A company insider recently sold 126,500 shares of Thryv Holdings Inc. [THRY]. Should You Sale?

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Thryv Holdings Inc. shares valued at $2,982,870 were sold by Mudrick Capital Management, L. on Jul 21. At $23.58 per share, Mudrick Capital Management, L. sold 126,500 shares. The insider’s holdings dropped to 5,111,644 shares worth approximately $135.46 million following the completion of this transaction.


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Also, Mudrick Capital Management, L. sold 321,432 shares, netting a total of over 7,605,081 in proceeds. Following the sale of shares at $23.66 each, the insider now holds 5,238,144 shares.

Before that, Mudrick Capital Management, L. had sold 100,000 shares from its account. In a trade valued at $2,342,000, the 10% Owner traded Thryv Holdings Inc. shares for $23.42 each. Upon closing the transaction, the insider’s holdings decreased to 100,000 shares, worth approximately $147.33 million.

As published in their initiating research note from Robert W. Baird on July 23, 2021, Thryv Holdings Inc. [THRY] has been an Outperform and the price target has been revised to $43. This represents a 38.37% premium over Thursday’s closing price. Analysts at B. Riley Securities started covering the stock with ‘”a Buy”‘ outlook in a report released in mid July. As of June 28, 2021, Needham has initiated its “Buy” rating for THRY. Earlier on June 03, 2021, CJS Securities initiated its rating. Their recommendation was “a Market outperform” for THRY stock.

Analyzing THRY’s Price Performance

On Thursday, Thryv Holdings Inc. [NASDAQ: THRY] rose 7.07% to $26.50. The stock’s lowest price that day was $26.14, but it reached a high of $27.76 in the same session. During the last five days, there has been a surge of approximately 10.05%. Over the course of the year, Thryv Holdings Inc. shares have dropped approximately -35.57%. Shares of the company reached a 52-week high of $42.99 on 01/03/22 and a 52-week low of $21.41 on 07/12/22. A 50-day SMA is recorded $23.91, while a 200-day SMA reached $29.75. Nevertheless, trading volume fell to 1.91 million shares from 94000.0 shares the previous day.

Support And Resistance Levels for Thryv Holdings Inc. (THRY)

According to the 24-hour chart, there is a support level at 25.84, which, if violated, would cause prices to drop to 25.18. In the upper region, resistance lies at 27.46. The next price resistance is at 28.42. RSI (Relative Strength Index) is 71.70 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.16, which suggests the price will increase in the coming days. Percent R is at 24.95%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.

Is Thryv Holdings Inc. subject to short interest?

Stocks of Thryv Holdings Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 0.44 million shares to 2.93 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 2.49 million shares. A jump of 15.02% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 8.4 of the overall float, the days-to-cover ratio (short ratio) jumped to 8.4.

Which companies own the most shares of Thryv Holdings Inc. (THRY)?

According to Mudrick Capital Management LP filings, the company currently owns 5,111,644 shares, which is about 14.93% of the total THRY shares outstanding. The investor’s shares have plunged by -3,093,442 from its previous 13-F filing of 8205086.0 shares. With the completion of the buy transaction, Fidelity Management & Research Co’s stake is now worth $72,933,567. Wasatch Advisors, Inc. reduced a -10.30% interest valued at $48.38 million while Paulson & Co., Inc. sold a 0 stake. A total of 23,858 shares of Thryv Holdings Inc. were sold by BlackRock Fund Advisors during the quarter, and 392,464 were bought by FIAM LLC. In its current portfolio, The Vanguard Group, Inc. holds 1,181,793 shares valued at $26.46 million.

In terms of Thryv Holdings Inc. share price expectations, FactSet research, analysts set an average price target of $45.00 in the next 12 months, up nearly 77.78% from the previous closing price of $24.75. Analysts anticipate Thryv Holdings Inc. stock to reach $50.00 by 2022, with the lowest price target being $42.00. In spite of this, 5 analysts ranked Thryv Holdings Inc. stock as a Buy at the end of 2022. On March 22, 2021, CJS Securities assigned a price target of “a Market outperform” to the stock and initiated coverage with a $38.

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