Thumzup Media (NASDAQ:TZUP) Releases Earnings Results

Thumzup Media (NASDAQ:TZUP) announced its earnings results on Friday. The company reported ($0.77) EPS for the quarter, Zacks reports.

Thumzup Media Price Performance

NASDAQ:TZUP opened at $3.64 on Friday. The stock has a market cap of $60.21 million and a PE ratio of -4.99. Thumzup Media has a fifty-two week low of $2.02 and a fifty-two week high of $16.49. The stock’s 50-day moving average is $4.80 and its two-hundred day moving average is $7.34.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Wall Street Zen downgraded Thumzup Media from a “hold” rating to a “sell” rating in a report on Sunday, August 24th. Weiss Ratings reissued a “sell (d-)” rating on shares of Thumzup Media in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Thumzup Media presently has a consensus rating of “Sell”.

Thumzup Media announced that its Board of Directors has approved a share buyback program on Wednesday, September 24th that allows the company to buyback $10.00 million in shares. This buyback authorization allows the company to purchase up to 13.5% of its stock through open market purchases. Stock buyback programs are often a sign 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. Vanguard Group Inc. increased its position in Thumzup Media by 401.3% in the 3rd quarter. Vanguard Group Inc. now owns 283,270 shares of the company’s stock worth $1,416,000 after purchasing an additional 226,767 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of 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 buying an additional 9,371 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in Thumzup Media in the second quarter worth 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.