Izea Worldwide (NASDAQ:IZEA) Share Price Crosses Above 50-Day Moving Average - Here's Why

Key Points

• Shares of Izea Worldwide (NASDAQ:IZEA) have surpassed their fifty-day moving average of $3.85, reaching a high of $3.93 during trading.
• Wall Street Zen upgraded Izea Worldwide from a "hold" to a "buy" rating, indicating a positive outlook for the stock.
• The company reported an earnings per share (EPS) of $0.07 in its last quarterly earnings, exceeding analysts' expectations of $0.02.

Shares of Izea Worldwide, Inc. (NASDAQ:IZEA - Get Free Report) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $3.85 and traded as high as $3.93. Izea Worldwide shares last traded at $3.72, with a volume of 67,577 shares trading hands.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Izea Worldwide from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th.

Izea Worldwide Trading Down 5.3%

The firm's fifty day simple moving average is $3.85 and its two-hundred day simple moving average is $2.93. The company has a market capitalization of $63.28 million, a price-to-earnings ratio of -5.10 and a beta of 1.29.

Izea Worldwide (NASDAQ:IZEA - Get Free Report) last released its quarterly earnings data on Tuesday, August 12th. The company reported $0.07 EPS for the quarter, beating analysts' consensus estimates of $0.02 by $0.05. The firm had revenue of $9.13 million for the quarter, compared to analysts' expectations of $9.50 million. Izea Worldwide had a negative return on equity of 19.89% and a negative net margin of 33.38%. As a group, analysts forecast that Izea Worldwide, Inc. will post -0.53 EPS for the current fiscal year.

Izea Worldwide Company Profile

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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