Izea Worldwide, Inc. (NASDAQ:IZEA) Short Interest Down 22.1% in March

Key Points

• Short interest down 22.1% — short interest fell to 94,841 shares as of March 13 (about 0.6% of shares), with a days-to-cover ratio of 1.8 based on average volume.
• Quarterly results missed — Izea reported EPS of ($0.07) vs. consensus ($0.03) and revenue of $6.10M vs. $6.75M expected, while analysts forecast a full-year EPS of about ($0.53).
• Analyst sentiment negative — several firms have cut ratings (Zacks to "strong sell", Wall Street Zen to "sell", Weiss "sell (d-)"), and MarketBeat shows a consensus rating of "Sell".

Izea Worldwide, Inc. (NASDAQ:IZEA - Get Free Report) was the recipient of a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 94,841 shares, a drop of 22.1% from the February 26th total of 121,776 shares. Approximately 0.6% of the shares of the company are sold short. Based on an average trading volume of 53,448 shares, the days-to-cover ratio is presently 1.8 days.

Izea Worldwide Trading Down 0.9%

NASDAQ:IZEA opened at $3.47 on Friday. The stock has a 50-day moving average price of $3.63 and a 200 day moving average price of $4.27. Izea Worldwide has a 12-month low of $1.68 and a 12-month high of $5.86. The stock has a market capitalization of $60.17 million, a P/E ratio of -347,000.00 and a beta of 1.22.

Izea Worldwide (NASDAQ:IZEA - Get Free Report) last announced its quarterly earnings data on Tuesday, March 17th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.04). Izea Worldwide had a net margin of 0.13% and a return on equity of 0.09%. The company had revenue of $6.10 million for the quarter, compared to analysts' expectations of $6.75 million. On average, research analysts predict that Izea Worldwide will post -0.53 earnings per share for the current fiscal year.

Institutional Trading of Izea Worldwide

A number of large investors have recently made changes to their positions in the business. Cove Street Capital LLC boosted its holdings in shares of Izea Worldwide by 2.7% in the 3rd quarter. Cove Street Capital LLC now owns 181,860 shares of the company's stock worth $677,000 after purchasing an additional 4,776 shares during the period. State Street Corp raised its holdings in Izea Worldwide by 10.4% during the 4th quarter. State Street Corp now owns 56,862 shares of the company's stock valued at $249,000 after buying an additional 5,350 shares during the period. Dimensional Fund Advisors LP raised its holdings in Izea Worldwide by 17.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 62,312 shares of the company's stock valued at $273,000 after buying an additional 9,380 shares during the period. Ground Swell Capital LLC bought a new stake in Izea Worldwide in the third quarter worth $43,000. Finally, XTX Topco Ltd bought a new stake in Izea Worldwide in the fourth quarter worth $56,000. 15.56% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on IZEA shares. Zacks Research lowered shares of Izea Worldwide from a "hold" rating to a "strong sell" rating in a research note on Friday, March 20th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Izea Worldwide in a research report on Thursday, January 22nd. Finally, Wall Street Zen cut shares of Izea Worldwide from a "hold" rating to a "sell" rating in a research note on Saturday, March 21st. Two research analysts have rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of "Sell".

Izea Worldwide Company Profile

IZEA Worldwide, Inc is a technology-driven marketing services company that operates a global digital marketplace connecting brands, agencies and media companies with content creators and influencers. The company's platform enables clients to plan, execute and measure content marketing and social media campaigns across blogs, social networks, video channels and other digital outlets. Through both self-service tools and managed service engagements, IZEA provides end-to-end solutions for influencer marketing, sponsored content creation and content distribution.

Key offerings include campaign management software, content licensing and rights management, influencer discovery and analytics, and performance reporting.

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