Thryv (NASDAQ:THRY) Shares Gap Up - Should You Buy?

Thryv Holdings, Inc. (NASDAQ:THRY - Get Free Report)'s share price 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.

Analyst Ratings Changes

A number of equities analysts recently issued reports on THRY shares. Needham & Company LLC restated a "buy" rating and issued a $28.00 price objective on shares of Thryv in a report on Thursday, April 10th. Royal Bank of Canada assumed coverage on shares of Thryv in a report on Thursday, March 27th. They issued a "sector perform" rating and a $17.00 price objective for the company.

Thryv Trading Down 2.5 %

The company has a market capitalization of $510.48 million, a P/E ratio of -1.22 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 stock has a 50 day moving average of $15.06 and a 200-day moving average of $15.61.

Thryv (NASDAQ:THRY - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.19 EPS for the quarter, topping analysts' consensus estimates of ($0.07) by $0.26. The business had revenue of $186.60 million during the quarter, compared to analysts' expectations of $183.02 million. Thryv had a negative net margin of 38.87% and a negative return on equity of 42.95%. On average, research analysts predict that Thryv Holdings, Inc. will post -2.24 EPS for the current year.

Institutional Trading of Thryv

Hedge funds have recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB purchased a new position in shares of Thryv in the fourth quarter worth $44,000. Summit Investment Advisors Inc. lifted its stake in shares of Thryv by 27.7% in the 4th quarter. Summit Investment Advisors Inc. now owns 3,906 shares of the company's stock valued at $58,000 after purchasing an additional 848 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in Thryv during the fourth quarter valued at $92,000. Oregon Public Employees Retirement Fund raised its position in shares of Thryv by 18.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 9,509 shares of the company's stock worth $141,000 after acquiring an additional 1,500 shares during the period. Finally, ProShare Advisors LLC acquired a new position in Thryv in the 4th quarter worth about $167,000. 96.38% of the stock is owned by hedge funds and other institutional investors.

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.