Thumzup Media (NASDAQ:TZUP) Stock Rating Upgraded by Wall Street Zen

Thumzup Media (NASDAQ:TZUP) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.

Thumzup Media Price Performance

Shares of TZUP opened at $9.95 on Friday. Thumzup Media has a 1 year low of $2.02 and a 1 year high of $16.49. The company has a 50 day simple moving average of $10.38 and a two-hundred day simple moving average of $6.76. The firm has a market cap of $112.04 million and a P/E ratio of -13.63.

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

Insider Transactions at Thumzup Media

In other Thumzup Media news, CEO Robert A. Steele sold 2,500,000 shares of the stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $0.50, for a total transaction of $1,250,000.00. Following the completion of the sale, the chief executive officer directly owned 602,000 shares of the company’s stock, valued at $301,000. This trade represents a 80.59% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 43.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Thumzup Media

A number of institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC purchased a new position in shares of Thumzup Media in the fourth quarter valued at $80,000. Kestra Private Wealth Services LLC grew its holdings in shares of Thumzup Media by 195.5% in the first quarter. Kestra Private Wealth Services LLC now owns 39,300 shares of the company’s stock valued at $159,000 after purchasing an additional 26,000 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in shares of Thumzup Media in the second 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.