Thryv (NASDAQ:THRY) Shares Gap Up – Time to Buy?

Thryv Holdings, Inc. (NASDAQ:THRY) gapped up prior to trading on Wednesday . The stock had previously closed at $11.44, but opened at $11.84. Thryv shares last traded at $11.62, with a volume of 37,141 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages have commented on THRY. Royal Bank of Canada initiated coverage on Thryv in a research note on Thursday, March 27th. They issued a “sector perform” rating and a $17.00 target price on the stock. Needham & Company LLC restated a “buy” rating and issued a $28.00 price objective on shares of Thryv in a research note on Thursday, April 10th.

Thryv Stock Down 0.3 %

The stock has a market capitalization of $494.86 million, a P/E ratio of -1.18 and a beta of 1.03. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 2.70. The firm’s fifty day moving average is $15.51 and its 200-day moving average is $15.73.

Thryv (NASDAQ:THRY) last announced its earnings results on Thursday, February 27th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.26. The company had revenue of $186.60 million for the quarter, compared to analyst estimates of $183.02 million. Thryv had a negative net margin of 38.87% and a negative return on equity of 42.95%. As a group, equities research analysts predict that Thryv Holdings, Inc. will post -2.24 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Paulson & CO. Inc. grew its stake in Thryv by 114.0% in the fourth quarter. Paulson & CO. Inc. now owns 4,280,000 shares of the company’s stock valued at $63,344,000 after acquiring an additional 2,280,000 shares during the period. J. Goldman & Co LP acquired a new position in shares of Thryv during the 4th quarter worth approximately $13,654,000. Vanguard Group Inc. raised its position in Thryv by 22.5% during the fourth quarter. Vanguard Group Inc. now owns 2,983,416 shares of the company’s stock worth $44,155,000 after acquiring an additional 548,864 shares in the last quarter. Ghisallo Capital Management LLC acquired a new stake in Thryv in the fourth quarter valued at $7,400,000. Finally, Whetstone Capital Advisors LLC increased its stake in shares of Thryv by 131.6% during the 4th quarter. Whetstone Capital Advisors LLC now owns 650,674 shares of the company’s stock worth $9,630,000 after purchasing an additional 369,763 shares during the last quarter. Institutional investors and hedge funds own 96.38% of the company’s stock.

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.