Thumzup Media’s (TZUP) “Sell (D-)” Rating Reiterated at Weiss Ratings

Weiss Ratings restated their sell (d-) rating on shares of Thumzup Media (NASDAQ:TZUP) in a research report released on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen downgraded shares of Thumzup Media from a “hold” rating to a “sell” rating in a research report on Sunday, August 24th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Thumzup Media Price Performance

Shares of TZUP stock opened at $5.04 on Wednesday. The company’s fifty day moving average price is $6.65 and its two-hundred day moving average price is $7.33. The firm has a market capitalization of $82.00 million and a P/E ratio of -6.90. Thumzup Media has a 12 month low of $2.02 and a 12 month high of $16.49.

Thumzup Media (NASDAQ:TZUP) last released its earnings results on Thursday, August 14th. The company reported ($0.12) earnings per share for the quarter.

Thumzup Media announced that its Board of Directors has authorized a share repurchase plan on Wednesday, September 24th that allows the company to buyback $10.00 million in shares. This buyback authorization allows the company to buy up to 13.5% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its shares are undervalued.

Institutional Investors Weigh In On Thumzup Media

A number of institutional investors have recently modified their holdings of TZUP. Kestra Private Wealth Services LLC grew its position in shares of Thumzup Media by 195.5% during the 1st quarter. Kestra Private Wealth Services LLC now owns 39,300 shares of the company’s stock valued at $159,000 after buying an additional 26,000 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Thumzup Media by 27.4% during the 2nd quarter. Geode Capital Management LLC now owns 43,596 shares of the company’s stock valued at $306,000 after buying an additional 9,371 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of Thumzup Media during the 2nd quarter valued at about $207,000.

Thumzup Media Company Profile

Thumzup Media Corporation is a provider of social media branding and marketing solutions which allow businesses and brands to pay customers and fans cash through Venmo and PayPal for their posts on social media. Thumzup Media Corporation is based in Los Angeles, CA.