Principal Financial Group Inc. Increases Stock Holdings in Thryv Holdings, Inc. (NASDAQ:THRY)

Principal Financial Group Inc. raised its position in shares of Thryv Holdings, Inc. (NASDAQ:THRY) by 3.0% in the third quarter, HoldingsChannel reports. The firm owned 161,449 shares of the company’s stock after buying an additional 4,705 shares during the quarter. Principal Financial Group Inc.’s holdings in Thryv were worth $2,782,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Thryv by 78.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,521 shares of the company’s stock valued at $134,000 after buying an additional 3,303 shares during the period. Quest Partners LLC bought a new stake in shares of Thryv during the 2nd quarter valued at $143,000. American Century Companies Inc. grew its position in shares of Thryv by 18.7% during the 2nd quarter. American Century Companies Inc. now owns 46,494 shares of the company’s stock valued at $829,000 after acquiring an additional 7,328 shares during the period. Renaissance Technologies LLC purchased a new stake in shares of Thryv in the 2nd quarter worth $2,816,000. Finally, Blair William & Co. IL raised its holdings in Thryv by 95.8% in the 2nd quarter. Blair William & Co. IL now owns 355,790 shares of the company’s stock worth $6,340,000 after purchasing an additional 174,090 shares during the period. Hedge funds and other institutional investors own 96.38% of the company’s stock.

Thryv Stock Performance

THRY opened at $14.94 on Friday. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a market capitalization of $628.15 million, a price-to-earnings ratio of -1.54 and a beta of 0.86. The company has a fifty day moving average of $15.15 and a 200 day moving average of $16.85. Thryv Holdings, Inc. has a fifty-two week low of $13.06 and a fifty-two week high of $26.42.

Thryv (NASDAQ:THRY) last released its quarterly earnings data 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 the consensus estimate of $179.24 million. Thryv had a negative return on equity of 42.95% and a negative net margin of 38.87%. The business’s revenue was down 2.2% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.78) EPS. As a group, sell-side analysts forecast that Thryv Holdings, Inc. will post -2.24 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.