Thryv Holdings, Inc. (NASDAQ:THRY) Shares Sold by Minerva Advisors LLC

Key Points

• Minerva Advisors LLC sold 21,500 shares of Thryv Holdings, reducing its holdings by 9.6%, with Thryv now representing about 1.6% of its portfolio.
• CEO Joe Walsh purchased 5,000 shares of Thryv stock at $13.40 each, increasing his ownership to 586,043 shares valued at approximately $7.85 million.
• Thryv reported $0.31 earnings per share in its last quarterly earnings, missing estimates and showing a 6.1% decrease in revenue compared to the previous year.

Minerva Advisors LLC lowered its position in Thryv Holdings, Inc. (NASDAQ:THRY - Free Report) by 9.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 202,329 shares of the company's stock after selling 21,500 shares during the quarter. Thryv accounts for approximately 1.6% of Minerva Advisors LLC's holdings, making the stock its 19th biggest holding. Minerva Advisors LLC owned about 0.46% of Thryv worth $2,592,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of THRY. Summit Investment Advisors Inc. raised its holdings in shares of Thryv by 27.7% during the 4th quarter. Summit Investment Advisors Inc. now owns 3,906 shares of the company's stock valued at $58,000 after purchasing an additional 848 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in Thryv during the fourth quarter worth $92,000. Clarus Group Inc. acquired a new stake in Thryv in the first quarter valued at $134,000. Arizona State Retirement System acquired a new stake in Thryv in the 1st quarter worth about $146,000. Finally, ProShare Advisors LLC bought a new position in Thryv in the 4th quarter valued at about $167,000. Institutional investors and hedge funds own 96.38% of the company's stock.

Insider Buying and Selling at Thryv

In other Thryv news, CEO Joe Walsh purchased 8,000 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The shares were bought at an average price of $12.90 per share, with a total value of $103,200.00. Following the completion of the purchase, the chief executive officer directly owned 592,232 shares in the company, valued at $7,639,792.80. This trade represents a 1.37% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 9.88% of the stock is owned by insiders.

Thryv Stock Down 5.8%

Shares of NASDAQ:THRY traded down $0.79 during midday trading on Thursday, reaching $12.96. 129,932 shares of the company were exchanged, compared to its average volume of 501,592. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.24. Thryv Holdings, Inc. has a fifty-two week low of $10.02 and a fifty-two week high of $20.92. The stock has a fifty day simple moving average of $12.73 and a two-hundred day simple moving average of $14.24. The firm has a market cap of $569.37 million, a PE ratio of -5.49 and a beta of 0.94.

Thryv (NASDAQ:THRY - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.31 earnings per share for the quarter, missing analysts' consensus estimates of $0.40 by ($0.09). The firm had revenue of $210.47 million for the quarter, compared to the consensus estimate of $203.87 million. Thryv had a negative net margin of 11.06% and a negative return on equity of 47.96%. The firm's revenue for the quarter was down 6.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.15 earnings per share. As a group, sell-side analysts forecast that Thryv Holdings, Inc. will post -2.24 earnings per share for the current year.

Analysts Set New Price Targets

THRY has been the topic of a number of research reports. Wall Street Zen upgraded shares of Thryv from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Royal Bank Of Canada decreased their target price on Thryv from $17.00 to $16.00 and set a "sector perform" rating for the company in a research report on Friday, May 2nd. B. Riley decreased their price target on Thryv from $30.00 to $26.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Finally, Needham & Company LLC dropped their price objective on Thryv from $28.00 to $20.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, Thryv has an average rating of "Moderate Buy" and an average price target of $21.40.

Thryv Profile

Thryv Holdings, Inc provides digital marketing solutions and cloud-based tools to the small-to-medium sized businesses in the United States. It operates through four segments: Thryv U.S. Marketing Services, Thryv U.S. SaaS, Thryv International Marketing Services, and Thryv International SaaS. The company provides print yellow pages, internet yellow pages, and search engine marketing; and other digital media solutions, such as online display and social advertising, online presence and video, and search engine optimization tools.