Mudrick Capital Management, L. Sells 106,100 Shares of Thryv Holdings, Inc. (NASDAQ:THRY) Stock

Posted by on Jun 3rd, 2022

Thryv Holdings, Inc. (NASDAQ:THRY – Get Rating) Director Mudrick Capital Management, L. sold 106,100 shares of the stock in a transaction that occurred on Tuesday, May 31st. The stock was sold at an average price of $26.35, for a total transaction of $2,795,735.00. Following the transaction, the director now directly owns 6,026,451 shares in the company, valued at approximately $158,796,983.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • 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 transaction of $2,608,890.70.
  • 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 transaction 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 transaction of $2,207,768.85.
  • On Monday, May 9th, Mudrick Capital Management, L. sold 136,269 shares of Thryv stock. The stock was sold at an average price of $24.96, for a total transaction of $3,401,274.24.
  • On Thursday, May 5th, Mudrick Capital Management, L. sold 88,619 shares of Thryv stock. The stock was sold at an average price of $27.13, for a total transaction of $2,404,233.47.
  • On Tuesday, April 12th, Mudrick Capital Management, L. sold 1,000,000 shares of Thryv stock. The stock was sold at an average price of $27.50, for a total transaction of $27,500,000.00.
  • On Thursday, April 7th, Mudrick Capital Management, L. sold 101,703 shares of Thryv stock. The stock was sold at an average price of $28.07, for a total transaction of $2,854,803.21.
  • On Tuesday, April 5th, Mudrick Capital Management, L. sold 55,450 shares of Thryv stock. The stock was sold at an average price of $29.37, for a total transaction of $1,628,566.50.
  • On Monday, March 21st, Mudrick Capital Management, L. sold 162,900 shares of Thryv stock. The stock was sold at an average price of $30.60, for a total transaction of $4,984,740.00.
  • On Friday, March 18th, Mudrick Capital Management, L. sold 191,558 shares of Thryv stock. The stock was sold at an average price of $30.96, for a total transaction of $5,930,635.68.

THRY stock traded up $0.33 during mid-day trading on Thursday, hitting $25.44. 315,024 shares of the company were exchanged, compared to its average volume of 226,564. The company has a market capitalization of $871.04 million, a PE ratio of 9.71 and a beta of 1.25. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.40. Thryv Holdings, Inc. has a twelve month low of $23.32 and a twelve month high of $42.99. The firm has a fifty day simple moving average of $26.83 and a 200 day simple moving average of $31.50.

Thryv (NASDAQ:THRY – Get Rating) last announced its quarterly earnings data on Wednesday, May 4th. The company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.26. The company had revenue of $308.40 million during the quarter, compared to analyst estimates of $286.85 million. Thryv had a net margin of 8.64% and a return on equity of 36.69%. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period last year, the business earned $1.07 EPS. As a group, sell-side analysts anticipate that Thryv Holdings, Inc. will post 2.94 earnings per share for the current year.

A number of hedge funds have recently made changes to their positions in THRY. Morgan Stanley acquired a new position in Thryv during the 2nd quarter worth $1,463,000. Bank of America Corp DE lifted its position in shares of Thryv by 33.7% in the 2nd quarter. Bank of America Corp DE now owns 1,365 shares of the company’s stock worth $49,000 after buying an additional 344 shares during the last quarter. BlackRock Inc. lifted its position in shares of Thryv by 86.2% in the 3rd quarter. BlackRock Inc. now owns 585,204 shares of the company’s stock worth $17,579,000 after buying an additional 270,979 shares during the last quarter. Citigroup Inc. lifted its position in shares of Thryv by 184.1% in the 3rd quarter. Citigroup Inc. now owns 875 shares of the company’s stock worth $26,000 after buying an additional 567 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Thryv by 1,138.1% in the 3rd quarter. Goldman Sachs Group Inc. now owns 260,519 shares of the company’s stock worth $7,826,000 after buying an additional 239,477 shares during the last quarter. 91.93% of the stock is owned by institutional investors.

THRY has been the subject of a number of recent analyst reports. B. Riley lowered their price target on shares of Thryv from $50.00 to $42.00 in a report on Wednesday, March 2nd. Zacks Investment Research raised shares of Thryv from a “hold” rating to a “strong-buy” rating and set a $28.00 price target for the company in a report on Wednesday, May 11th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Thryv presently has an average rating of “Buy” and an average price target of $38.92.

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.

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