Izea Worldwide (NASDAQ:IZEA) Rating Increased to Buy 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.

Izea Worldwide (NASDAQ:IZEA - Get Free Report) was upgraded by Wall Street Zen to a "buy" rating in a research note issued on Saturday.

Izea Worldwide Trading Down 0.5%

IZEA stock opened at $3.71 on Friday. The company has a market cap of $62.81 million, a P/E ratio of -3.99 and a beta of 1.14. Izea Worldwide has a 52 week low of $1.68 and a 52 week high of $4.20. The company's 50-day moving average price is $3.03 and its 200 day moving average price is $2.54.

Izea Worldwide (NASDAQ:IZEA - Get Free Report) last announced its quarterly earnings results on Tuesday, May 13th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating 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 company had revenue of $7.97 million for the quarter, compared to the consensus estimate of $9.00 million. On average, equities research analysts expect that Izea Worldwide will post -0.53 earnings per share for the current year.

Institutional Trading of Izea Worldwide

A hedge fund recently raised its stake in Izea Worldwide stock. Dimensional Fund Advisors LP raised its holdings in Izea Worldwide, Inc. (NASDAQ:IZEA - Free Report) by 24.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 44,111 shares of the company's stock after purchasing an additional 8,547 shares during the period. Dimensional Fund Advisors LP owned 0.26% of Izea Worldwide worth $121,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 15.56% of the company's stock.

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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