Thryv (NASDAQ:THRY) CEO Joe Walsh Acquires 25,000 Shares of Stock

Thryv Holdings, Inc. (NASDAQ:THRY) CEO Joe Walsh purchased 25,000 shares of the firm’s stock in a transaction on Friday, September 18th. The stock was bought at an average price of $1.80 per share, with a total value of $45,000.00. Following the completion of the purchase, the chief executive officer owned 788,099 shares of the company’s stock, valued at approximately $1,418,578.20. This represents a 3.28% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Thryv Stock Up 1.9%

Shares of NASDAQ THRY traded up $0.04 during trading hours on Friday, hitting $1.89. The company had a trading volume of 564,910 shares, compared to its average volume of 929,663. Thryv Holdings, Inc. has a 1-year low of $1.76 and a 1-year high of $12.75. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.99. The firm’s 50 day moving average is $2.72 and its 200-day moving average is $3.18. The stock has a market capitalization of $83.77 million, a P/E ratio of -5.15 and a beta of 0.84.

Thryv (NASDAQ:THRY) last posted its quarterly earnings results on Tuesday, August 4th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.28). The firm had revenue of $150.73 million for the quarter, compared to the consensus estimate of $145.98 million. Thryv had a negative return on equity of 7.36% and a negative net margin of 2.27%. On average, analysts expect that Thryv Holdings, Inc. will post -0.36 earnings per share for the current fiscal year.

Institutional Trading of Thryv

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Meeder Asset Management Inc. lifted its stake in Thryv by 53.4% during the 1st quarter. Meeder Asset Management Inc. now owns 15,008 shares of the company’s stock valued at $41,000 after acquiring an additional 5,226 shares in the last quarter. State of Wyoming lifted its position in shares of Thryv by 18.8% during the first quarter. State of Wyoming now owns 46,712 shares of the company’s stock valued at $128,000 after purchasing an additional 7,395 shares in the last quarter. Empowered Funds LLC boosted its holdings in Thryv by 6.7% during the first quarter. Empowered Funds LLC now owns 159,493 shares of the company’s stock worth $437,000 after purchasing an additional 10,015 shares during the last quarter. Amundi increased its stake in Thryv by 54.9% in the 1st quarter. Amundi now owns 30,644 shares of the company’s stock valued at $84,000 after buying an additional 10,860 shares during the last quarter. Finally, Catalyst Funds Management Pty Ltd bought a new position in shares of Thryv during the 4th quarter worth approximately $67,000. Institutional investors and hedge funds own 96.38% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Weiss Ratings cut Thryv from a “sell (d)” rating to a “sell (e+)” rating in a research report on Thursday, August 13th. Wall Street Zen downgraded Thryv from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Needham & Company LLC reiterated a “buy” rating on shares of Thryv in a report on Tuesday, August 4th. Finally, Royal Bank Of Canada dropped their price objective on shares of Thryv from $4.00 to $3.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 5th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Thryv presently has an average rating of “Hold” and an average price target of $8.50.

About Thryv

Thryv Holdings, Inc provides business management software and digital marketing services for small and medium-sized businesses. Its Thryv platform is designed to help businesses manage customer communications, appointments, estimates, invoices, payments, online reviews and marketing activities from a centralized system.

The company’s products and services include customer relationship management tools, scheduling and calendar capabilities, payment processing, email and text messaging, website and social media management, search engine optimization, online reputation management and digital advertising.