Thryv (NASDAQ:THRY) Announces Earnings Results

Thryv (NASDAQ:THRY) posted its earnings results on Thursday. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.16, FiscalAI reports. The business had revenue of $167.68 million for the quarter, compared to analysts’ expectations of $161.69 million. Thryv had a net margin of 0.04% and a return on equity of 0.14%.

Here are the key takeaways from Thryv’s conference call:

• 70% SaaS scale: SaaS revenue was $116.7M (+5% YoY), now represents 70% of company revenue, with ARPU up 13% to $378/month and annualized client spend above $4,500 across ~96,000 SaaS subscribers.
• Marketing Center & AI traction: Marketing Center grew ~30% YoY and multiple AI capabilities (image generation, lead scoring, AI-guided dashboard, etc.) are live with strong early adoption, which management says is increasing engagement and stickiness.
• Margin compression and EBITDA miss: SaaS adjusted gross margin of 67% and adjusted EBITDA came in below guidance due primarily to a deliberate upgrade of low?margin digital agency customers onto SaaS without price changes.
• Marketing Services decline: Marketing Services billings fell 33% YoY as the company intentionally migrates legacy customers to SaaS; management plans to exit marketing services by 2028 with cash flows lasting through 2030, signaling near?term revenue decline in that segment.
• Guidance and balance sheet: Management raised the low end of full?year SaaS revenue to $463M–$471M, maintained SaaS adjusted EBITDA guidance of $70M–$75M, reported net debt of $258M (1.7x leverage), and expects overall top?line growth to resume in 2027.

Thryv Trading Up 8.5%

THRY traded up $0.30 during trading on Friday, hitting $3.88. The company’s stock had a trading volume of 631,490 shares, compared to its average volume of 1,090,925. The business’s 50 day simple moving average is $3.06 and its 200-day simple moving average is $5.22. Thryv has a one year low of $1.91 and a one year high of $15.49. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.08.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on THRY shares. Needham & Company LLC lowered their price objective on shares of Thryv from $14.00 to $6.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Zacks Research raised shares of Thryv from a “strong sell” rating to a “hold” rating in a research report on Monday. Wall Street Zen cut Thryv from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Royal Bank Of Canada dropped their price target on Thryv from $13.00 to $7.00 and set a “sector perform” rating on the stock in a research note on Friday, February 20th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Thryv in a report on Friday, April 17th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $9.50.

Insiders Place Their Bets

In related news, CEO Joe Walsh acquired 15,000 shares of Thryv stock in a transaction dated Friday, March 13th. The stock was purchased at an average cost of $2.91 per share, for a total transaction of $43,650.00. Following the purchase, the chief executive officer directly owned 775,749 shares of the company’s stock, valued at approximately $2,257,429.59. This trade represents a 1.97% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Paul D. Rouse acquired 14,000 shares of Thryv stock in a transaction dated Monday, March 2nd. The stock was bought at an average price of $2.35 per share, with a total value of $32,900.00. Following the completion of the purchase, the chief financial officer directly owned 349,079 shares in the company, valued at $820,335.65. This represents a 4.18% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders have bought 45,000 shares of company stock valued at $120,250. Insiders own 9.88% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in THRY. Russell Investments Group Ltd. grew its stake 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 acquiring an additional 2,995 shares during the period. Tower Research Capital LLC TRC raised 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 acquiring an additional 3,562 shares during the period. Meeder Asset Management Inc. purchased a new position in Thryv during the fourth quarter valued at approximately $59,000. Quarry LP boosted its position in shares of Thryv by 787.2% in the third quarter. Quarry LP now owns 5,066 shares of the company’s stock worth $61,000 after purchasing an additional 4,495 shares during the period. Finally, BNP Paribas Financial Markets boosted its position in shares of Thryv by 98.5% in the second quarter. BNP Paribas Financial Markets now owns 5,571 shares of the company’s stock worth $68,000 after purchasing an additional 2,764 shares during the period. Institutional investors own 96.38% of the company’s stock.

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.