Key Points
- CEO Joe Walsh bought 25,000 Thryv shares at an average price of $1.80, investing $45,000 and increasing his holdings by 3.28% to 788,099 shares.
- Thryv’s stock opened at $1.83 and has fallen sharply from its 12-month high of $12.75. The company recently reported a quarterly loss of $0.38 per share, missing estimates, despite revenue exceeding expectations.
- Analyst sentiment is mixed, with a consensus “Hold” rating and an $8.50 price target; institutional investors and hedge funds own approximately 96.38% of the company’s shares.
Thryv Holdings, Inc. (NASDAQ:THRY - Get Free Report) CEO Joe Walsh bought 25,000 shares of Thryv stock in a transaction dated Friday, September 18th. The stock was purchased at an average cost of $1.80 per share, for a total transaction of $45,000.00. Following the purchase, the chief executive officer owned 788,099 shares of the company's stock, valued at approximately $1,418,578.20. This trade represents a 3.28% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Thryv Price Performance
THRY stock opened at $1.83 on Friday. The stock has a market cap of $81.33 million, a PE ratio of -4.95 and a beta of 0.84. Thryv Holdings, Inc. has a 12 month low of $1.76 and a 12 month high of $12.75. The company has a 50-day moving average price of $2.68 and a 200 day moving average price of $3.17. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.99.
Thryv (NASDAQ:THRY - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.28). Thryv had a negative return on equity of 7.36% and a negative net margin of 2.27%.The firm had revenue of $150.73 million during the quarter, compared to the consensus estimate of $145.98 million. Equities research analysts anticipate that Thryv Holdings, Inc. will post -0.36 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on THRY shares. Royal Bank Of Canada dropped their price objective on Thryv from $4.00 to $3.00 and set a "sector perform" rating for the company in a report on Wednesday, August 5th. Needham & Company LLC reiterated a "buy" rating on shares of Thryv in a research report on Tuesday, August 4th. Weiss Ratings lowered shares of Thryv from a "sell (d)" rating to a "sell (e+)" rating in a research note on Thursday, August 13th. Finally, Wall Street Zen cut shares of Thryv from a "hold" rating to a "sell" rating in a report on Saturday, August 8th. Two equities 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 stock. Based on data from MarketBeat, Thryv presently has a consensus rating of "Hold" and a consensus price target of $8.50.
Check Out Our Latest Stock Report on Thryv
Hedge Funds Weigh In On Thryv
Institutional investors have recently bought and sold shares of the business. Paulson & CO. Inc. lifted its holdings in Thryv by 94.2% during the first quarter. Paulson & CO. Inc. now owns 8,443,835 shares of the company's stock worth $23,136,000 after buying an additional 4,096,765 shares during the period. Luxor Capital Group LP increased its holdings in shares of Thryv by 36.5% in the 1st quarter. Luxor Capital Group LP now owns 1,131,235 shares of the company's stock valued at $3,100,000 after acquiring an additional 302,300 shares during the period. Wittenberg Investment Management Inc. increased its holdings in shares of Thryv by 331.1% in the 4th quarter. Wittenberg Investment Management Inc. now owns 395,234 shares of the company's stock valued at $2,391,000 after acquiring an additional 303,550 shares during the period. Ancient Art L.P. raised its position in shares of Thryv by 19.2% in the 4th quarter. Ancient Art L.P. now owns 1,560,908 shares of the company's stock worth $9,443,000 after acquiring an additional 251,449 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new stake in shares of Thryv during the 4th quarter worth $308,000. 96.38% of the stock is owned by hedge funds and other institutional investors.
Thryv Company Profile
(
Get Free Report)
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.
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