Joe Walsh Acquires 25,000 Shares of Thryv (NASDAQ:THRY) Stock

Thryv Holdings, Inc. (NASDAQ:THRY) CEO Joe Walsh purchased 25,000 shares of the stock in a transaction that occurred on Friday, November 7th. The shares were purchased at an average cost of $6.51 per share, for a total transaction of $162,750.00. Following the completion of the acquisition, the chief executive officer directly owned 610,232 shares of the company’s stock, valued at $3,972,610.32. This represents a 4.27% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Thryv Stock Performance

THRY traded up $0.05 on Monday, reaching $6.31. The stock had a trading volume of 1,437,314 shares, compared to its average volume of 540,383. The business’s 50-day moving average price is $11.33 and its two-hundred day moving average price is $12.46. The company has a market cap of $274.99 million, a P/E ratio of 15.39 and a beta of 0.89. Thryv Holdings, Inc. has a 12-month low of $6.21 and a 12-month high of $20.92. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.17.

Thryv (NASDAQ:THRY) last posted its earnings results on Thursday, October 30th. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.30). Thryv had a net margin of 2.29% and a return on equity of 8.64%. The business had revenue of $201.56 million for the quarter, compared to analyst estimates of $200.81 million. During the same quarter last year, the business earned ($2.65) earnings per share. Thryv’s revenue was up 12.1% on a year-over-year basis. Thryv has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Sell-side analysts forecast that Thryv Holdings, Inc. will post -2.24 earnings per share for the current year.

Institutional Trading of Thryv

A number of hedge funds and other institutional investors have recently made changes to their positions in THRY. CWM LLC increased its stake in Thryv by 567.6% during the second quarter. CWM LLC now owns 8,338 shares of the company’s stock worth $101,000 after acquiring an additional 7,089 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in Thryv by 46.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 376,141 shares of the company’s stock valued at $4,818,000 after buying an additional 119,167 shares during the period. Principal Financial Group Inc. boosted its stake in Thryv by 2.4% during the first quarter. Principal Financial Group Inc. now owns 201,186 shares of the company’s stock worth $2,577,000 after buying an additional 4,664 shares during the period. Swiss National Bank raised its stake in shares of Thryv by 14.2% in the 1st quarter. Swiss National Bank now owns 77,400 shares of the company’s stock valued at $991,000 after acquiring an additional 9,600 shares during the period. Finally, Peregrine Capital Management LLC lifted its holdings in shares of Thryv by 11.6% in the 2nd quarter. Peregrine Capital Management LLC now owns 419,111 shares of the company’s stock worth $5,096,000 after acquiring an additional 43,598 shares during the last quarter. Institutional investors and hedge funds own 96.38% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Thryv in a research note on Wednesday, October 8th. Zacks Research lowered shares of Thryv from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 4th. Craig Hallum cut Thryv from a “buy” rating to a “hold” rating and set a $10.00 price objective on the stock. in a report on Friday, October 31st. Needham & Company LLC decreased their target price on Thryv from $20.00 to $14.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. Finally, William Blair lowered Thryv from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 4th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Thryv currently has an average rating of “Hold” and an average price target of $13.00.

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.