Joe Walsh Buys 8,000 Shares of Thryv Holdings, Inc. (NASDAQ:THRY) 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 Thryv stock in a transaction dated Friday, August 1st. The shares were bought at an average cost of $12.90 per share, for a total transaction of $103,200.00. Following the completion of the transaction, the chief executive officer owned 592,232 shares of the company's stock, valued at approximately $7,639,792.80. This trade represents a 1.37% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through 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 shares were purchased at an average price of $13.40 per share, with a total value of $67,000.00.

Thryv Stock Performance

Thryv stock traded up $0.11 during midday trading on Friday, hitting $12.95. 279,719 shares of the company were exchanged, compared to its average volume of 503,392. The business has a fifty day simple moving average of $12.71 and a two-hundred day simple moving average of $14.22. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.20 and a current ratio of 1.20. The firm has a market capitalization of $568.80 million, a PE ratio of -5.46 and a beta of 0.94. Thryv Holdings, Inc. has a fifty-two week low of $10.02 and a fifty-two week high of $20.92.

Thryv (NASDAQ:THRY - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $210.47 million for the quarter, compared to analysts' expectations of $203.87 million. During the same period last year, the company posted $0.15 earnings per share. The business's quarterly revenue was down 6.1% on a year-over-year basis. On average, sell-side analysts forecast that Thryv Holdings, Inc. will post -2.24 earnings per share for the current year.

Hedge Funds Weigh In On Thryv

A number of hedge funds have recently bought and sold shares of THRY. American Century Companies Inc. increased its stake in shares of Thryv by 14.1% during the fourth quarter. American Century Companies Inc. now owns 64,473 shares of the company's stock worth $954,000 after purchasing an additional 7,970 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of Thryv in the fourth quarter valued at approximately $92,000. Vanguard Group Inc. increased its position in shares of 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 purchasing an additional 548,864 shares in the last quarter. Corebridge Financial Inc. raised its stake in Thryv by 8.9% in the 4th quarter. Corebridge Financial Inc. now owns 19,984 shares of the company's stock valued at $296,000 after purchasing an additional 1,631 shares during the last quarter. Finally, Prudential Financial Inc. lifted its holdings in Thryv by 13.3% in the 4th quarter. Prudential Financial Inc. now owns 52,296 shares of the company's stock valued at $774,000 after purchasing an additional 6,150 shares in the last quarter. Hedge funds and other institutional investors own 96.38% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Needham & Company LLC reduced their target price on Thryv from $28.00 to $20.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Royal Bank Of Canada dropped 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. B. Riley decreased their price target on shares of Thryv from $30.00 to $26.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Finally, Wall Street Zen raised shares of Thryv from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. One equities 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, the company 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.