The most recent 13F filing that the State of Alaska Department of Revenue submitted to the Securities and Exchange Commission revealed that during the third quarter, the department’s ownership in Thryv Holdings, Inc. (NASDAQ: THRY) increased by 77.1%. The corporation now has 21,220 shares in its possession after purchasing an additional 9,235 shares of the company during the quarter for a total of 21,220 shares. At the end of the most recent reporting period, the Department of Revenue for the State of Alaska owned approximately 0.06% of Thryv, which had a value of $484,000. This ownership was reported as having been held after the most recent reporting period.
In addition, hedge funds and other institutional investors have decreased the amount of the company’s stock that they hold in their portfolios. During the second quarter, the investment portfolio managed by Mutual of America Capital Management LLC saw a 17.5% increase in the percentage of its holdings allocated to Thryv. After purchasing an additional 428 shares during the relevant period, Mutual of America Capital Management LLC now has a total of 2,875 shares of the company’s stock, which is $64,000. These shares were acquired during the period in question. During the second quarter, the investment portfolio managed by Prudential Financial Inc. saw a 1.7% rise in the percentage of its holdings allocated to Thryv. During the reporting period, Prudential Financial Inc. purchased 615 shares, bringing the total number of company shares purchased to 36,211. This purchase is estimated to have a market value of $810,000. During the second quarter, the value of Exchange Traded Concepts LLC’s assets in Thryv increased by 3.6% compared to the previous quarter. A total of 24,923 shares are available for purchase through Exchange Traded Concepts LLC. These shares are currently valued at $560,000 on the market. Compared to the number of shares it held at the end of the reporting period before this one, this represents an increase of 8,744 shares. During the first three months of the year, Rice Hall James & Associates LLC increased the amount of the company’s stock owned by one percent. Rice Hall James & Associates LLC now holds a total of 124,564 shares of the company’s stock after purchasing an additional 1,200 shares during the most recent period. The stock currently has a value of $3,503,000, and Rice Hall James & Associates LLC’s holdings are worth that amount. And finally, during the first quarter, JPMorgan Chase & Co. increased its holdings in the company by purchasing an additional 16.8 percent of Thryv shares. JPMorgan Chase & Co. now has 8,580 shares of the company’s stock following the acquisition of an additional 1,236 shares during the most recent period. The value of the company’s stock held by JPMorgan Chase & Co. comes to $241,000. At present, 93.61% of the company’s shares are owned by hedge funds and other institutional investors.
In related news, on December 8, the company’s CEO, Joe Walsh, purchased 10,000 shares of the corporation’s stock. This is just one of the latest developments in connection with this subject. The total number of shares was acquired for an average price of $17.65 per share, which resulted in the total amount that was paid for all of the shares being $176,500.00. The chief executive officer personally owns 369,431 shares of the company, and the total value of those shares is approximately $6,520,457.15 at present. Because of the filing with the SEC, information regarding the transaction is now available to the general public. On the website of the SEC, you can locate this particular file. 9.40% of the company’s total shares are owned by those working within the company.
Several equity analysts have recently published research articles based on their investigations into the company. The “outperform” recommendation that William Blair has on shares of Thryv was included in a research note published on November 3 and November 3. In a research report that was made public on Monday, October 24, and October 24, B. Riley announced that they had reduced their price target for Thryv from $42.00 to $36.00. In addition, the research confirmed the researchers’ “buy” rating for the company. Finally, Robert W. Baird lowered their price objective for Thryv from $40.00 to $34.00 and gave the company an “outperform” rating in a research report published on November 7. The report was issued after the company had already received the rating. The report’s subject matter was the stock of the company.
NASDAQ: THRY was first available for trading on Friday with an opening price of $19.86. During the last twelve months, the price of a share of Thryv Holdings, Inc. has fluctuated between $17.30 and $35.43 at various points. There is a ratio of 1.03 debt to equity, 1.31 for the quick ratio, and 1.31 for the current ratio. Each of these ratios is also 1.31. Over the last 50 and 200 trading days, the price of a share of the company’s stock has fluctuated between $18.75 and $22. The company’s price-to-earnings ratio is 6.64, and its beta value is 0.95. The company currently has a market capitalization of 684.67 million dollars.
On November 3 November 3, the most recent quarterly earnings report for Thryv (NASDAQ: THRY) was made public for investors to view. The company’s earnings per share for the quarter came in at $0.37, which was $0.16 less than the $0.53 that analysts had anticipated the company would earn per share. The return on equity for Thryv was 29.21%, and the net margin for the company was 9.41%. The company’s most recent quarter’s revenue came in at $280.65 million, which is significantly higher than the consensus estimate of $260.11 million for that quarter’s revenue. Earnings-per-share revenue of $3.34 is anticipated to be generated by Thryv Holdings, Inc. for the current fiscal year, according to financial analysts’ projections.
Thryv Holdings offer both cloud-based tools and digital marketing services.