Thryv (NASDAQ:THRY) Upgraded at Wall Street Zen

Key Points

• Thryv has been upgraded from a "hold" rating to a "buy" rating by Wall Street Zen, signaling a positive outlook for the stock.
• The company reported earnings of $0.31 per share for the last quarter, missing estimates and showing a year-over-year revenue decline of 6.1%.
• Insider buying has been observed, with CEO Joe Walsh purchasing 8,000 shares at approximately $12.90 per share, indicating confidence in the company's future.

Thryv (NASDAQ:THRY - Get Free Report) was upgraded by Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Saturday.

Thryv Price Performance

Shares of Thryv stock opened at $12.51 on Friday. 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's 50-day simple moving average is $12.77 and its 200-day simple moving average is $13.29. Thryv has a twelve month low of $10.02 and a twelve month high of $20.92. The firm has a market cap of $549.69 million, a P/E ratio of -5.28 and a beta of 0.94.

Thryv (NASDAQ:THRY - Get Free Report) last issued its earnings results 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 business had revenue of $210.47 million for the quarter, compared to analyst estimates of $203.87 million. Thryv had a negative net margin of 11.06% and a negative return on equity of 47.96%. Thryv's revenue was down 6.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.15 earnings per share. Thryv has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, research analysts expect that Thryv will post -2.24 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Joe Walsh purchased 8,000 shares of Thryv stock in a transaction on Friday, August 1st. The shares were purchased 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 directly owned 592,232 shares in the company, valued at approximately $7,639,792.80. This represents a 1.37% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have bought 10,814 shares of company stock valued at $139,838 in the last quarter. 9.88% of the stock is owned by insiders.

Hedge Funds Weigh In On Thryv

A number of institutional investors and hedge funds have recently added to or reduced their stakes in THRY. Tower Research Capital LLC TRC boosted its position in Thryv by 526.1% in the second quarter. Tower Research Capital LLC TRC now owns 4,239 shares of the company's stock valued at $52,000 after buying an additional 3,562 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of Thryv by 98.5% in the second quarter. BNP Paribas Financial Markets now owns 5,571 shares of the company's stock worth $68,000 after acquiring an additional 2,764 shares during the last quarter. CWM LLC raised its stake in shares of Thryv by 567.6% in the second quarter. CWM LLC now owns 8,338 shares of the company's stock worth $101,000 after acquiring an additional 7,089 shares during the last quarter. XTX Topco Ltd bought a new position in shares of Thryv in the second quarter worth about $123,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Thryv in the second quarter worth about $128,000. 96.38% of the stock is currently owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.