Thryv (NASDAQ:THRY) CEO Joe Walsh Acquires 25,000 Shares

Thryv Holdings, Inc. (NASDAQ:THRY) CEO Joe Walsh acquired 25,000 shares of the stock in a transaction dated Friday, September 18th. The stock was acquired at an average price of $1.80 per share, for a total transaction of $45,000.00. Following the completion of the transaction, the chief executive officer directly owned 788,099 shares of the company’s stock, valued at approximately $1,418,578.20. This represents a 3.28% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Thryv Stock Performance

NASDAQ THRY opened at $1.83 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.99. Thryv Holdings, Inc. has a twelve month low of $1.76 and a twelve month high of $12.75. The business has a 50-day moving average price of $2.68 and a 200-day moving average price of $3.17. The firm has a market cap of $81.33 million, a price-to-earnings ratio of -4.95 and a beta of 0.84.

Thryv (NASDAQ:THRY) last issued its earnings results 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 net margin of 2.27% and a negative return on equity of 7.36%. The business had revenue of $150.73 million for the quarter, compared to the consensus estimate of $145.98 million. As a group, equities research analysts predict that Thryv Holdings, Inc. will post -0.36 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Royal Bank Of Canada lowered their target price on shares of Thryv from $4.00 to $3.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 5th. Needham & Company LLC reaffirmed a “buy” rating on shares of Thryv in a research note on Tuesday, August 4th. Wall Street Zen downgraded shares of Thryv from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Finally, Weiss Ratings cut shares of Thryv from a “sell (d)” rating to a “sell (e+)” rating in a research note on Thursday, August 13th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $8.50.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. raised its position in Thryv by 53.4% during the first quarter. Meeder Asset Management Inc. now owns 15,008 shares of the company’s stock valued at $41,000 after purchasing an additional 5,226 shares during the period. State of Wyoming lifted its stake in shares of Thryv by 18.8% in the 1st quarter. State of Wyoming now owns 46,712 shares of the company’s stock valued at $128,000 after purchasing an additional 7,395 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of Thryv by 6.7% in the 1st quarter. Empowered Funds LLC now owns 159,493 shares of the company’s stock worth $437,000 after purchasing an additional 10,015 shares during the period. Amundi boosted its holdings in shares of Thryv by 54.9% in the 1st quarter. Amundi now owns 30,644 shares of the company’s stock worth $84,000 after purchasing an additional 10,860 shares during the period. Finally, Catalyst Funds Management Pty Ltd bought a new position in shares of Thryv during the 4th quarter valued at approximately $67,000. Hedge funds and other institutional investors own 96.38% of the company’s stock.

About Thryv

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.