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

Shares of Thryv Holdings, Inc. (NASDAQ:THRY) gapped up before the market opened 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 traded.

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

Analysts Set New Price Targets

Several research firms have recently weighed in on THRY. Needham & Company LLC reaffirmed a “buy” rating and issued a $28.00 price objective on shares of Thryv in a research note on Wednesday, January 15th. Robert W. Baird reduced their price objective on Thryv from $25.00 to $20.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th.

Institutional Investors Weigh In On Thryv

Several hedge funds have recently modified their holdings of the stock. FMR LLC raised its holdings in shares of Thryv by 1.3% during the 3rd quarter. FMR LLC now owns 5,425,792 shares of the company’s stock valued at $93,486,000 after buying an additional 71,174 shares during the period. Paulson & CO. Inc. raised its holdings in shares of Thryv by 114.0% during the 4th quarter. Paulson & CO. Inc. now owns 4,280,000 shares of the company’s stock valued at $63,344,000 after buying an additional 2,280,000 shares during the period. Vanguard Group Inc. raised its holdings 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 valued at $44,155,000 after buying an additional 548,864 shares during the period. 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 buying an additional 160,185 shares during the period. Finally, State Street Corp raised its holdings in shares of Thryv by 2.0% during the 3rd quarter. State Street Corp now owns 1,159,541 shares of the company’s stock valued at $19,979,000 after buying an additional 22,460 shares during the period. 96.38% of the stock is currently owned by hedge funds and other institutional investors.

Thryv Trading Down 1.3 %

The firm has a market capitalization of $724.86 million, a PE ratio of -1.78 and a beta of 0.90. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a fifty day moving average of $16.75 and a 200 day moving average of $16.69.

About Thryv

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.