Thumzup insiders buy stock, company continues repurchase

LOS ANGELES - Thumzup Media Corporation (NASDAQ:TZUP), a company specializing in social media branding and programmatic marketing solutions, has seen significant insider stock purchases and continued its share repurchase program, as per recent announcements. This week, insiders bought around $60,381 of Thumzup common stock, with prices ranging from $3.56 to $3.72 per share. This follows a December 2024 purchase of approximately $62,000 at prices between $3.20 and $4.73 per share. The stock currently trades at $4.12, with a market capitalization of $37.23 million. InvestingPro data shows strong returns over both the last month and three months, despite the stock’s characteristically high price volatility.

Since Thumzup’s inception, insiders have invested over $742,000 in the company. Notably, Board Member Robert Haag has invested $575,000, Dr. Joanna Dodd Massey has contributed $95,000, and CFO Isaac Dietrich has added $35,000, among others. These investments are seen as a strong endorsement of the company’s strategic direction and potential for growth. The company maintains a strong liquidity position with a current ratio of 14.44, indicating robust short-term financial health.

In addition to insider investments, Thumzup has repurchased approximately $216,000 of its common stock over the past three days. The repurchases, part of a $1 million program authorized by the board, were made at prices from $3.58 to $3.68 per share, in line with Rule 10b-18 of the Securities Exchange Act of 1934.

CEO Robert Steele expressed that the insider buying and share repurchase activities reflect confidence in the company’s business model and long-term value. Thumzup remains focused on strategic initiatives and disciplined capital allocation to enhance shareholder value.

The company may continue buying back shares depending on market conditions, legal requirements, and other business considerations. Thumzup has recently surpassed 700 advertisers on its platform, boasting a CAGR exceeding 200 percent, and is actively exploring strategic acquisitions. With its next earnings report scheduled for March 27, 2025, investors following the stock can access comprehensive financial analysis and additional insights through InvestingPro, which offers 11 more exclusive tips about TZUP’s performance and outlook.

Thumzup’s app, which pays users for posting about advertisers on social media, is available on both the App Store and Google Play. The company emphasizes its mission to democratize the social media branding and marketing industry through its platform. While the company currently trades at a high revenue valuation multiple, detailed valuation metrics and growth projections are available through InvestingPro’s comprehensive analysis tools.

This report is based on a press release statement from Thumzup Media Corporation.

In other recent news, Thumzup Media Corporation has announced a $1 million stock buyback program, reflecting its commitment to enhancing shareholder value. This decision underscores the management’s confidence in the company’s growth prospects, as stated by CEO Robert Steele. Additionally, Thumzup has expressed support for the U.S. Crypto Strategic Reserve, which integrates major cryptocurrencies like Bitcoin and Ethereum into the national financial strategy. The company has been actively incorporating Bitcoin into its operations, including paying gig workers in the cryptocurrency and holding 19.106 BTC, with plans to invest up to 90% of its surplus cash into digital currency.

In another development, Thumzup has appointed Dr. Joanna Massey to its Board of Directors, where she will chair the Nomination and Corporate Governance Committee. Dr. Massey’s extensive experience in communications and media sectors is expected to contribute significantly to the company’s growth. Thumzup’s platform continues to connect advertisers with social media users, rewarding them for promoting content, which aligns with its strategic initiatives in digital marketing. These recent developments highlight Thumzup’s ongoing efforts to innovate and expand within the digital asset and social media marketing spaces.

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