

Thryv Company 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.