Thryv Holdings, Inc. (NASDAQ:THRY) CEO Joe Walsh Acquires 2,500 Shares of Stock

Thryv Holdings, Inc. (NASDAQ:THRY) CEO Joe Walsh bought 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was purchased at an average cost of $21.11 per share, with a total value of $52,775.00. Following the completion of the purchase, the chief executive officer now directly owns 500,567 shares of the company’s stock, valued at approximately $10,566,969.37. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Joe Walsh also recently made the following trade(s):

• On Tuesday, March 5th, Joe Walsh sold 595 shares of Thryv stock. The stock was sold at an average price of $21.26, for a total transaction of $12,649.70.
• On Monday, February 26th, Joe Walsh purchased 5,000 shares of Thryv stock. The shares were acquired at an average price of $19.01 per share, with a total value of $95,050.00.

Thryv Price Performance

NASDAQ:THRY traded up $0.76 during trading hours on Friday, hitting $21.19. The company’s stock had a trading volume of 225,250 shares, compared to its average volume of 235,684. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.15 and a quick ratio of 1.15. The company has a market capitalization of $759.26 million, a P/E ratio of -2.82 and a beta of 0.92. Thryv Holdings, Inc. has a twelve month low of $15.99 and a twelve month high of $26.42. The stock has a fifty day simple moving average of $22.14 and a 200-day simple moving average of $20.69.

Thryv (NASDAQ:THRY) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.15). The firm had revenue of $233.62 million for the quarter, compared to analyst estimates of $226.66 million. Thryv had a negative net margin of 28.75% and a positive return on equity of 3.07%. The company’s revenue was down 4.9% compared to the same quarter last year. During the same period last year, the business earned $0.25 EPS. On average, analysts anticipate that Thryv Holdings, Inc. will post 0.25 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

THRY has been the subject of several research reports. TheStreet downgraded Thryv from a “c-” rating to a “d” rating in a report on Friday, March 1st. Needham & Company LLC reiterated a “buy” rating and set a $28.00 target price on shares of Thryv in a research note on Wednesday, May 15th.

Hedge Funds Weigh In On Thryv

Hedge funds have recently bought and sold shares of the company. Pacer Advisors Inc. grew its position in shares of Thryv by 73.3% during the 4th quarter. Pacer Advisors Inc. now owns 1,348,066 shares of the company’s stock worth $27,433,000 after buying an additional 570,190 shares during the period. Harspring Capital Management LLC acquired a new position in shares of Thryv during the 3rd quarter valued at $5,256,000. Charles Schwab Investment Management Inc. boosted its stake in Thryv by 95.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 494,621 shares of the company’s stock worth $9,284,000 after acquiring an additional 241,165 shares in the last quarter. S Squared Technology LLC bought a new stake in Thryv in the third quarter valued at $4,174,000. Finally, Minerva Advisors LLC increased its stake in Thryv by 382.0% in the third quarter. Minerva Advisors LLC now owns 239,551 shares of the company’s stock valued at $4,494,000 after purchasing an additional 189,848 shares in the last quarter. Institutional investors own 96.38% of the company’s stock.

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.