Intel stock extends gains after report of possible U.S. government stake
Freeman Grant, President of Thryv Holdings, Inc. (NASDAQ:THRY), recently acquired 500 common shares of the company at a price of $16.82 per share. The purchase, filed in a Form 4 with the Securities and Exchange Commission, totaled $8,410. Following this transaction, Grant’s direct ownership in the company stands at 164,763 shares. The insider purchase comes as the stock trades near $15.60, down about 29% over the past year, though InvestingPro analysis suggests the stock is currently undervalued. This acquisition reflects a continued investment in Thryv Holdings, a company known for its advertising services. While currently unprofitable, analysts expect a return to profitability this year, with price targets ranging from $24 to $30. For deeper insights into THRY’s valuation and growth prospects, check out the comprehensive research available on InvestingPro, which includes additional ProTips and detailed financial analysis.
In other recent news, Thryv Holdings Inc. reported impressive financial results for Q4 2024, with its SaaS segment achieving a remarkable 41% year-over-year revenue growth, totaling $104.3 million. The company also completed the acquisition of Keap, which is expected to contribute significantly to future revenue streams. Analysts have noted the company’s strategic focus on expanding its SaaS offerings, as evidenced by the successful integration of Keap and the anticipated synergies from this acquisition. Additionally, Thryv prepaid $78.8 million in debt for 2024, strengthening its financial position. The company’s total subscribers increased by 73% year-over-year to 114,000, demonstrating strong market demand for its offerings. The SaaS adjusted gross margin improved to 76% in Q4, reflecting operational efficiency and cost management. Looking forward, Thryv projects its total SaaS revenue for 2025 to be between $464.5 million and $474 million, with SaaS expected to comprise 60% of total revenues. Analyst firms such as Craig Hallum and Needham have shown interest in Thryv’s growth strategy, particularly in relation to the cross-sell opportunities with Keap and the company’s focus on increasing average revenue per user in 2025.
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