Insider Buying: Thumzup Media (NASDAQ:TZUP) CEO Purchases 2,000 Shares of Stock

Key Points

• Thumzup Media CEO Robert Steele purchased 2,000 shares of company stock at $5.16 per share, increasing his total ownership to approximately 608,780 shares valued at over $3.1 million.
• The company reported a quarterly loss of ($0.12) earnings per share (EPS) in its latest results, contributing to a negative price-to-earnings ratio of -7.05.
• Analysts have downgraded Thumzup Media from a "hold" rating to a "sell" rating, as indicated by Wall Street Zen on August 24th.

Thumzup Media Corporation (NASDAQ:TZUP - Get Free Report) CEO Robert Steele acquired 2,000 shares of the company's stock in a transaction that occurred on Friday, August 29th. The stock was purchased at an average cost of $5.16 per share, with a total value of $10,320.00. Following the completion of the purchase, the chief executive officer directly owned 608,780 shares in the company, valued at $3,141,304.80. This represents a 0.33% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Thumzup Media Price Performance

TZUP traded down $0.32 during trading on Tuesday, reaching $5.13. 200,843 shares of the stock were exchanged, compared to its average volume of 349,110. The company has a market capitalization of $83.48 million and a price-to-earnings ratio of -7.05. Thumzup Media Corporation has a 1 year low of $2.02 and a 1 year high of $16.49. The business's 50 day moving average price is $10.06 and its two-hundred day moving average price is $7.00.

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

Hedge Funds Weigh In On Thumzup Media

A number of institutional investors and hedge funds have recently modified their holdings of TZUP. Geode Capital Management LLC purchased a new position in shares of Thumzup Media during the 4th quarter valued at $80,000. Kestra Private Wealth Services LLC lifted its holdings in shares of Thumzup Media by 195.5% in the 1st quarter. Kestra Private Wealth Services LLC now owns 39,300 shares of the company's stock worth $159,000 after acquiring an additional 26,000 shares during the last quarter. Finally, Marshall Wace LLP purchased a new stake in shares of Thumzup Media in the 2nd quarter valued at $207,000.

Analyst Ratings Changes

Separately, Wall Street Zen cut Thumzup Media from a "hold" rating to a "sell" rating in a report on Sunday, August 24th.

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.

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