Is Thryv Holdings (THRY) on Track to be More Profitable?

Laughing Water Capital, an investment management company, released its first-quarter 2024 investor letter. A copy of the same can be downloaded here. In the first quarter, investment in the fund returned 8.4% after all fees and expenses compared to 10.6% and 5.2% returns for the SP500TR and R2000 during the quarter, respectively. In addition, you can check the top 5 holdings of the fund to know its best picks in 2024.

Laughing Water Capital featured stocks like Thryv Holdings, Inc. (NASDAQ:THRY) in the first quarter 2024 investor letter. Thryv Holdings, Inc. (NASDAQ:THRY) is a digital marketing solutions and cloud-based tools provider headquartered in DFW Airport, Texas. On May 2, 2024, Thryv Holdings, Inc. (NASDAQ:THRY) stock closed at $24.17 per share. One-month return of Thryv Holdings, Inc. (NASDAQ:THRY) was 10.62%, and its shares gained 13.74% of their value over the last 52 weeks. Thryv Holdings, Inc. (NASDAQ:THRY) has a market capitalization of $866.03 million.

Laughing Water Capital stated the following regarding Thryv Holdings, Inc. (NASDAQ:THRY) in its first quarter 2024 investor letter:

“Thryv Holdings, Inc. (NASDAQ:THRY) – Thryv, our SMB software company that is sprouting from the clearly declining Yellow Pages business, has received criticism from the chattering classes after reporting that their customer count was flat in the most recent quarter. The assumption from the under-informed is that growth has stopped, and therefore Thryv is doomed. Those that dig deeper will find that nothing could be further from the truth, and Thryv is likely now on track to be more profitable than I expected on an accelerated timeline. For existing LPs, more detailed information on THRY can be found under separate cover. For those considering an investment, please do not hesitate to reach out if you would like access to this piece.”

A businessperson using a mobile device to illustrate the use of Thryv’s end-to-end customer experience platform.

Thryv Holdings, Inc. (NASDAQ:THRY) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 14 hedge fund portfolios held Thryv Holdings, Inc. (NASDAQ:THRY) at the end of the fourth quarter which was 18 in the previous quarter.

We previously discussed Thryv Holdings, Inc. (NASDAQ:THRY) in another article, where we shared Greystone Capital Management’s views on the company. In addition, please check out our hedge fund investor letters Q1 2024 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.