Thryv Holdings, Inc. (NASDAQ:THRY) Director Amer Akhtar Purchases 1,200 Shares of Stock

Thryv Holdings, Inc. (NASDAQ:THRY) Director Amer Akhtar bought 1,200 shares of the business’s stock in a transaction dated Wednesday, September 18th. The shares were bought at an average cost of $18.46 per share, for a total transaction of $22,152.00. Following the completion of the transaction, the director now directly owns 20,535 shares of the company’s stock, valued at $379,076.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Thryv Stock Performance

Thryv stock opened at $18.84 on Friday. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market cap of $675.06 million, a P/E ratio of -2.51 and a beta of 0.82. Thryv Holdings, Inc. has a fifty-two week low of $15.82 and a fifty-two week high of $26.42. The firm’s 50 day simple moving average is $18.04 and its 200-day simple moving average is $19.96.

Thryv (NASDAQ:THRY) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.30). The firm had revenue of $224.08 million for the quarter, compared to analysts’ expectations of $221.78 million. Thryv had a positive return on equity of 2.17% and a negative net margin of 30.83%. The company’s revenue for the quarter was down 10.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.43 earnings per share.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Point72 DIFC Ltd purchased a new position in Thryv during the 2nd quarter valued at about $100,000. The Manufacturers Life Insurance Company grew its position in Thryv by 9.3% during the second quarter. The Manufacturers Life Insurance Company now owns 12,636 shares of the company’s stock valued at $225,000 after purchasing an additional 1,078 shares in the last quarter. Millennium Management LLC increased its stake in Thryv by 78.8% in the 2nd quarter. Millennium Management LLC now owns 178,807 shares of the company’s stock valued at $3,186,000 after buying an additional 78,793 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in Thryv in the 2nd quarter worth approximately $811,000. Finally, Public Sector Pension Investment Board boosted its stake in shares of Thryv by 8.0% during the 2nd quarter. Public Sector Pension Investment Board now owns 69,374 shares of the company’s stock valued at $1,236,000 after buying an additional 5,164 shares during the period. 96.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Needham & Company LLC reissued a “buy” rating and issued a $28.00 price target on shares of Thryv in a research note on Friday, August 2nd.

Thryv Company Profile

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.