Amalgamated Bank Reduces Position in Thryv Holdings, Inc. (NASDAQ:THRY)

Amalgamated Bank reduced its holdings in shares of Thryv Holdings, Inc. (NASDAQ:THRY) by 7.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 9,186 shares of the company’s stock after selling 705 shares during the period. Amalgamated Bank’s holdings in Thryv were worth $164,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Wittenberg Investment Management Inc. lifted its holdings in shares of Thryv by 41.8% in the 4th quarter. Wittenberg Investment Management Inc. now owns 28,834 shares of the company’s stock valued at $587,000 after buying an additional 8,500 shares during the period. S Squared Technology LLC raised its stake in shares of Thryv by 13.5% during the 4th quarter. S Squared Technology LLC now owns 252,383 shares of the company’s stock worth $5,136,000 after buying an additional 30,000 shares during the last quarter. Harspring Capital Management LLC boosted its position in shares of Thryv by 23.2% in the 4th quarter. Harspring Capital Management LLC now owns 345,000 shares of the company’s stock worth $7,021,000 after buying an additional 65,000 shares in the last quarter. VitalStone Financial LLC acquired a new stake in Thryv in the 4th quarter valued at about $422,000. Finally, Pinnacle Associates Ltd. lifted its stake in Thryv by 5.7% in the 1st quarter. Pinnacle Associates Ltd. now owns 71,273 shares of the company’s stock valued at $1,584,000 after buying an additional 3,815 shares in the last quarter. 96.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC restated a “buy” rating and issued a $28.00 target price on shares of Thryv in a report on Friday, August 2nd.

Thryv Price Performance

Shares of NASDAQ:THRY opened at $17.07 on Wednesday. The company has a market cap of $619.64 million, a P/E ratio of -2.27 and a beta of 0.82. The business has a fifty day simple moving average of $17.95 and a 200-day simple moving average of $19.68. Thryv Holdings, Inc. has a 52 week low of $15.82 and a 52 week high of $26.42. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.58.

Thryv (NASDAQ:THRY) last released its earnings results on Thursday, August 1st. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.30). The company had revenue of $224.08 million during the quarter, compared to analysts’ expectations of $221.78 million. Thryv had a negative net margin of 30.83% and a positive return on equity of 2.17%. Thryv’s revenue for the quarter was down 10.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.43 earnings per share.

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.