Beamr video compression achieves up to 50% improvement for AVs
John Slater, a director at Thryv Holdings, Inc. (NASDAQ:THRY), a $731 million market cap company, recently purchased a total of $16,587 in common shares, according to a filing with the Securities and Exchange Commission. While the company isn’t currently profitable, InvestingPro analysis shows analysts expect a return to profitability this year. The transactions occurred over two days, with Slater acquiring 700 shares at $16.53 each on March 4, followed by an additional 300 shares at $16.72 each on March 5. After these transactions, Slater’s total holdings in Thryv stand at 20,835 shares. The stock has gained nearly 15% year-to-date, with analysts setting price targets between $24 and $30. For deeper insights into insider trading patterns and comprehensive analysis, access the full Pro Research Report available on InvestingPro.
In other recent news, Thryv Holdings Inc. reported strong financial results for Q4 2024, driven by a significant 41% year-over-year increase in revenue from its SaaS segment, reaching $104.3 million. The company also completed the acquisition of Keap, which is expected to enhance its partner channel and contribute $75 million to $78 million in revenue for 2025. Additionally, Thryv prepaid $78.8 million in debt for 2024, improving its financial position. Analysts from Craig Hallum and Needham noted the strategic importance of the Keap acquisition and the company’s focus on SaaS growth. The acquisition is anticipated to contribute to Thryv’s projected SaaS revenue growth of 35% to 38% in 2025. The company’s total subscribers increased by 73% year-over-year to 114,000, indicating strong market demand for its offerings. Thryv’s net revenue retention was reported at 98%, showcasing the company’s ability to maintain its customer base. These developments reflect Thryv’s ongoing transformation and strategic initiatives in the SaaS market.
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