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

Thryv Holdings, Inc. (NASDAQ:THRY) CFO Paul Rouse bought 14,000 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The stock was purchased 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 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Thryv Trading Up 4.1%

Shares of Thryv stock opened at $3.32 on Friday. Thryv Holdings, Inc. has a 12-month low of $1.91 and a 12-month high of $17.10. 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 company’s fifty day simple moving average is $4.56 and its two-hundred day simple moving average is $7.83.

Thryv (NASDAQ:THRY) last issued its quarterly earnings data on Thursday, February 26th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of $0.40 by ($0.62). The firm had revenue of $191.62 million for the quarter, compared to the consensus estimate of $191.25 million. Thryv had a net margin of 0.04% and a return on equity of 0.14%. Sell-side analysts predict that Thryv Holdings, Inc. will post -2.24 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on THRY shares. Wall Street Zen cut Thryv from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Zacks Research raised Thryv from a “strong sell” rating to a “hold” rating in a research note on Monday, December 29th. Royal Bank Of Canada reduced their price objective on shares of Thryv from $13.00 to $7.00 and set a “sector perform” rating on the stock in a research report on Friday, February 20th. Weiss Ratings restated a “sell (d)” rating on shares of Thryv in a report on Monday, December 29th. Finally, Needham & Company LLC dropped their target price on shares of Thryv from $14.00 to $6.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $9.50.

Institutional Trading of Thryv

A number of hedge funds have recently modified their holdings of THRY. AQR Capital Management LLC increased its stake in shares of Thryv by 11.0% in the 1st quarter. AQR Capital Management LLC now owns 69,842 shares of the company’s stock worth $895,000 after acquiring an additional 6,917 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Thryv by 6.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,514 shares of the company’s stock valued at $288,000 after purchasing an additional 1,351 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Thryv by 46.4% during the first quarter. Goldman Sachs Group Inc. now owns 376,141 shares of the company’s stock valued at $4,818,000 after purchasing an additional 119,167 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of Thryv during the second quarter valued at approximately $502,000. Finally, Pinnacle Associates Ltd. boosted its position in shares of Thryv by 28.3% in the 2nd quarter. Pinnacle Associates Ltd. now owns 72,431 shares of the company’s stock worth $881,000 after purchasing an additional 15,975 shares in the last quarter. 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.