Thumzup Media (NASDAQ:TZUP) Trading Down 8.2% – Here’s Why
by Michael Walen · The Markets DailyThumzup Media Corporation (NASDAQ:TZUP – Get Free Report)’s stock price traded down 8.2% during trading on Wednesday . The stock traded as low as $4.47 and last traded at $4.4910. 262,216 shares traded hands during mid-day trading, a decline of 18% from the average session volume of 320,028 shares. The stock had previously closed at $4.89.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Thumzup Media in a research report on Monday, December 15th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Thumzup Media has a consensus rating of “Sell”.
View Our Latest Report on Thumzup Media
Thumzup Media Price Performance
The firm has a market capitalization of $74.28 million, a PE ratio of -3.12 and a beta of 0.51. The business’s 50 day moving average is $4.27 and its two-hundred day moving average is $6.61.
Thumzup Media (NASDAQ:TZUP – Get Free Report) last issued its quarterly earnings results on Friday, November 14th. The company reported ($0.77) EPS for the quarter. The firm had revenue of $0.00 million for the quarter.
Thumzup Media announced that its Board of Directors has initiated a stock buyback program on Wednesday, September 24th that permits the company to buyback $10.00 million in shares. This buyback authorization permits the company to reacquire up to 13.5% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.
Hedge Funds Weigh In On Thumzup Media
Large investors have recently modified their holdings of the company. FNY Investment Advisers LLC purchased a new stake in Thumzup Media in the third quarter worth approximately $156,000. Kestra Private Wealth Services LLC lifted its holdings in shares of Thumzup Media by 18.6% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 43,400 shares of the company’s stock worth $217,000 after acquiring an additional 6,800 shares during the last quarter. Susquehanna International Group LLP purchased a new stake in shares of Thumzup Media in the 3rd quarter valued at $51,000. Vanguard Group Inc. grew its holdings in shares of Thumzup Media by 401.3% during the 3rd quarter. Vanguard Group Inc. now owns 283,270 shares of the company’s stock valued at $1,416,000 after purchasing an additional 226,767 shares during the last quarter. Finally, Marshall Wace LLP bought a new position in shares of Thumzup Media during the 2nd quarter valued at $207,000.
About Thumzup Media
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.