Thryv (NASDAQ:THRY) CEO Acquires $45,000.00 in Stock

Thryv Holdings, Inc. (NASDAQ:THRY) CEO Joe Walsh bought 25,000 shares of the stock in a transaction dated Friday, September 18th. The shares were acquired at an average price of $1.80 per share, for a total transaction of $45,000.00. Following the completion of the purchase, the chief executive officer directly owned 788,099 shares in the company, valued at approximately $1,418,578.20. This trade represents a 3.28% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Thryv Stock Performance

Shares of THRY stock traded up $0.04 during trading hours on Friday, hitting $1.89. 564,910 shares of the company were exchanged, compared to its average volume of 929,663. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $83.77 million, a price-to-earnings ratio of -5.15 and a beta of 0.84. The firm has a fifty day simple moving average of $2.72 and a 200 day simple moving average of $3.18. Thryv Holdings, Inc. has a 52-week low of $1.76 and a 52-week high of $12.75.

Thryv (NASDAQ:THRY) last announced its quarterly earnings data on Tuesday, August 4th. The company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.28). The firm had revenue of $150.73 million for the quarter, compared to the consensus estimate of $145.98 million. Thryv had a negative net margin of 2.27% and a negative return on equity of 7.36%. Research analysts predict that Thryv Holdings, Inc. will post -0.36 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Needham & Company LLC reiterated a “buy” rating on shares of Thryv in a research report on Tuesday, August 4th. Royal Bank Of Canada decreased their price target on shares of Thryv from $4.00 to $3.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 5th. Weiss Ratings lowered shares of Thryv from a “sell (d)” rating to a “sell (e+)” rating in a report on Thursday, August 13th. Finally, Wall Street Zen lowered shares of Thryv from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $8.50.

Institutional Trading of Thryv

A number of institutional investors have recently modified their holdings of the company. Paulson & CO. Inc. lifted its position in Thryv by 94.2% in the 1st quarter. Paulson & CO. Inc. now owns 8,443,835 shares of the company’s stock valued at $23,136,000 after acquiring an additional 4,096,765 shares in the last quarter. Wittenberg Investment Management Inc. lifted its position in Thryv by 331.1% during the fourth quarter. Wittenberg Investment Management Inc. now owns 395,234 shares of the company’s stock valued at $2,391,000 after purchasing an additional 303,550 shares during the period. Luxor Capital Group LP grew its position in Thryv by 36.5% in the 1st quarter. Luxor Capital Group LP now owns 1,131,235 shares of the company’s stock worth $3,100,000 after purchasing an additional 302,300 shares during the period. Ancient Art L.P. raised its stake in Thryv by 19.2% during the 4th quarter. Ancient Art L.P. now owns 1,560,908 shares of the company’s stock valued at $9,443,000 after buying an additional 251,449 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new position in shares of Thryv during the 2nd quarter valued at $512,000. 96.38% of the stock is currently owned by hedge funds and other institutional investors.

Thryv Company Profile

Thryv Holdings, Inc provides business management software and digital marketing services for small and medium-sized businesses. Its Thryv platform is designed to help businesses manage customer communications, appointments, estimates, invoices, payments, online reviews and marketing activities from a centralized system.

The company’s products and services include customer relationship management tools, scheduling and calendar capabilities, payment processing, email and text messaging, website and social media management, search engine optimization, online reputation management and digital advertising.