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Joe Walsh, the Chairman and CEO of Thryv Holdings, Inc. (NASDAQ:THRY), recently acquired 5,000 common shares of the company at a price of $16.45 per share, totaling approximately $82,250. This transaction, dated March 3, 2025, increases Walsh’s direct ownership to 603,812 shares. Additionally, Walsh holds 1,625,206 shares indirectly through a trust. According to InvestingPro data, the company’s stock is currently trading near its Fair Value, with analysts setting price targets between $24 and $30.
These transactions reflect Walsh’s continued investment in Thryv Holdings, a company known for its services in the advertising sector. While the company posted a revenue of $824M in the last twelve months, InvestingPro analysis indicates expectations of profitability in 2025, with forecasted earnings of $0.84 per share. Investors often closely monitor such insider transactions for insights into the executive’s confidence in the company’s future performance. For deeper insights into THRY’s valuation and growth prospects, including 12+ additional ProTips and comprehensive financial analysis, explore the full Pro Research Report available on InvestingPro.
In other recent news, Thryv Holdings Inc. reported strong financial results for Q4 2024, highlighting a significant 41% year-over-year increase in its SaaS revenue, reaching $104.3 million. The company also saw a 73% rise in total subscribers, totaling 114,000. Thryv completed the acquisition of Keap, which is expected to contribute $75 million to $78 million in revenue for 2025. The company prepaid $78.8 million in debt for 2024, improving its financial position. Analysts have maintained their projections, with Thryv’s SaaS revenue for 2025 expected to be between $464.5 million and $474 million. The acquisition of Keap is anticipated to enhance Thryv’s partner channel and cross-sell opportunities. Furthermore, Thryv’s SaaS adjusted gross margin increased to 76% in Q4, reflecting the company’s focus on profitability. These developments underscore Thryv’s strategic initiatives and growth trajectory in the SaaS market.
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