Thryv (NASDAQ:THRY) CEO Acquires 15,000 Shares

Thryv Holdings, Inc. (NASDAQ:THRY) CEO Joe Walsh acquired 15,000 shares of the stock in a transaction on Friday, March 13th. The shares were purchased at an average price of $2.91 per share, for a total transaction of $43,650.00. Following the transaction, the chief executive officer directly owned 775,749 shares in the company, valued at approximately $2,257,429.59. This trade represents a 1.97% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

Thryv Stock Performance

NASDAQ THRY traded down $0.03 during trading on Friday, reaching $2.94. The company’s stock had a trading volume of 947,298 shares, compared to its average volume of 1,274,925. The firm has a 50 day moving average price of $4.27 and a 200 day moving average price of $7.47. Thryv Holdings, Inc. has a 12 month low of $1.91 and a 12 month high of $15.74. 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 (NASDAQ:THRY) last released its quarterly earnings results on Thursday, February 26th. The company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.62). The business had revenue of $191.62 million during the quarter, compared to analyst estimates of $191.25 million. Thryv had a net margin of 0.04% and a return on equity of 0.14%. Sell-side analysts expect that Thryv Holdings, Inc. will post -2.24 earnings per share for the current fiscal year.

Institutional Trading of Thryv

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Ancient Art L.P. boosted its holdings in Thryv by 468.2% in the third quarter. Ancient Art L.P. now owns 1,309,459 shares of the company’s stock valued at $15,792,000 after acquiring an additional 1,079,016 shares during the last quarter. American Century Companies Inc. raised its holdings in Thryv by 1,010.8% during the 2nd quarter. American Century Companies Inc. now owns 864,246 shares of the company’s stock worth $10,509,000 after purchasing an additional 786,445 shares during the last quarter. Millennium Management LLC lifted its position in shares of Thryv by 2,101.2% in the 4th quarter. Millennium Management LLC now owns 740,909 shares of the company’s stock worth $4,482,000 after purchasing an additional 707,250 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of Thryv by 27.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,822,888 shares of the company’s stock valued at $17,078,000 after purchasing an additional 602,127 shares during the last quarter. Finally, Jane Street Group LLC increased its position in shares of Thryv by 842.1% during the fourth quarter. Jane Street Group LLC now owns 653,650 shares of the company’s stock worth $3,955,000 after buying an additional 584,269 shares during the period. 96.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

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.