Thryv Holdings, Inc. (THRY): A Bull Case Theory

We came across a bullish thesis on Thryv Holdings, Inc. (THRY) on Substack by Inflexio Research. In this article, we will summarize the bulls’ thesis on THRY. Thryv Holdings, Inc. (THRY)’s share was trading at $15.72 as of March 10^th. THRY’s trailing P/E was 15.31 according to Yahoo Finance.

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Thryv Holdings (THRY) reported a strong Q4 2024, exceeding estimates for both revenue and EBITDA. Its SaaS segment continues to perform well, delivering 23% organic growth, in line with guidance, with additional upside from Keap. Notably, SaaS EBITDA reached a record-high 16.6%, and the company achieved the Rule of 40 for the second consecutive quarter, reinforcing its long-term growth potential. The 2025 guidance offered no surprises, as it had already been outlined during the investor day. Despite concerns about a slowdown in sequential organic SaaS client growth and softer Q1 guidance, these issues are purely seasonal and have followed a similar pattern in past years. Net adds in Q4 2022 were 1,000, in Q4 2023 zero, and in Q4 2024, 3,000. This pattern also explains the perceived Q1 2025 SaaS revenue ‘weakness,’ as the consensus had modeled a more linear growth trajectory. The market’s reaction to these short-term fluctuations fails to recognize Thryv’s sustained trajectory, making the current stock price an attractive entry point for long-term investors. The company is well-positioned for substantial upside over the next 3-5 years. Those willing to endure short-term volatility stand to benefit significantly as Thryv’s SaaS segment continues its upward momentum.

Thryv Holdings, Inc. (THRY) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 23 hedge fund portfolios held THRY at the end of the third quarter which was 18 in the previous quarter. While we acknowledge the risk and potential of THRY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than THRY but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None. This article was originally published at Insider Monkey.