Izea Worldwide (NASDAQ:IZEA) Announces Earnings Results

Key Points

• Izea Worldwide reported quarterly earnings of $0.07 per share but faced a negative net margin of 42.63% and a negative return on equity of 25.25%.
• After the earnings announcement, Izea's stock price rose by 3.5%, reaching $3.86 with a trading volume significantly above its average.
• Wall Street Zen upgraded Izea Worldwide to a "buy" rating on August 2nd, indicating positive sentiment toward the company's future performance.

Izea Worldwide (NASDAQ:IZEA - Get Free Report) released its quarterly earnings results on Tuesday. The company reported $0.07 earnings per share (EPS) for the quarter, Zacks reports. Izea Worldwide had a negative net margin of 42.63% and a negative return on equity of 25.25%.

Izea Worldwide Stock Up 3.5%

IZEA stock traded up $0.13 during trading on Tuesday, hitting $3.86. The company had a trading volume of 119,143 shares, compared to its average volume of 54,689. Izea Worldwide has a 52-week low of $1.68 and a 52-week high of $4.20. The company has a 50 day simple moving average of $3.16 and a 200-day simple moving average of $2.60. The firm has a market capitalization of $65.33 million, a P/E ratio of -4.15 and a beta of 1.15.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Izea Worldwide to a "buy" rating in a research note on Saturday, August 2nd.

About Izea Worldwide

IZEA Worldwide, Inc, together with its subsidiaries, offers software and professional services to connect brands and content creators in North America, the Asia Pacific, and internationally. The company offers IZEA Flex, its flagship platform for managing enterprise influencer marketing; and comprehensive expense management service to track and manage off-platform expenses related to influencer marketing campaigns.

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