Harspring Capital Management LLC Has $10.94 Million Holdings in Thryv Holdings, Inc. (NASDAQ:THRY)

Harspring Capital Management LLC boosted its stake in Thryv Holdings, Inc. (NASDAQ:THRY) by 51.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 635,000 shares of the company’s stock after purchasing an additional 215,000 shares during the period. Thryv comprises approximately 2.6% of Harspring Capital Management LLC’s investment portfolio, making the stock its 13th biggest position. Harspring Capital Management LLC owned approximately 1.51% of Thryv worth $10,941,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. KBC Group NV lifted its position in shares of Thryv by 97.8% in the 3rd quarter. KBC Group NV now owns 2,868 shares of the company’s stock worth $49,000 after purchasing an additional 1,418 shares during the period. Point72 DIFC Ltd acquired a new position in Thryv in the second quarter valued at $100,000. Zurcher Kantonalbank Zurich Cantonalbank boosted 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 acquiring an additional 3,303 shares during the last quarter. Quest Partners LLC bought a new stake in Thryv during the second quarter valued at $143,000. Finally, XTX Topco Ltd acquired a new stake in Thryv during the 2nd quarter worth about $190,000. 96.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

THRY has been the topic of several research analyst reports. Robert W. Baird cut their target price on Thryv from $25.00 to $20.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. Needham & Company LLC restated a “buy” rating and set a $28.00 price target on shares of Thryv in a report on Friday, November 8th. Finally, Craig Hallum assumed coverage on shares of Thryv in a research note on Wednesday, October 2nd. They issued a “buy” rating and a $25.00 price objective for the company.

Thryv Price Performance

Shares of Thryv stock opened at $16.09 on Tuesday. The business has a 50-day simple moving average of $16.14 and a 200 day simple moving average of $17.77. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 2.70. Thryv Holdings, Inc. has a one year low of $13.06 and a one year high of $26.42.

Thryv (NASDAQ:THRY) last issued its earnings results on Thursday, November 7th. The company reported ($2.65) earnings per share for the quarter, missing analysts’ consensus estimates of ($2.53) by ($0.12). Thryv had a negative return on equity of 42.95% and a negative net margin of 38.87%. The firm had revenue of $179.85 million for the quarter, compared to analyst estimates of $179.24 million. During the same period in the previous year, the company earned ($0.78) earnings per share. Thryv’s revenue for the quarter was down 2.2% compared to the same quarter last year. As a group, analysts anticipate that Thryv Holdings, Inc. will post -2.17 earnings per share for the current fiscal year.

Thryv 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.