Izea Worldwide (NASDAQ:IZEA) Upgraded at Wall Street Zen

Key Points

• Izea Worldwide has received a rating upgrade to "buy" from Wall Street Zen, reflecting growing confidence in its stock performance.
• The company reported a quarterly earnings per share (EPS) of ($0.01), significantly beating the consensus estimate of ($0.17), although it still faced a negative net margin of 42.63%.
• Dimensional Fund Advisors LP raised its stake in Izea Worldwide by 24.0%, indicating increased interest from institutional investors in the company.

Wall Street Zen upgraded shares of Izea Worldwide (NASDAQ:IZEA - Free Report) to a buy rating in a research note published on Saturday morning.

Izea Worldwide Price Performance

Shares of IZEA traded down $0.10 during mid-day trading on Friday, reaching $3.60. The stock had a trading volume of 33,185 shares, compared to its average volume of 54,103. Izea Worldwide has a 52-week low of $1.68 and a 52-week high of $4.20. The business's fifty day moving average is $3.07 and its 200 day moving average is $2.56. The firm has a market cap of $60.85 million, a price-to-earnings ratio of -3.83 and a beta of 1.15.

Izea Worldwide (NASDAQ:IZEA - Get Free Report) last issued its quarterly earnings data on Tuesday, May 13th. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.16. Izea Worldwide had a negative net margin of 42.63% and a negative return on equity of 25.25%. The business had revenue of $7.97 million during the quarter, compared to the consensus estimate of $9.00 million. As a group, sell-side analysts anticipate that Izea Worldwide will post -0.53 EPS for the current fiscal year.

Hedge Funds Weigh In On Izea Worldwide

An institutional investor recently raised its position in Izea Worldwide stock. Dimensional Fund Advisors LP lifted its position in shares of Izea Worldwide, Inc. (NASDAQ:IZEA - Free Report) by 24.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,111 shares of the company's stock after acquiring an additional 8,547 shares during the period. Dimensional Fund Advisors LP owned about 0.26% of Izea Worldwide worth $121,000 at the end of the most recent reporting period. 15.56% of the stock is currently owned by hedge funds and other institutional investors.

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.