Thryv (NASDAQ:THRY) Posts Earnings Results, Beats Estimates By $0.16 EPS

Thryv (NASDAQ:THRY) released its earnings results on Thursday. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.16, FiscalAI reports. The company had revenue of $167.68 million during the quarter, compared to analysts’ expectations of $161.69 million. Thryv had a return on equity of 6.58% and a net margin of 1.88%.

Here are the key takeaways from Thryv’s conference call:

• 70% SaaS scale: SaaS revenue was $116.7M (+5% YoY), now represents 70% of company revenue, with ARPU up 13% to $378/month and annualized client spend above $4,500 across ~96,000 SaaS subscribers.
• Marketing Center & AI traction: Marketing Center grew ~30% YoY and multiple AI capabilities (image generation, lead scoring, AI-guided dashboard, etc.) are live with strong early adoption, which management says is increasing engagement and stickiness.
• Margin compression and EBITDA miss: SaaS adjusted gross margin of 67% and adjusted EBITDA came in below guidance due primarily to a deliberate upgrade of low‑margin digital agency customers onto SaaS without price changes.
• Marketing Services decline: Marketing Services billings fell 33% YoY as the company intentionally migrates legacy customers to SaaS; management plans to exit marketing services by 2028 with cash flows lasting through 2030, signaling near‑term revenue decline in that segment.
• Guidance and balance sheet: Management raised the low end of full‑year SaaS revenue to $463M–$471M, maintained SaaS adjusted EBITDA guidance of $70M–$75M, reported net debt of $258M (1.7x leverage), and expects overall top‑line growth to resume in 2027.

Thryv Stock Up 7.0%

Thryv stock traded up $0.25 during mid-day trading on Friday, hitting $3.83. The company had a trading volume of 1,834,672 shares, compared to its average volume of 757,645. The company has a current ratio of 1.23, a quick ratio of 1.00 and a debt-to-equity ratio of 1.03. The stock’s 50 day moving average price is $3.06 and its two-hundred day moving average price is $5.22. Thryv has a 12 month low of $1.91 and a 12 month high of $15.49. The company has a market capitalization of $169.17 million, a PE ratio of 11.19 and a beta of 0.91.

Analysts Set New Price Targets

A number of research firms have recently commented on THRY. Royal Bank Of Canada lowered their target price on Thryv from $13.00 to $7.00 and set a “sector perform” rating for the company in a research note on Friday, February 20th. Wall Street Zen downgraded Thryv from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Zacks Research raised Thryv from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Needham & Company LLC dropped their target price on Thryv from $14.00 to $6.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Thryv in a report on Friday, April 17th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $9.50.

Insider Buying and Selling at Thryv

In other Thryv news, CFO Paul D. Rouse purchased 14,000 shares of the firm’s stock in a transaction dated Monday, March 2nd. The stock was purchased at an average price of $2.35 per share, for a total transaction of $32,900.00. Following the completion of the purchase, the chief financial officer directly owned 349,079 shares of the company’s stock, valued at $820,335.65. This trade represents a 4.18% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Joe Walsh purchased 15,000 shares of the firm’s stock in a transaction dated Friday, March 13th. The stock was acquired at an average price of $2.91 per share, with a total value of $43,650.00. Following the purchase, the chief executive officer directly owned 775,749 shares of the company’s stock, valued at approximately $2,257,429.59. The trade was a 1.97% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders bought 45,000 shares of company stock valued at $120,250 in the last 90 days. Company insiders own 9.88% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Russell Investments Group Ltd. raised its stake in shares of Thryv by 2,516.8% in the third quarter. Russell Investments Group Ltd. now owns 3,114 shares of the company’s stock worth $38,000 after purchasing an additional 2,995 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Thryv by 526.1% in the second quarter. Tower Research Capital LLC TRC now owns 4,239 shares of the company’s stock worth $52,000 after purchasing an additional 3,562 shares during the last quarter. Quarry LP raised its stake in shares of Thryv by 787.2% in the third quarter. Quarry LP now owns 5,066 shares of the company’s stock worth $61,000 after purchasing an additional 4,495 shares during 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 purchasing an additional 2,764 shares during the last quarter. Finally, Aquatic Capital Management LLC purchased a new position in shares of Thryv in the third quarter worth $107,000. Hedge funds and other institutional investors own 96.38% of the company’s stock.

Thryv Company Profile

Thryv Holdings, Inc (NASDAQ:THRY) is a software and technology solutions provider focused on helping small- and medium-sized businesses manage customer relationships, marketing and communications, appointments and payments through a unified platform. Headquartered in Dallas, Texas, the company delivers cloud-based software designed to simplify administrative tasks and enable business owners to engage with customers across multiple channels.

At the core of Thryv’s offerings is its flagship Thryv software platform, which combines customer relationship management (CRM) tools, automated marketing and social media management, online scheduling, invoicing and payment processing.