Key Points
- CEO Joe Walsh bought 15,000 shares at an average price of $2.91 on March 13, increasing his stake to 775,749 shares (a 1.97% rise) in a transaction disclosed via an SEC Form 4.
- Thryv shares are trading near $2.94 with a 12‑month range of $1.91–$15.74, and the company recently missed quarterly EPS expectations (reported ($0.22) vs. est. $0.40) while revenue roughly matched estimates.
- Institutional investors own about 96.38% of the stock, with several large funds (Paulson, MFS, Ancient Art, Brooktree, Charles Schwab) materially increasing positions amid mixed analyst ratings and an average target of $9.50.
Thryv Holdings, Inc. (NASDAQ:THRY - Get Free Report) CEO Joe Walsh bought 15,000 shares of the stock in a transaction that occurred on Friday, March 13th. The stock was acquired at an average cost of $2.91 per share, for a total transaction of $43,650.00. Following the purchase, the chief executive officer owned 775,749 shares of the company's stock, valued at $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 Securities & Exchange Commission, which is available at the SEC website.
Thryv Trading Down 1.0%
NASDAQ:THRY opened at $2.94 on Friday. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.00 and a quick ratio of 1.00. Thryv Holdings, Inc. has a 12-month low of $1.91 and a 12-month high of $15.74. The firm has a 50-day moving average price of $4.21 and a 200 day moving average price of $7.40.
Thryv (NASDAQ:THRY - Get Free Report) last released its quarterly earnings data 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). Thryv had a net margin of 0.04% and a return on equity of 0.14%. The company had revenue of $191.62 million for the quarter, compared to analyst estimates of $191.25 million. Equities research analysts predict that Thryv Holdings, Inc. will post -2.24 earnings per share for the current year.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the company. Paulson & CO. Inc. boosted its position in Thryv by 1.6% in the 4th quarter. Paulson & CO. Inc. now owns 4,347,070 shares of the company's stock valued at $26,300,000 after buying an additional 67,070 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Thryv by 27.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,822,888 shares of the company's stock valued at $17,078,000 after acquiring an additional 602,127 shares during the last quarter. Ancient Art L.P. increased its position in Thryv by 19.2% in the fourth quarter. Ancient Art L.P. now owns 1,560,908 shares of the company's stock worth $9,443,000 after purchasing an additional 251,449 shares during the period. Brooktree Capital Management raised its holdings in Thryv by 61.5% during the 4th quarter. Brooktree Capital Management now owns 1,358,938 shares of the company's stock worth $8,222,000 after purchasing an additional 517,597 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Thryv by 35.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,152,890 shares of the company's stock worth $6,975,000 after purchasing an additional 302,723 shares during the last quarter. Institutional investors and hedge funds own 96.38% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on THRY shares. Weiss Ratings reissued a "sell (d)" rating on shares of Thryv in a report on Monday, December 29th. Zacks Research raised shares of Thryv from a "strong sell" rating to a "hold" rating in a report on Monday, December 29th. Needham & Company LLC dropped their target price on shares of Thryv from $14.00 to $6.00 and set a "buy" rating for the company in a research report on Thursday, February 26th. Wall Street Zen downgraded shares of Thryv from a "buy" rating to a "hold" rating in a report on Saturday, February 14th. Finally, Royal Bank Of Canada reduced their price target on shares of Thryv from $13.00 to $7.00 and set a "sector perform" rating on the stock in a research report on Friday, February 20th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $9.50.
Get Our Latest Stock Report on Thryv
Thryv Company Profile
(
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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