Lou Orfanos Purchases 5,000 Shares of Thryv (NASDAQ:THRY) Stock

Thryv Holdings, Inc. (NASDAQ:THRY) Director Lou Orfanos purchased 5,000 shares of the stock in a transaction dated Wednesday, March 18th. The shares were acquired at an average price of $2.60 per share, with a total value of $13,000.00. Following the transaction, the director owned 16,035 shares in the company, valued at $41,691. This trade represents a 45.31% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Thryv Price Performance

NASDAQ THRY traded up $0.19 during trading hours on Monday, hitting $2.97. The company’s stock had a trading volume of 679,413 shares, compared to its average volume of 1,283,542. Thryv Holdings, Inc. has a twelve month low of $1.91 and a twelve month high of $15.60. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.08. The stock has a fifty day moving average of $3.90 and a 200 day moving average of $6.97.

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

Institutional Investors Weigh In On Thryv

A number of hedge funds have recently modified their holdings of the business. Russell Investments Group Ltd. lifted its holdings in shares of Thryv by 2,516.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 3,114 shares of the company’s stock valued at $38,000 after purchasing an additional 2,995 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in Thryv by 526.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,239 shares of the company’s stock worth $52,000 after purchasing an additional 3,562 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in Thryv during the 4th quarter worth approximately $59,000. Quarry LP raised its holdings in Thryv by 787.2% during the 3rd quarter. Quarry LP now owns 5,066 shares of the company’s stock worth $61,000 after buying an additional 4,495 shares during the period. Finally, Quotient Wealth Partners LLC bought a new position in Thryv in the fourth quarter valued at approximately $63,000. Institutional investors and hedge funds own 96.38% of the company’s stock.

Analyst Ratings Changes

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