Insider Trading Alert: Thryv Holdings, Inc. Director Increases Stake by $9,055
In a recent disclosure, Thryv Holdings, Inc. (NASDAQ:THRY) director Slater John boosted his ownership in the company by purchasing $9,055 worth of shares on September 4, 2024. This transaction involved the acquisition of 500 common shares at a price of $18.11 each.
This move by Slater John showcases his confidence in the advertising services company, which is known for its strategic marketing solutions. With a total of 19,835 common shares now owned directly by Slater John, investors are taking note of this insider activity as it can provide valuable insights into the company's future performance.
Thryv Holdings, Inc., previously Dex Media, Inc., based in Texas, has reported strong growth in its Software as a Service (SaaS) segment, with a 25% year-over-year increase in SaaS revenue and a 60% rise in adjusted SaaS EBITDA. The company is optimistic about its growth strategy and profitability, backed by robust sales and expanding average revenue per user metrics.
For investors, it's essential to consider the broader context and combine insider trading information with market analysis when making investment decisions. Thryv Holdings' recent financial performance and strategic initiatives indicate a positive outlook for the company's growth potential.
Analyzing Thryv Holdings, Inc.'s financial health, the company has a solid gross profit margin of 64.44%, indicating strong cost management. Although not profitable in the last twelve months, analysts predict a turnaround in the near future. Additionally, Thryv Holdings' high shareholder yield and financial stability are factors to consider for potential investors.
Overall, Thryv Holdings, Inc.'s recent insider activity, coupled with its growth projections and financial metrics, present an opportunity for investors to delve deeper into the company's performance and future prospects. Stay informed with InvestingPro Tips for comprehensive analysis on Thryv Holdings' stock performance and outlook.