Kestra Private Wealth Services LLC Grows Stock Position in Thumzup Media Corporation (NASDAQ:TZUP)

Key Points

• Kestra Private Wealth Services LLC increased its stake in Thumzup Media Corporation by 195.5%, acquiring an additional 26,000 shares, bringing its total to 39,300 shares valued at approximately $159,000.
• Shares of Thumzup Media have shown significant volatility, with a 52-week low of $2.02 and a high of $15.61, currently trading at $14.33.
• CEO Robert A. Steele sold 2,500,000 shares of the company's stock, which represents an 80.59% decrease in his position, valued at $1.25 million.

Kestra Private Wealth Services LLC raised its stake in shares of Thumzup Media Corporation (NASDAQ:TZUP - Free Report) by 195.5% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 39,300 shares of the company's stock after buying an additional 26,000 shares during the period. Kestra Private Wealth Services LLC owned about 0.41% of Thumzup Media worth $159,000 at the end of the most recent quarter.

Separately, Geode Capital Management LLC acquired a new stake in shares of Thumzup Media during the 4th quarter valued at about $80,000.

Thumzup Media Price Performance

TZUP stock traded down $0.13 during trading on Friday, hitting $12.77. The stock had a trading volume of 37,153 shares, compared to its average volume of 226,975. Thumzup Media Corporation has a twelve month low of $2.02 and a twelve month high of $15.61. The stock has a market capitalization of $123.59 million and a P/E ratio of -18.78. The company's 50-day moving average price is $9.48 and its two-hundred day moving average price is $6.06.

Thumzup Media (NASDAQ:TZUP - Get Free Report) last posted its quarterly earnings data on Thursday, May 15th. The company reported ($0.22) earnings per share (EPS) for the quarter.

Insider Transactions at Thumzup Media

In related news, CEO Robert A. Steele sold 2,500,000 shares of Thumzup Media stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $0.50, for a total value of $1,250,000.00. Following the sale, the chief executive officer directly owned 602,000 shares in the company, valued at approximately $301,000. The trade was a 80.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 43.50% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen cut Thumzup Media from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd.

Thumzup Media 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.