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

Key Points

• Thumzup Media's stock rating was upgraded from a sell to a hold by Wall Street Zen, indicating a shift in analysts' outlook on the stock.
• The company's stock has experienced significant volatility, with a one-year low of $2.02 and a high of $16.49, and currently has a market capitalization of $112.04 million.
• Insider trading activity includes CEO Robert A. Steele selling 2.5 million shares at an average price of $0.50, resulting in an 80.59% decrease in his ownership of the stock.

Thumzup Media (NASDAQ:TZUP - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Saturday.

Thumzup Media Price Performance

Shares of NASDAQ TZUP opened at $9.95 on Friday. Thumzup Media has a one year low of $2.02 and a one year high of $16.49. The firm's 50 day simple moving average is $10.38 and its two-hundred day simple moving average is $6.76. The stock has a market capitalization of $112.04 million and a P/E ratio of -13.63.

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

Insider Buying and Selling at Thumzup Media

In other news, CEO Robert A. Steele sold 2,500,000 shares of the stock in a transaction that occurred on Monday, July 7th. The stock was 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 owned 602,000 shares of the company's stock, valued at approximately $301,000. This represents a 80.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 43.50% of the company's stock.

Institutional Trading of Thumzup Media

A number of institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC boosted its stake in shares of Thumzup Media by 27.4% during 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. Kestra Private Wealth Services LLC boosted its stake in shares of Thumzup Media by 195.5% during 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 during the period. Finally, Marshall Wace LLP purchased a new stake in shares of Thumzup Media during the second quarter valued at approximately $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.

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