Thryv Holdings director Slater John buys $9,055 in company shares

In a recent transaction, Thryv Holdings, Inc. (NASDAQ:THRY) director Slater John increased his stake in the company by purchasing shares valued at a total of $9,055. The transaction, dated September 4, 2024, involved the acquisition of 500 common shares at a price of $18.11 each.

This latest share acquisition by Slater John reflects a continued confidence in the advertising services company, which operates under the standard industrial classification of Services-Advertising. Following the transaction, Slater John now directly owns a total of 19,835 common shares in Thryv Holdings, Inc.

The details of the transaction were disclosed in a Form 4 filing with the Securities and Exchange Commission, which was filed on September 6, 2024. The Form 4 is a document that provides transparency into the trading activities of a company's directors and senior executives, offering investors insight into the internal assessments of the company's value by its own leadership.

Investors often monitor such insider transactions as they can provide signals about the management's perspective on the company's future performance. While the acquisition of shares by a director is a single data point, it contributes to the overall picture of corporate insider sentiment.

Thryv Holdings, Inc., formerly known as Dex Media, Inc., has its headquarters in Texas and is incorporated in Delaware. The company has been providing advertising services and is well-known in the industry for its strategic marketing solutions.

The purchase by Slater John is a sign of personal investment in the company's growth and may be seen by the market as a positive indicator of the company's prospects. However, investors are always encouraged to look at the broader context and combine such insider trading information with other data points and market analysis when making investment decisions.

In other recent news, Thryv Holdings, Inc. has reported a strong performance in the second quarter of 2024, particularly in their Software as a Service (SaaS) segment. The company saw a significant 25% year-over-year increase in SaaS revenue, reaching $77.8 million, and a 60% increase in adjusted SaaS EBITDA to $10 million. This growth is attributed to a 52% rise in subscribers to their SaaS platform and the successful transition of legacy clients. Thryv is also exploring mergers and acquisitions opportunities to strengthen its market position.

The company has projected that SaaS revenue will represent over 40% of their consolidated revenues in 2024 and more than 50% in 2025. Full-year guidance for SaaS revenue is expected to be between $326 million and $329 million, with adjusted EBITDA increased to a range of $30 million to $32 million. Despite the acknowledged challenges in the business environment, Thryv is confident in its growth strategy and profitability, which is reflected in its robust sales volume and growing average revenue per user.

These are recent developments, indicating a positive outlook for Thryv's SaaS business. The company's ongoing enhancements to its AI capabilities and potential for future product rollouts further demonstrate its commitment to growth and profitability.

InvestingPro Insights

Thryv Holdings, Inc. (NASDAQ:THRY) has recently seen notable insider activity, with director Slater John increasing his stake in the company. This move aligns with the InvestingPro Tips that highlight the company's high shareholder yield and the fact that its liquid assets exceed its short-term obligations. Such financial stability could be a factor in the director's decision to invest further in Thryv Holdings.

InvestingPro Data reveals several key metrics that provide a deeper understanding of the company's current financial health. As of the last twelve months leading up to the second quarter of 2024, Thryv Holdings has a market capitalization of $633.49 million. Despite facing a sales decline, with revenue growth decreasing by 16.96% during the same period, the company's gross profit margin remains robust at 64.44%. This indicates a strong ability to control costs and maintain profitability on its services.

However, the company has not been profitable over the last twelve months, as reflected by a negative P/E ratio of -2.28. Analysts predict that Thryv Holdings will turn profitable this year, which could be a pivotal moment for the company's financial trajectory. It's also noteworthy that the company has provided a high return over the last decade, yet it does not pay a dividend to shareholders.

For investors looking for more comprehensive analysis, there are additional InvestingPro Tips available on the InvestingPro platform, which could provide further insights into Thryv Holdings' performance and future outlook.

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