Insider Buying: Thryv Holdings, Inc. (NASDAQ:THRY) Director Buys 814 Shares of Stock

Key Points

• Thryv Holdings, Inc. Director Bonnie Kintzer purchased 814 shares of stock at a price of $12.32 each, totaling approximately $10,028, which increased her holdings by 2.69% to a value of around $382,178.
• Following the purchase, Thryv's stock rose 3.5%, reaching a price of $13.38, and the company has a market cap of approximately $587.92 million.
• Thryv reported a negative EPS of $0.31 for the last quarter, missing analyst expectations, and has a consensus rating of "Moderate Buy" with an average target price of $21.40.

Thryv Holdings, Inc. (NASDAQ:THRY - Get Free Report) Director Bonnie Kintzer purchased 814 shares of the company's stock in a transaction on Friday, August 1st. The stock was bought at an average cost of $12.32 per share, for a total transaction of $10,028.48. Following the acquisition, the director directly owned 31,021 shares of the company's stock, valued at $382,178.72. This represents a 2.69% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Thryv Stock Up 3.5%

Shares of Thryv stock traded up $0.45 on Tuesday, hitting $13.38. 528,324 shares of the company traded hands, compared to its average volume of 501,258. The company has a market cap of $587.92 million, a PE ratio of -5.65 and a beta of 0.94. Thryv Holdings, Inc. has a 12-month low of $10.02 and a 12-month high of $20.92. The company has a 50-day moving average price of $12.73 and a 200 day moving average price of $14.25. 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 (NASDAQ:THRY - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.40 by ($0.09). Thryv had a negative return on equity of 47.96% and a negative net margin of 11.06%. The business had revenue of $210.47 million during the quarter, compared to the consensus estimate of $203.87 million. During the same quarter in the prior year, the company posted $0.15 earnings per share. The company's revenue for the quarter was down 6.1% on a year-over-year basis. Sell-side analysts predict that Thryv Holdings, Inc. will post -2.24 earnings per share for the current year.

Institutional Investors Weigh In On Thryv

A number of hedge funds have recently bought and sold shares of the company. Paulson & CO. Inc. raised its position in shares of Thryv by 114.0% during the fourth quarter. Paulson & CO. Inc. now owns 4,280,000 shares of the company's stock valued at $63,344,000 after buying an additional 2,280,000 shares during the last quarter. Vanguard Group Inc. grew its stake in Thryv by 22.5% during the fourth quarter. Vanguard Group Inc. now owns 2,983,416 shares of the company's stock worth $44,155,000 after buying an additional 548,864 shares during the last quarter. Massachusetts Financial Services Co. MA bought a new stake in Thryv during the first quarter worth about $30,209,000. Allspring Global Investments Holdings LLC grew its stake in Thryv by 0.3% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,111,892 shares of the company's stock worth $13,999,000 after buying an additional 2,957 shares during the last quarter. Finally, J. Goldman & Co LP bought a new stake in shares of Thryv during the fourth quarter valued at approximately $13,654,000. 96.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

About Thryv

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.

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