S Squared Technology LLC Buys 148,675 Shares of Thryv Holdings, Inc. $THRY

S Squared Technology LLC grew its stake in Thryv Holdings, Inc. (NASDAQ:THRY) by 50.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 444,268 shares of the company’s stock after buying an additional 148,675 shares during the period. Thryv accounts for about 2.3% of S Squared Technology LLC’s holdings, making the stock its 15th biggest holding. S Squared Technology LLC owned 1.01% of Thryv worth $5,402,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Principal Financial Group Inc. boosted its holdings in Thryv by 2.4% in the first quarter. Principal Financial Group Inc. now owns 201,186 shares of the company’s stock valued at $2,577,000 after acquiring an additional 4,664 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Thryv by 4.9% in the 1st quarter. Bank of New York Mellon Corp now owns 216,677 shares of the company’s stock worth $2,776,000 after purchasing an additional 10,176 shares during the period. Arizona State Retirement System acquired a new position in shares of Thryv in the 1st quarter worth approximately $146,000. New York State Common Retirement Fund boosted its stake in shares of Thryv by 4.5% in the 1st quarter. New York State Common Retirement Fund now owns 29,974 shares of the company’s stock valued at $384,000 after purchasing an additional 1,300 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA acquired a new stake in shares of Thryv during the first quarter worth $30,209,000. 96.38% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. B. Riley dropped their target price on shares of Thryv from $26.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Wall Street Zen lowered Thryv from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Zacks Research downgraded Thryv from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 4th. William Blair lowered Thryv from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 4th. Finally, Craig Hallum downgraded Thryv from a “buy” rating to a “hold” rating and set a $10.00 target price for the company. in a report on Friday, October 31st. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $13.00.

Thryv Stock Down 9.0%

Shares of NASDAQ:THRY opened at $6.26 on Monday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.15 and a current ratio of 1.15. Thryv Holdings, Inc. has a 52-week low of $6.21 and a 52-week high of $20.92. The business’s 50 day simple moving average is $11.33 and its two-hundred day simple moving average is $12.46. The firm has a market cap of $272.81 million, a P/E ratio of 15.27 and a beta of 0.89.

Thryv (NASDAQ:THRY) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.30). Thryv had a net margin of 2.29% and a return on equity of 8.64%. The firm had revenue of $201.56 million for the quarter, compared to the consensus estimate of $200.81 million. During the same quarter in the prior year, the firm earned ($2.65) EPS. The company’s revenue was up 12.1% compared to the same quarter last year. Thryv has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, research analysts forecast that Thryv Holdings, Inc. will post -2.24 EPS for the current fiscal year.

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.