Mudrick Capital Management, L. Sells 50,000 Shares of Thryv Holdings, Inc. (NASDAQ:THRY) Stock

Thryv Holdings, Inc. (NASDAQ:THRY) Director Mudrick Capital Management, L. sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 12th. The stock was sold at an average price of $35.50, for a total value of $1,775,000.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Mudrick Capital Management, L. also recently made the following trade(s):

  • On Monday, January 10th, Mudrick Capital Management, L. sold 50,000 shares of Thryv stock. The shares were sold at an average price of $36.00, for a total value of $1,800,000.00.
  • On Monday, November 15th, Mudrick Capital Management, L. sold 45,000 shares of Thryv stock. The shares were sold at an average price of $35.50, for a total value of $1,597,500.00.

THRY opened at $33.30 on Friday. The stock’s 50-day moving average price is $37.38 and its 200 day moving average price is $33.36. Thryv Holdings, Inc. has a 12-month low of $16.88 and a 12-month high of $42.99. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.78. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 5.56 and a beta of -0.04.

Thryv (NASDAQ:THRY) last posted its earnings results on Thursday, November 11th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.19. Thryv had a return on equity of 88.76% and a net margin of 18.49%. The firm had revenue of $297.29 million for the quarter, compared to analyst estimates of $259.18 million. On average, research analysts forecast that Thryv Holdings, Inc. will post 2.28 earnings per share for the current year.

Several analysts have issued reports on the company. Zacks Investment Research upgraded Thryv from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a report on Thursday. B. Riley upped their target price on Thryv from $45.00 to $50.00 and gave the company a “buy” rating in a report on Friday, November 12th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $42.42.

Hedge funds have recently bought and sold shares of the business. Citigroup Inc. raised its position in Thryv by 184.1% in the 3rd quarter. Citigroup Inc. now owns 875 shares of the company’s stock valued at $26,000 after purchasing an additional 567 shares in the last quarter. Bank of America Corp DE raised its position in Thryv by 33.7% in the 2nd quarter. Bank of America Corp DE now owns 1,365 shares of the company’s stock valued at $49,000 after purchasing an additional 344 shares in the last quarter. Deutsche Bank AG acquired a new stake in Thryv in the 2nd quarter valued at about $144,000. American International Group Inc. raised its position in Thryv by 15.7% in the 3rd quarter. American International Group Inc. now owns 4,193 shares of the company’s stock valued at $126,000 after purchasing an additional 568 shares in the last quarter. Finally, New York State Common Retirement Fund acquired a new stake in Thryv in the 2nd quarter valued at about $200,000. 86.25% of the stock is currently owned by institutional investors.

Thryv Company Profile

Thryv Holdings, Inc provides digital marketing solutions and cloud-based tools to the small-to-medium sized businesses (SMBs) in the United States. The company operates through three segments: SaaS (Software as a Service), Marketing Services, and Thryv International. The SaaS segment provides Thryv, an SMB end-to-end customer experience platform, which is integrated with Google; and ThryvPay, a payment solution that allows users to get paid through credit card and ACH.

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Insider Buying and Selling by Quarter for Thryv (NASDAQ:THRY)

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