Key Points
- CFO Paul Rouse purchased 6,000 shares at an average price of $2.61 (total $15,660), bringing his direct ownership to 355,079 shares (a 1.72% increase), according to an SEC filing.
- Thryv reported quarterly EPS of ($0.22), missing the $0.40 consensus while revenue of $191.62M was roughly in line, and analysts hold a consensus “Hold” rating with an average price target of $9.50 after several target cuts.
- The stock rose about 6.3% to $3.39 on the day, trading below its 50‑day ($4.62) and 200‑day ($7.86) moving averages and inside a 52‑week range of $1.91–$17.10.
Thryv Holdings, Inc. (NASDAQ:THRY - Get Free Report) CFO Paul Rouse purchased 6,000 shares of the business's stock in a transaction dated Tuesday, March 3rd. The stock was bought at an average price of $2.61 per share, with a total value of $15,660.00. Following the acquisition, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Thryv Stock Up 6.3%
THRY stock traded up $0.20 during trading on Thursday, reaching $3.39. 846,175 shares of the company were exchanged, compared to its average volume of 1,310,279. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.08. The stock's 50 day moving average price is $4.62 and its 200 day moving average price is $7.86. Thryv Holdings, Inc. has a 52-week low of $1.91 and a 52-week high of $17.10.
Thryv (NASDAQ:THRY - Get Free Report) last posted its quarterly earnings results on Thursday, February 26th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.40 by ($0.62). The company had revenue of $191.62 million for 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%. As a group, equities research analysts forecast that Thryv Holdings, Inc. will post -2.24 EPS for the current year.
Analysts Set New Price Targets
A number of research analysts have recently weighed in on THRY shares. Royal Bank Of Canada dropped their price target on Thryv from $13.00 to $7.00 and set a "sector perform" rating for the company in a research report on Friday, February 20th. Weiss Ratings restated a "sell (d)" rating on shares of Thryv in a report on Monday, December 29th. Zacks Research upgraded shares of 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 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. Finally, Wall Street Zen downgraded Thryv from a "buy" rating to a "hold" rating in a research report on Saturday, February 14th. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Thryv has a consensus rating of "Hold" and an average price target of $9.50.
View Our Latest Stock Analysis on THRY
Institutional Investors Weigh In On Thryv
A number of hedge funds and other institutional investors have recently modified their holdings of THRY. AQR Capital Management LLC lifted its stake in shares of Thryv by 11.0% during the first quarter. AQR Capital Management LLC now owns 69,842 shares of the company's stock valued at $895,000 after buying an additional 6,917 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Thryv by 6.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,514 shares of the company's stock valued at $288,000 after acquiring an additional 1,351 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Thryv by 46.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 376,141 shares of the company's stock worth $4,818,000 after purchasing an additional 119,167 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in shares of Thryv during the second quarter worth $502,000. Finally, Pinnacle Associates Ltd. grew its position in shares of Thryv by 28.3% in the second quarter. Pinnacle Associates Ltd. now owns 72,431 shares of the company's stock valued at $881,000 after purchasing an additional 15,975 shares during the period. 96.38% of the stock is currently owned by hedge funds and other institutional investors.
About Thryv
(
Get Free Report)
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.
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