Insider Buying: Thryv (NASDAQ:THRY) CFO Buys $15,660.00 in Stock

Thryv Holdings, Inc. (NASDAQ:THRY) CFO Paul Rouse bought 6,000 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The stock was purchased at an average cost of $2.61 per share, with a total value of $15,660.00. Following the transaction, the chief financial officer directly owned 355,079 shares in the company, valued at approximately $926,756.19. This represents a 1.72% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Thryv Trading Down 4.2%

THRY opened at $3.18 on Friday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.00 and a current ratio of 1.00. Thryv Holdings, Inc. has a 52 week low of $1.91 and a 52 week high of $17.10. The business has a 50 day moving average of $4.50 and a 200-day moving average of $7.75.

Thryv (NASDAQ:THRY) last issued its quarterly earnings results on Thursday, February 26th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.62). The firm had revenue of $191.62 million during the quarter, compared to analysts’ expectations of $191.25 million. Thryv had a return on equity of 0.14% and a net margin of 0.04%. As a group, research analysts predict that Thryv Holdings, Inc. will post -2.24 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on THRY shares. Royal Bank Of Canada decreased their price target on shares of Thryv from $13.00 to $7.00 and set a “sector perform” rating for the company in a research note on Friday, February 20th. Needham & Company LLC dropped their price objective on shares of Thryv from $14.00 to $6.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Zacks Research upgraded shares of Thryv from a “strong sell” rating to a “hold” rating in a report on Monday, December 29th. Wall Street Zen downgraded shares of Thryv from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Thryv in a report on Monday, December 29th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $9.50.

Institutional Trading of Thryv

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Paulson & CO. Inc. raised its holdings in Thryv by 1.6% in the fourth quarter. Paulson & CO. Inc. now owns 4,347,070 shares of the company’s stock worth $26,300,000 after buying an additional 67,070 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Thryv by 27.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,822,888 shares of the company’s stock valued at $17,078,000 after buying an additional 602,127 shares during the last quarter. Ancient Art L.P. increased its position in shares of Thryv by 19.2% during the fourth quarter. Ancient Art L.P. now owns 1,560,908 shares of the company’s stock valued at $9,443,000 after acquiring an additional 251,449 shares in the last quarter. Brooktree Capital Management increased its position in shares of Thryv by 61.5% during the fourth quarter. Brooktree Capital Management now owns 1,358,938 shares of the company’s stock valued at $8,222,000 after acquiring an additional 517,597 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Thryv by 35.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,152,890 shares of the company’s stock worth $6,975,000 after acquiring an additional 302,723 shares during the last quarter. 96.38% of the stock is currently owned by institutional investors.

Thryv Company Profile

Thryv Holdings, Inc (NASDAQ:THRY) is a software and technology solutions provider focused on helping small- and medium-sized businesses manage customer relationships, marketing and communications, appointments and payments through a unified platform. Headquartered in Dallas, Texas, the company delivers cloud-based software designed to simplify administrative tasks and enable business owners to engage with customers across multiple channels.

At the core of Thryv’s offerings is its flagship Thryv software platform, which combines customer relationship management (CRM) tools, automated marketing and social media management, online scheduling, invoicing and payment processing.