Thumzup Media (NASDAQ:TZUP) Earns Sell (D-) Rating from Weiss Ratings

Key Points

• Thumzup Media's stock has been assigned a "sell (D-)" rating by Weiss Ratings, suggesting poor performance expectations moving forward.
• The company recently recorded earnings of ($0.12) EPS for the quarter and implemented a stock buyback program totaling $10 million, indicating management's belief that their stock is undervalued.
• Institutional investors have shown interest in the stock, with Kelstra Private Wealth Services increasing its holdings by 195.5% in the first quarter.

Thumzup Media (NASDAQ:TZUP - Get Free Report)'s stock had its "sell (d-)" rating reiterated by stock analysts at Weiss Ratings in a research report issued 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 note on Sunday, August 24th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of "Sell".

Thumzup Media Stock Up 0.8%

TZUP traded up $0.04 during trading on Wednesday, reaching $5.32. The stock had a trading volume of 149,387 shares, compared to its average volume of 484,273. The stock has a 50 day moving average of $6.95 and a two-hundred day moving average of $7.32. Thumzup Media has a 1-year low of $2.02 and a 1-year high of $16.49. The firm has a market capitalization of $86.56 million and a price-to-earnings ratio of -7.29.

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

Thumzup Media announced that its board has approved a stock buyback program on Wednesday, September 24th that authorizes the company to repurchase $10.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 13.5% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's management believes its stock is undervalued.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of TZUP. Kestra Private Wealth Services LLC raised its holdings in Thumzup Media by 195.5% in the 1st quarter. Kestra Private Wealth Services LLC now owns 39,300 shares of the company's stock valued at $159,000 after acquiring an additional 26,000 shares in the last quarter. Marshall Wace LLP acquired a new position in Thumzup Media during the second quarter valued at approximately $207,000. Finally, Geode Capital Management LLC increased its holdings in Thumzup Media by 27.4% in the second quarter. Geode Capital Management LLC now owns 43,596 shares of the company's stock valued at $306,000 after purchasing an additional 9,371 shares during the period.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.