Key Points
- Director Lou Orfanos bought 5,000 shares of Thryv on March 18 at $2.60 each (about $13,000), increasing his stake 45.31% to 16,035 shares; the purchase was disclosed in an SEC filing.
- Thryv reported a quarterly loss of ($0.22) per share, missing the $0.40 estimate while revenue of $191.62M roughly matched expectations, and analysts' consensus rating is Hold with an average price target of $9.50.
- Institutional ownership is high at 96.38%, and several funds (including Russell Investments, Tower Research and Quarry LP) materially increased their Thryv positions in recent quarters.
Thryv Holdings, Inc. (NASDAQ:THRY - Get Free Report) Director Lou Orfanos bought 5,000 shares of the stock in a transaction that occurred on Wednesday, March 18th. The shares were purchased at an average price of $2.60 per share, for a total transaction of $13,000.00. Following the completion of the acquisition, the director owned 16,035 shares of the company's stock, valued at $41,691. The trade was a 45.31% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Thryv Price Performance
NASDAQ THRY opened at $2.97 on Tuesday. 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 firm's fifty day moving average price is $3.85 and its two-hundred day moving average price is $6.90. Thryv Holdings, Inc. has a 1 year low of $1.91 and a 1 year high of $15.60.
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 the consensus estimate of $0.40 by ($0.62). The firm 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%. Equities research analysts expect that Thryv Holdings, Inc. will post -2.24 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on THRY. Wall Street Zen lowered Thryv from a "buy" rating to a "hold" rating in a research note on Saturday, February 14th. Zacks Research raised Thryv from a "strong sell" rating to a "hold" rating in a report on Monday, December 29th. 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. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Thryv in a report on Monday, December 29th. Finally, Needham & Company LLC reduced their price objective 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. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $9.50.
Read Our Latest Analysis on THRY
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of THRY. Russell Investments Group Ltd. raised its stake in Thryv by 2,516.8% in the third 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 grew its stake in Thryv by 526.1% during the second quarter. Tower Research Capital LLC TRC now owns 4,239 shares of the company's stock worth $52,000 after buying an additional 3,562 shares in the last quarter. Quarry LP grew its stake in Thryv by 787.2% during the third quarter. Quarry LP now owns 5,066 shares of the company's stock worth $61,000 after buying an additional 4,495 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in Thryv by 98.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 5,571 shares of the company's stock valued at $68,000 after buying an additional 2,764 shares during the period. Finally, State of Wyoming acquired a new position in shares of Thryv in the 3rd quarter valued at approximately $82,000. Institutional investors own 96.38% of the company's stock.
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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