Thumzup Media (NASDAQ:TZUP) Posts Quarterly Earnings Results

Key Points

• Thumzup Media reported a quarterly loss of ($0.12) earnings per share (EPS), leading to a 5.2% drop in its stock price, trading at $9.57.
• CEO Robert A. Steele sold 2.5 million shares at an average price of $0.50, resulting in an 80.59% decrease in their shareholding.
• Geode Capital Management LLC increased its stake in Thumzup Media by 27.4%, owning 43,596 shares valued at approximately $306,000.

Thumzup Media (NASDAQ:TZUP - Get Free Report) issued its earnings results on Thursday. The company reported ($0.12) earnings per share (EPS) for the quarter, Zacks reports.

Thumzup Media Stock Down 5.2%

Shares of TZUP stock traded down $0.53 on Thursday, reaching $9.57. 989,516 shares of the company were exchanged, compared to its average volume of 647,069. The business has a 50-day moving average price of $10.34 and a 200 day moving average price of $6.72. Thumzup Media has a 1 year low of $2.02 and a 1 year high of $16.49.

Analyst Upgrades and Downgrades

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

Insider Activity at Thumzup Media

In other Thumzup Media news, CEO Robert A. Steele sold 2,500,000 shares of the stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $0.50, for a total value of $1,250,000.00. Following the completion of the sale, the chief executive officer owned 602,000 shares in the company, valued at approximately $301,000. This represents a 80.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 43.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Thumzup Media stock. Geode Capital Management LLC grew its position in Thumzup Media Corporation (NASDAQ:TZUP - Free Report) by 27.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,596 shares of the company's stock after buying an additional 9,371 shares during the period. Geode Capital Management LLC owned 0.45% of Thumzup Media worth $306,000 as of its most recent SEC filing.

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.

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