Thryv Holdings, Inc. (NASDAQ:THRY) Major Shareholder Mudrick Capital Management, L. Sells 89,982 Shares

Thryv Holdings, Inc. (NASDAQ:THRY – Get Rating) major shareholder Mudrick Capital Management, L. sold 89,982 shares of the stock in a transaction on Friday, August 5th. The shares were sold at an average price of $26.17, for a total value of $2,354,828.94. Following the sale, the insider now owns 3,482,312 shares in the company, valued at approximately $91,132,105.04. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Wednesday, August 3rd, Mudrick Capital Management, L. sold 331,826 shares of Thryv stock. The shares were sold at an average price of $24.66, for a total value of $8,182,829.16.
• 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 Price Performance

THRY opened at $26.25 on Friday. Thryv Holdings, Inc. has a 12-month low of $21.41 and a 12-month high of $42.99. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.40. The business’s fifty day simple moving average is $23.86 and its 200-day simple moving average is $26.96. The company has a market capitalization of $898.77 million, a price-to-earnings ratio of 10.02 and a beta of 1.30.

Thryv (NASDAQ:THRY – Get Rating) last posted its quarterly earnings results on Thursday, August 4th. The company reported $1.61 earnings per share (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 for the quarter, compared to the consensus estimate of $308.03 million. During the same quarter in the prior year, the company earned $1.09 EPS. The business’s revenue was up 14.8% compared to the same quarter last year. On average, equities research analysts anticipate that Thryv Holdings, Inc. will post 2.94 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Thryv

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

Wall Street Analysts Forecast Growth

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

About Thryv

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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.