Thryv (NASDAQ:THRY) Shares Gap Up After Earnings Beat

Shares of Thryv Holdings, Inc. (NASDAQ:THRY) gapped up prior to trading on Thursday following a stronger than expected earnings report. 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 for the quarter, beating 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%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on THRY shares. Robert W. Baird dropped their price target on Thryv from $25.00 to $20.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. Needham & Company LLC reissued a “buy” rating and set a $28.00 price target on shares of Thryv in a research report on Wednesday, January 15th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Thryv by 13.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 69,409 shares of the company’s stock valued at $1,027,000 after acquiring an additional 8,340 shares during the last quarter. Two Sigma Investments LP acquired a new position in shares of Thryv during the fourth quarter worth about $1,381,000. Point72 Asset Management L.P. acquired a new position in shares of Thryv during the fourth quarter worth about $956,000. ProShare Advisors LLC acquired a new position in shares of Thryv during the fourth quarter worth about $167,000. Finally, Nuveen Asset Management LLC lifted its stake in shares of Thryv by 9.3% during the fourth quarter. Nuveen Asset Management LLC now owns 82,001 shares of the company’s stock worth $1,214,000 after purchasing an additional 6,991 shares in the last quarter. Institutional investors and hedge funds own 96.38% of the company’s stock.

Thryv Stock Performance

The stock has a 50 day simple moving average of $16.64 and a 200 day simple moving average of $16.68. The company has a market cap of $754.54 million, a price-to-earnings ratio of -1.86 and a beta of 0.90. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 2.70.

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.