Joe Walsh Buys 15,000 Shares of Thryv (NASDAQ:THRY) Stock

Key Points

• Joe Walsh, Thryv’s CEO, bought 15,000 shares on March 13 at an average price of $2.91, increasing his direct holding to 775,749 shares; the purchase was disclosed in an SEC filing.
• Thryv missed on the latest quarter with EPS of ($0.22) vs. $0.40 expected while revenue was roughly in line at $191.6M, and analysts now forecast -2.24 EPS for the fiscal year with a consensus rating of Hold (target $9.50).
• THRY traded at $2.94 (down ~1%), sits well below its 50-day and 200-day averages ($4.27 and $7.47) with a 52-week range of $1.91–$15.74, and about 96.38% of shares are institutionally owned.

Thryv Holdings, Inc. (NASDAQ:THRY - Get Free Report) CEO Joe Walsh acquired 15,000 shares of the stock in a transaction dated Friday, March 13th. The shares were bought at an average cost of $2.91 per share, with a total value of $43,650.00. Following the transaction, the chief executive officer directly owned 775,749 shares of the company's stock, valued at $2,257,429.59. This represents a 1.97% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Thryv Stock Down 1.0%

THRY traded down $0.03 during trading on Friday, hitting $2.94. The company had a trading volume of 947,298 shares, compared to its average volume of 1,274,925. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.08. Thryv Holdings, Inc. has a one year low of $1.91 and a one year high of $15.74. The firm's 50-day moving average price is $4.27 and its 200 day moving average price is $7.47.

Thryv (NASDAQ:THRY - Get Free Report) last released its quarterly earnings results on Thursday, February 26th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.62). The firm had revenue of $191.62 million during the quarter, compared to analyst estimates of $191.25 million. Thryv had a net margin of 0.04% and a return on equity of 0.14%. As a group, equities research analysts predict that Thryv Holdings, Inc. will post -2.24 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on THRY. Royal Bank Of Canada lowered their price objective on shares of Thryv from $13.00 to $7.00 and set a "sector perform" rating on the stock in a report on Friday, February 20th. Wall Street Zen downgraded shares of Thryv from a "buy" rating to a "hold" rating in a research note on Saturday, February 14th. Zacks Research upgraded Thryv from a "strong sell" rating to a "hold" rating in a report on Monday, December 29th. Weiss Ratings reissued a "sell (d)" rating on shares of Thryv in a research report on Monday, December 29th. Finally, Needham & Company LLC lowered their price target on Thryv from $14.00 to $6.00 and set a "buy" rating on the stock in a research report on Thursday, February 26th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $9.50.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in THRY. Alpine Global Management LLC acquired a new stake in Thryv during the 4th quarter valued at $179,000. Aristides Capital LLC bought a new stake in shares of Thryv during the 4th quarter worth about $210,000. Mercer Global Advisors Inc. ADV acquired a new position in Thryv in the 4th quarter valued at about $79,000. Mackenzie Financial Corp bought a new position in Thryv in the 4th quarter valued at about $106,000. Finally, Empowered Funds LLC bought a new position in Thryv in the 4th quarter valued at about $904,000. 96.38% of the stock is currently owned by institutional investors.

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.

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