Thumzup Media (NASDAQ:TZUP) Shares Down 0.4% – Time to Sell?

Thumzup Media Corporation (NASDAQ:TZUP) traded down 0.4% during trading on Wednesday . The stock traded as low as $4.53 and last traded at $4.62. 121,277 shares were traded during trading, a decline of 60% from the average session volume of 303,694 shares. The stock had previously closed at $4.64.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Thumzup Media in a report on Wednesday, October 8th. Wall Street Zen cut shares of Thumzup Media from a “hold” rating to a “sell” rating in a report on Sunday, August 24th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Thumzup Media presently has an average rating of “Sell”.

Thumzup Media Stock Performance

The firm has a market cap of $75.17 million and a PE ratio of -6.33. The firm’s 50-day moving average price is $5.13 and its two-hundred day moving average price is $7.41.

Thumzup Media (NASDAQ:TZUP) last issued its quarterly earnings data on Thursday, August 14th. The company reported ($0.12) earnings per share for the quarter.

Thumzup Media announced that its Board of Directors has authorized a stock repurchase program on Wednesday, September 24th that authorizes the company to buyback $10.00 million in shares. This buyback authorization authorizes the company to buy up to 13.5% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Institutional Trading of Thumzup Media

Several institutional investors and hedge funds have recently bought and sold shares of the business. Marshall Wace LLP purchased a new stake in Thumzup Media in the 2nd quarter valued at $207,000. Geode Capital Management LLC raised its position in Thumzup Media by 27.4% in the 2nd 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 last quarter. Finally, Kestra Private Wealth Services LLC raised its position 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 purchasing an additional 26,000 shares during the last quarter.

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.