Thryv (NASDAQ:THRY) CFO Paul Rouse Buys 14,000 Shares

Thryv Holdings, Inc. (NASDAQ:THRY) CFO Paul Rouse acquired 14,000 shares of Thryv stock in a transaction dated Monday, March 2nd. The stock was purchased at an average price of $2.35 per share, with a total value of $32,900.00. Following the completion of the purchase, the chief financial officer directly owned 349,079 shares of the company’s stock, valued at $820,335.65. The trade was a 4.18% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Thryv Stock Performance

THRY traded up $0.20 during trading on Thursday, hitting $3.39. The stock had a trading volume of 846,175 shares, compared to its average volume of 1,310,279. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.00 and a current ratio of 1.00. Thryv Holdings, Inc. has a 12 month low of $1.91 and a 12 month high of $17.10. The company has a 50 day simple moving average of $4.62 and a 200-day simple moving average of $7.86.

Thryv (NASDAQ:THRY) last posted its quarterly earnings data on Thursday, February 26th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.62). The business had revenue of $191.62 million during the quarter, compared to the consensus estimate of $191.25 million. Thryv had a return on equity of 0.14% and a net margin of 0.04%. On average, sell-side analysts expect that Thryv Holdings, Inc. will post -2.24 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of THRY. CenterBook Partners LP raised its holdings in shares of Thryv by 93.4% in the second quarter. CenterBook Partners LP now owns 859,954 shares of the company’s stock valued at $10,457,000 after buying an additional 415,282 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Thryv in the 2nd quarter valued at about $128,000. First Eagle Investment Management LLC raised its stake in shares of Thryv by 108.4% in the second quarter. First Eagle Investment Management LLC now owns 585,316 shares of the company’s stock worth $7,117,000 after acquiring an additional 304,500 shares during the last quarter. S Squared Technology LLC raised its stake in shares of Thryv by 50.3% in the second quarter. S Squared Technology LLC now owns 444,268 shares of the company’s stock worth $5,402,000 after acquiring an additional 148,675 shares during the last quarter. Finally, Wittenberg Investment Management Inc. lifted its position in shares of Thryv by 26.3% during the second quarter. Wittenberg Investment Management Inc. now owns 102,184 shares of the company’s stock worth $1,243,000 after purchasing an additional 21,250 shares in the last quarter. 96.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently issued reports on THRY. Needham & Company LLC dropped their price objective on shares of Thryv from $14.00 to $6.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Wall Street Zen lowered Thryv from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Weiss Ratings reiterated a “sell (d)” rating on shares of Thryv in a research report on Monday, December 29th. Zacks Research raised Thryv from a “strong sell” rating to a “hold” rating in a report on Monday, December 29th. Finally, Royal Bank Of Canada cut their target price on Thryv from $13.00 to $7.00 and set a “sector perform” rating for the company in a research note on Friday, February 20th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $9.50.

About Thryv

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.