Thryv (NASDAQ:THRY) Shares Gap Up After Better-Than-Expected Earnings

Thryv Holdings, Inc. (NASDAQ:THRY)’s share price gapped up prior to trading on Thursday after the company announced better than expected quarterly earnings. The stock had previously closed at $18.61, but opened at $20.92. Thryv shares last traded at $17.78, with a volume of 37,731 shares.

The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.26. Thryv had a negative return on equity of 42.95% and a negative net margin of 38.87%. The firm had revenue of $186.60 million for the quarter, compared to analysts’ expectations of $183.02 million.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on THRY. Needham & Company LLC reaffirmed a “buy” rating and set a $28.00 price objective on shares of Thryv in a research report on Wednesday, January 15th. Robert W. Baird lowered their target price on Thryv from $25.00 to $20.00 and set an “outperform” rating for the company in a report on Friday, November 8th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC lifted its position in Thryv by 1.3% in the 3rd quarter. FMR LLC now owns 5,425,792 shares of the company’s stock worth $93,486,000 after buying an additional 71,174 shares in the last quarter. Paulson & CO. Inc. grew its position in Thryv by 114.0% in the fourth quarter. Paulson & CO. Inc. now owns 4,280,000 shares of the company’s stock worth $63,344,000 after acquiring an additional 2,280,000 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Thryv by 22.5% during the 4th quarter. Vanguard Group Inc. now owns 2,983,416 shares of the company’s stock worth $44,155,000 after purchasing an additional 548,864 shares during the last quarter. Samjo Management LLC raised its holdings in shares of Thryv by 7.7% during the 4th quarter. Samjo Management LLC now owns 2,249,345 shares of the company’s stock valued at $33,290,000 after purchasing an additional 160,185 shares in the last quarter. Finally, State Street Corp lifted its stake in shares of Thryv by 2.0% in the 3rd quarter. State Street Corp now owns 1,159,541 shares of the company’s stock valued at $19,979,000 after purchasing an additional 22,460 shares during the last quarter. 96.38% of the stock is currently owned by institutional investors and hedge funds.

Thryv Price Performance

The company has a debt-to-equity ratio of 2.70, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a market capitalization of $734.53 million, a P/E ratio of -1.81 and a beta of 0.90. The stock’s fifty day moving average is $16.69 and its 200-day moving average is $16.69.

Thryv Company Profile

Thryv Holdings, Inc provides digital marketing solutions and cloud-based tools to the small-to-medium sized businesses in the United States. It operates through four segments: Thryv U.S. Marketing Services, Thryv U.S. SaaS, Thryv International Marketing Services, and Thryv International SaaS. The company provides print yellow pages, internet yellow pages, and search engine marketing; and other digital media solutions, such as online display and social advertising, online presence and video, and search engine optimization tools.