Insider Buying: Thryv Holdings, Inc. (NASDAQ:THRY) CEO Purchases 8,000 Shares of Stock

Key Points

• Thryv Holdings CEO Joe Walsh purchased $103,200 worth of stock, increasing his ownership by 1.37% to a total of 592,232 shares.
• Thryv reported $0.31 earnings per share, missing the consensus estimate of $0.40, with a quarterly revenue of $210.47 million, slightly above expectations.
• Analysts have reduced the price targets for Thryv, with the average target now at $21.40, and the stock has received a "Moderate Buy" rating from several analysts.

Thryv Holdings, Inc. (NASDAQ:THRY - Get Free Report) CEO Joe Walsh bought 8,000 shares of the company's stock in a transaction that occurred on Friday, August 1st. The shares were purchased at an average price of $12.90 per share, with a total value of $103,200.00. Following the transaction, the chief executive officer directly owned 592,232 shares in the company, valued at $7,639,792.80. This represents a 1.37% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Joe Walsh also recently made the following trade(s):

• On Wednesday, May 7th, Joe Walsh acquired 5,000 shares of Thryv stock. The stock was acquired at an average cost of $13.40 per share, for a total transaction of $67,000.00.

Thryv Trading Up 0.2%

Shares of THRY traded up $0.03 during trading hours on Friday, hitting $12.87. 540,938 shares of the stock traded hands, compared to its average volume of 578,196. The business has a fifty day moving average of $12.70 and a 200-day moving average of $14.20. The firm has a market capitalization of $565.51 million, a PE ratio of -5.43 and a beta of 0.94. Thryv Holdings, Inc. has a 1-year low of $10.02 and a 1-year high of $20.92. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.24.

Thryv (NASDAQ:THRY - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate 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 return on equity of 47.96% and a negative net margin of 11.06%. The business's revenue for the quarter was down 6.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.15 earnings per share. Analysts expect that Thryv Holdings, Inc. will post -2.24 EPS for the current year.

Institutional Investors Weigh In On Thryv

A number of institutional investors and hedge funds have recently modified their holdings of THRY. Creative Planning bought a new position in Thryv in the second quarter valued at approximately $271,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Thryv in the 2nd quarter valued at $128,000. Quinn Opportunity Partners LLC boosted its position in shares of Thryv by 2.4% in the 2nd quarter. Quinn Opportunity Partners LLC now owns 205,084 shares of the company's stock worth $2,494,000 after purchasing an additional 4,853 shares during the last quarter. S Squared Technology LLC grew its stake in shares of Thryv by 50.3% during the second quarter. S Squared Technology LLC now owns 444,268 shares of the company's stock worth $5,402,000 after purchasing an additional 148,675 shares during the period. Finally, Pinnacle Wealth Management Advisory Group LLC acquired a new stake in shares of Thryv during the second quarter worth $140,000. 96.38% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. B. Riley cut their price target on Thryv from $30.00 to $26.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Needham & Company LLC lowered their price objective on shares of Thryv from $28.00 to $20.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Wall Street Zen raised shares of Thryv from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Finally, Royal Bank Of Canada reduced their target price 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 analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $21.40.

Thryv Company 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.