Thryv (NASDAQ:THRY) CFO Paul Rouse Acquires 14,000 Shares

Thryv Holdings, Inc. (NASDAQ:THRY) CFO Paul Rouse purchased 14,000 shares of the company’s stock in a transaction dated Monday, March 2nd. The stock was bought at an average cost 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. The trade was a 4.18% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Thryv Stock Performance

THRY traded up $0.18 during trading on Wednesday, reaching $3.12. 1,269,055 shares of the stock traded hands, compared to its average volume of 1,307,361. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.00 and a quick ratio of 1.00. Thryv Holdings, Inc. has a fifty-two week low of $1.91 and a fifty-two week high of $17.24. The stock’s 50-day simple moving average is $4.67 and its two-hundred day simple moving average is $7.89.

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

Analyst Ratings Changes

THRY has been the topic of a number of recent research reports. Zacks Research upgraded shares of Thryv from a “strong sell” rating to a “hold” rating in a report on Monday, December 29th. Weiss Ratings reiterated a “sell (d)” rating on shares of Thryv in a research note on Monday, December 29th. Wall Street Zen downgraded Thryv from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Needham & Company LLC dropped their price target on shares of Thryv from $14.00 to $6.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Finally, William Blair downgraded shares of Thryv from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 4th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Thryv currently has a consensus rating of “Hold” and a consensus target price of $9.50.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of THRY. Paulson & CO. Inc. boosted its stake in Thryv by 1.6% during the fourth quarter. Paulson & CO. Inc. now owns 4,347,070 shares of the company’s stock worth $26,300,000 after buying an additional 67,070 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Thryv by 27.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,822,888 shares of the company’s stock valued at $17,078,000 after acquiring an additional 602,127 shares during the period. Ancient Art L.P. increased its stake in Thryv by 19.2% in the fourth quarter. Ancient Art L.P. now owns 1,560,908 shares of the company’s stock valued at $9,443,000 after acquiring an additional 251,449 shares during the period. Brooktree Capital Management raised its position in Thryv by 61.5% in the fourth quarter. Brooktree Capital Management now owns 1,358,938 shares of the company’s stock worth $8,222,000 after purchasing an additional 517,597 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Thryv by 35.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,152,890 shares of the company’s stock worth $6,975,000 after purchasing an additional 302,723 shares during the period. 96.38% of the stock is currently owned by institutional investors and hedge funds.

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.