Thryv (NASDAQ:THRY) CFO Paul Rouse Purchases 6,000 Shares

Thryv Holdings, Inc. (NASDAQ:THRY) CFO Paul Rouse acquired 6,000 shares of the company’s stock in a transaction on Tuesday, March 3rd. The stock was purchased at an average cost of $2.61 per share, for a total transaction of $15,660.00. Following the completion of the transaction, the chief financial officer owned 355,079 shares in the company, valued at approximately $926,756.19. The trade was a 1.72% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

Thryv Trading Up 6.3%

Shares of Thryv stock traded up $0.20 during trading on Thursday, hitting $3.39. 846,175 shares of the stock were exchanged, compared to its average volume of 1,310,279. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.00 and a quick ratio of 1.00. The firm’s 50-day moving average price is $4.62 and its 200 day moving average price is $7.86. Thryv Holdings, Inc. has a 12-month low of $1.91 and a 12-month high of $17.10.

Thryv (NASDAQ:THRY) last posted its earnings results on Thursday, February 26th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of $0.40 by ($0.62). The business had revenue of $191.62 million during the quarter, compared to analysts’ expectations of $191.25 million. Thryv had a net margin of 0.04% and a return on equity of 0.14%. Equities analysts anticipate that Thryv Holdings, Inc. will post -2.24 EPS for the current year.

Analysts Set New Price Targets

THRY has been the subject of a number of research analyst reports. Wall Street Zen downgraded Thryv from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Weiss Ratings reissued a “sell (d)” rating on shares of Thryv in a research report on Monday, December 29th. Royal Bank Of Canada reduced their price objective 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. Needham & Company LLC decreased their price objective on Thryv from $14.00 to $6.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Finally, Zacks Research raised shares of Thryv from a “strong sell” rating to a “hold” rating in a report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Thryv has an average rating of “Hold” and a consensus target price of $9.50.

Institutional Trading of Thryv

Several hedge funds have recently made changes to their positions in the company. Russell Investments Group Ltd. increased its stake in shares of Thryv by 2,516.8% during the third quarter. Russell Investments Group Ltd. now owns 3,114 shares of the company’s stock worth $38,000 after acquiring an additional 2,995 shares during the period. Tower Research Capital LLC TRC boosted its holdings in Thryv by 526.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,239 shares of the company’s stock valued at $52,000 after purchasing an additional 3,562 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in Thryv in the 4th quarter valued at approximately $59,000. Quarry LP increased its position in Thryv by 787.2% during the 3rd 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 period. Finally, Quotient Wealth Partners LLC purchased a new position in shares of Thryv during the 4th quarter worth approximately $63,000. Institutional investors and hedge funds 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.