William Blair Reaffirms Outperform Rating for Thryv (NASDAQ:THRY)

Key Points

• William Blair has reaffirmed an outperform rating for Thryv (NASDAQ:THRY), highlighting positive analyst sentiment amidst mixed ratings from other brokerages.
• Thryv reported a loss in earnings per share of $0.31 for the last quarter, missing estimates, while its revenue was $210.47 million, above the consensus expectation.
• CEO Joe Walsh purchased 8,000 shares of Thryv at $12.90 each, indicating insider confidence, amidst growing institutional investment in the company.

Thryv (NASDAQ:THRY - Get Free Report)'s stock had its "outperform" rating reaffirmed by investment analysts at William Blair in a research report issued to clients and investors on Friday,RTT News reports.

Several other brokerages have also weighed in on THRY. Wall Street Zen upgraded shares of Thryv from a "hold" rating to a "buy" rating in a report on Saturday, September 13th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Thryv in a research note on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $20.50.

Thryv Price Performance

Shares of NASDAQ THRY traded down $0.05 during midday trading on Friday, reaching $11.08. 294,374 shares of the company were exchanged, compared to its average volume of 439,507. The stock's 50-day moving average price is $12.37 and its 200-day moving average price is $12.62. The stock has a market cap of $486.86 million, a P/E ratio of -4.68 and a beta of 0.92. Thryv has a one year low of $10.02 and a one year high of $20.92. 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 posted its earnings results on Wednesday, July 30th. The company reported $0.31 earnings per share 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 company had revenue of $210.47 million for the quarter, compared to the consensus estimate of $203.87 million. During the same period in the previous year, the firm posted $0.15 EPS. The business's quarterly revenue was down 6.1% compared to the same quarter last year. Thryv has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, sell-side analysts anticipate that Thryv will post -2.24 earnings per share for the current fiscal year.

Insider Activity at Thryv

In other news, CEO Joe Walsh acquired 8,000 shares of the stock in a transaction dated Friday, August 1st. The stock was purchased at an average cost of $12.90 per share, with a total value of $103,200.00. Following the completion of the purchase, the chief executive officer owned 592,232 shares in the company, valued at approximately $7,639,792.80. The trade was a 1.37% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have bought 10,814 shares of company stock worth $139,838 over the last ninety days. Corporate insiders own 9.88% of the company's stock.

Hedge Funds Weigh In On Thryv

Several hedge funds and other institutional investors have recently modified their holdings of the company. Massachusetts Financial Services Co. MA bought a new position in shares of Thryv during the first quarter valued at about $30,209,000. Allspring Global Investments Holdings LLC raised its stake in shares of Thryv by 0.3% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,111,892 shares of the company's stock valued at $13,999,000 after acquiring an additional 2,957 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Thryv by 1,010.8% during the second quarter. American Century Companies Inc. now owns 864,246 shares of the company's stock valued at $10,509,000 after acquiring an additional 786,445 shares during the last quarter. CenterBook Partners LP raised its stake in shares of Thryv by 93.4% during the second quarter. CenterBook Partners LP now owns 859,954 shares of the company's stock valued at $10,457,000 after acquiring an additional 415,282 shares during the last quarter. Finally, Brooktree Capital Management raised its stake in Thryv by 2.2% in the second quarter. Brooktree Capital Management now owns 715,630 shares of the company's stock worth $8,702,000 after buying an additional 15,595 shares in the last quarter. 96.38% of the stock is owned by institutional investors.

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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