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

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 changing hands.

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

Wall Street Analysts Forecast Growth

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

Institutional Trading of Thryv

A number of institutional investors have recently modified their holdings of THRY. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake 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 stake in shares of Thryv in the 4th quarter valued at $1,381,000. Point72 Asset Management L.P. bought a new position in shares of Thryv in the 4th quarter valued at $956,000. ProShare Advisors LLC acquired a new position in shares of Thryv during the 4th quarter worth $167,000. Finally, Nuveen Asset Management LLC lifted its position in shares of Thryv by 9.3% during the 4th quarter. Nuveen Asset Management LLC now owns 82,001 shares of the company’s stock worth $1,214,000 after buying an additional 6,991 shares during the last quarter. 96.38% of the stock is currently owned by institutional investors.

Thryv Stock Down 6.1 %

The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 2.70. The firm has a 50 day moving average of $16.69 and a two-hundred day moving average of $16.69. The firm has a market capitalization of $734.53 million, a price-to-earnings ratio of -1.81 and a beta of 0.90.

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.