Thryv Holdings, Inc. (NASDAQ:THRY) Major Shareholder Mudrick Capital Management, L. Sells 331,826 Shares of Stock

Thryv Holdings, Inc. (NASDAQ:THRYGet Rating) major shareholder Mudrick Capital Management, L. sold 331,826 shares of Thryv stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $24.66, for a total value of $8,182,829.16. Following the completion of the sale, the insider now directly owns 4,779,818 shares in the company, valued at approximately $117,870,311.88. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

  • On Friday, August 5th, Mudrick Capital Management, L. sold 89,982 shares of Thryv stock. The shares were sold at an average price of $26.17, for a total value of $2,354,828.94.
  • On Thursday, July 21st, Mudrick Capital Management, L. sold 126,500 shares of Thryv stock. The shares were sold at an average price of $23.58, for a total value of $2,982,870.00.
  • On Tuesday, July 19th, Mudrick Capital Management, L. sold 100,000 shares of Thryv stock. The shares were sold at an average price of $23.42, for a total value of $2,342,000.00.
  • On Monday, July 11th, Mudrick Capital Management, L. sold 18,439 shares of Thryv stock. The shares were sold at an average price of $22.42, for a total value of $413,402.38.
  • On Thursday, July 7th, Mudrick Capital Management, L. sold 111,919 shares of Thryv stock. The shares were sold at an average price of $23.39, for a total value of $2,617,785.41.
  • On Thursday, June 9th, Mudrick Capital Management, L. sold 50,143 shares of Thryv stock. The shares were sold at an average price of $26.12, for a total value of $1,309,735.16.
  • On Thursday, June 2nd, Mudrick Capital Management, L. sold 101,870 shares of Thryv stock. The shares were sold at an average price of $25.61, for a total value of $2,608,890.70.
  • On Tuesday, May 31st, Mudrick Capital Management, L. sold 106,100 shares of Thryv stock. The shares were sold at an average price of $26.35, for a total value of $2,795,735.00.
  • On Monday, May 16th, Mudrick Capital Management, L. sold 100,000 shares of Thryv stock. The shares were sold at an average price of $24.60, for a total value of $2,460,000.00.
  • On Thursday, May 12th, Mudrick Capital Management, L. sold 91,419 shares of Thryv stock. The stock was sold at an average price of $24.15, for a total value of $2,207,768.85.

Thryv Trading Down 0.9 %

Thryv stock opened at $26.25 on Friday. Thryv Holdings, Inc. has a 52 week low of $21.41 and a 52 week high of $42.99. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a market capitalization of $898.77 million, a P/E ratio of 10.02 and a beta of 1.30. The stock has a 50-day simple moving average of $23.86 and a 200 day simple moving average of $26.96.

Thryv (NASDAQ:THRYGet Rating) last posted its quarterly earnings results on Thursday, August 4th. The company reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.72. Thryv had a return on equity of 36.69% and a net margin of 8.64%. The business had revenue of $334.00 million during the quarter, compared to analysts’ expectations of $308.03 million. During the same quarter last year, the company posted $1.09 earnings per share. Thryv’s quarterly revenue was up 14.8% on a year-over-year basis. Analysts expect that Thryv Holdings, Inc. will post 2.94 earnings per share for the current year.

Institutional Investors Weigh In On Thryv

A number of institutional investors have recently made changes to their positions in the company. Wasatch Advisors Inc. boosted its holdings in shares of Thryv by 8.2% during the fourth quarter. Wasatch Advisors Inc. now owns 2,408,803 shares of the company’s stock worth $99,074,000 after acquiring an additional 182,517 shares during the period. BlackRock Inc. boosted its holdings in shares of Thryv by 1.0% during the first quarter. BlackRock Inc. now owns 2,207,386 shares of the company’s stock worth $62,072,000 after acquiring an additional 21,860 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Thryv by 2.4% during the first quarter. Vanguard Group Inc. now owns 1,213,982 shares of the company’s stock worth $34,138,000 after acquiring an additional 28,242 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of Thryv by 2,956.3% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,010,497 shares of the company’s stock worth $22,624,000 after acquiring an additional 977,434 shares during the period. Finally, Cowen Prime Advisors LLC boosted its holdings in shares of Thryv by 65.8% during the second quarter. Cowen Prime Advisors LLC now owns 647,850 shares of the company’s stock worth $14,505,000 after acquiring an additional 257,030 shares during the period. Institutional investors own 91.93% of the company’s stock.

Analysts Set New Price Targets

Separately, B. Riley reiterated a “buy” rating on shares of Thryv in a report on Friday, July 22nd.

Thryv Company Profile

(Get Rating)

Thryv Holdings, Inc provides digital marketing solutions and cloud-based tools to the small-to-medium sized businesses (SMBs). It operates through three segments: SaaS (Software as a Service), Marketing Services, and Thryv International. The company provides Thryv, an SMB end-to-end customer experience platform; Hub by Thryv, a solution for franchisors to offer real time oversight and day-to-day management of multiple locations; Thryv Leads, an integrated local marketing and lead generation solution, as well as related services; and ThryvPay, a payment solution that allows users to get paid through credit card and ACH.

Further Reading

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

Receive News & Ratings for Thryv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Thryv and related companies with MarketBeat.com's FREE daily email newsletter.