Thryv Holdings Director Amer buys $22,152 worth of company stock by Investing.com

Director of Thryv Holdings, Inc. (NASDAQ:THRY)’s Amer Akhtar has made a notable investment in the company’s stock, according to a recent filing with the SEC. On September 18, Amer purchased 1,200 shares of Thryv Holdings at a price of $18.46 per share, for a total of $22,152.

This transaction indicates a vote of confidence from Amer in the future of Thryv Holdings, a company known for its services in the advertising sector. With this acquisition, Amer’s total holdings in the company increased to 20,535 common shares.

Investors often monitor insider trading because it can provide insight into the executive’s perspective on the company’s current valuation and future prospects. Although the reasons behind such trades can vary, they are often interpreted as a signal of the insider’s belief in the company’s growth potential or a fair valuation.

The acquisition by Amer comes at a time when insider trading activity is closely watched by the market as it can reflect management’s perspective on the company’s performance. Thryv Holdings, with a focus on advertising services, operates in an industry that is highly sensitive to economic cycles and technological change.

For shareholders and potential investors, such insider trading can provide valuable context when evaluating their investment decisions. However, it is essential to consider a wide range of factors when assessing the importance of insider trading within the broader framework of market dynamics and individual investment strategies.

In other recent news, Thryv Holdings, Inc. showed strong performance in the Software as a Service (SaaS) segment in Q2 2024. The company reported a significant 25% year-over-year increase in SaaS revenue to $77.8 million. This robust growth is attributed to subscriber growth and the successful transition of legacy customers to their SaaS platform. In addition, Thryv’s Adjusted SaaS EBITDA saw impressive growth, exceeding 60% year-over-year to $10 million.

The company is also exploring M&A opportunities to strengthen its market position. Thryv anticipates that SaaS revenue will account for more than 40% of their consolidated revenue in 2024 and more than 50% in 2025. Despite a challenging environment for companies selling to small businesses, Thryv is experiencing strong sales volume and growth in average revenue per user (ARPU). ). These are recent developments that highlight Thryv’s potential to strengthen its position in the SaaS market.

InvestingPro Insights

Thryv Holdings, Inc. (NASDAQ:THRY) has recently been the subject of attention due to insider trading activity, director Amer Akhtar increased his stake in the company. In light of this development, a closer look at Thryv’s financial health and market performance may provide additional context for investors and shareholders.

InvestingPro data shows that Thryv Holdings currently has a market capitalization of approximately $682.5 million. Despite the challenges facing the advertising industry, Thryv’s gross profit margin remains robust at 64.44% for the trailing twelve months through Q2 2024, demonstrating the company’s ability to maintain profitability in its operations. Additionally, the company’s liquid assets exceed short-term liabilities, indicating a strong liquidity position that can support ongoing business activities and potential growth initiatives.

However, it is important to note that analysts are anticipating a decline in sales this year, reflecting the potential difficulties the company may face. However, in a positive twist, analysts also predict that Thryv will be profitable this year, suggesting a rebound from the lack of profitability of the past twelve months.

InvestingPro’s advice for Thryv Holdings includes high shareholder return and high return over the past decade, which could be indicators of the company’s long-term value creation for its shareholders. This information, along with additional advice available on InvestingPro, can help investors make informed decisions. There are currently six more InvestingPro tips listed for Thryv Holdings, providing deeper analysis for those considering the company’s stock.

As Thryv Holdings navigates the dynamic advertising sector, these financials and expert insights can be crucial in evaluating the company’s potential stock. For more detailed analysis and advice, investors can consult InvestingPro’s full suite of tools and data.

This article was generated with support from AI and reviewed by an editor. For more information, see T&C.