Insider Buying: Thryv Holdings, Inc. (NASDAQ:THRY) Director Acquires 700 Shares of Stock

Thryv Holdings, Inc. (NASDAQ:THRY) Director John Slater acquired 700 shares of the business’s stock in a transaction dated Tuesday, March 4th. The stock was purchased at an average price of $16.53 per share, with a total value of $11,571.00. Following the completion of the transaction, the director now directly owns 20,535 shares of the company’s stock, valued at $339,443.55. This trade represents a 3.53 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Thryv Trading Down 0.3 %

Shares of Thryv stock traded down $0.05 on Thursday, hitting $16.91. The stock had a trading volume of 57,259 shares, compared to its average volume of 434,797. The stock’s 50-day simple moving average is $16.90 and its two-hundred day simple moving average is $16.67. Thryv Holdings, Inc. has a one year low of $13.06 and a one year high of $26.42. The stock has a market cap of $733.45 million, a price-to-earnings ratio of -1.76 and a beta of 0.90. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 2.70.

Thryv (NASDAQ:THRY) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.26. Thryv had a negative return on equity of 42.95% and a negative net margin of 38.87%. The business had revenue of $186.60 million during the quarter, compared to analysts’ expectations of $183.02 million. As a group, sell-side analysts predict that Thryv Holdings, Inc. will post -2.24 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Quarry LP grew its position in shares of Thryv by 1,296.3% in the 3rd quarter. Quarry LP now owns 2,248 shares of the company’s stock worth $39,000 after buying an additional 2,087 shares during the last quarter. MassMutual Private Wealth & Trust FSB acquired a new position in shares of Thryv in the fourth quarter valued at about $44,000. KBC Group NV raised its stake in shares of Thryv by 97.8% in the third quarter. KBC Group NV now owns 2,868 shares of the company’s stock worth $49,000 after purchasing an additional 1,418 shares during the last quarter. Summit Investment Advisors Inc. lifted its holdings in shares of Thryv by 27.7% during the fourth quarter. Summit Investment Advisors Inc. now owns 3,906 shares of the company’s stock worth $58,000 after purchasing an additional 848 shares during the period. Finally, KLP Kapitalforvaltning AS purchased a new stake in Thryv in the fourth quarter valued at approximately $92,000. 96.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on THRY. Needham & Company LLC reiterated a “buy” rating and issued a $28.00 price objective on shares of Thryv in a report on Wednesday, January 15th. Robert W. Baird decreased their price target on shares of Thryv from $25.00 to $20.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th.

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.