Paul Rouse Buys 6,000 Shares of Thryv (NASDAQ:THRY) Stock

Thryv Holdings, Inc. (NASDAQ:THRY) CFO Paul Rouse bought 6,000 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The shares were acquired at an average price of $2.61 per share, with a total value of $15,660.00. Following the completion of the transaction, the chief financial officer owned 355,079 shares of the company’s stock, valued at approximately $926,756.19. The trade was a 1.72% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Thryv Stock Up 4.1%

NASDAQ THRY 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’s 50-day moving average price is $4.56 and its 200-day moving average price is $7.83. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.00 and a current ratio of 1.00.

Thryv (NASDAQ:THRY) last announced its quarterly earnings data 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 company 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%. As a group, sell-side analysts expect that Thryv Holdings, Inc. will post -2.24 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Thryv

Several institutional investors have recently added to or reduced their stakes in the business. Alpine Global Management LLC purchased a new stake in shares of Thryv during the fourth quarter worth about $179,000. Aristides Capital LLC acquired a new stake in Thryv in the 4th quarter worth approximately $210,000. Mercer Global Advisors Inc. ADV purchased a new stake in Thryv during the 4th quarter worth approximately $79,000. Mackenzie Financial Corp purchased a new stake in Thryv during the 4th quarter worth approximately $106,000. Finally, Empowered Funds LLC acquired a new position in Thryv during the 4th quarter valued at approximately $904,000. 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.