IZEA WORLDWIDE (NASDAQ:IZEA) Share Price Passes Above 50-Day Moving Average - Time to Sell?

IZEA WORLDWIDE, INC. (NASDAQ:IZEA - Get Free Report) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $2.78 and traded as high as $3.52. IZEA WORLDWIDE shares last traded at $3.41, with a volume of 95,092 shares.

IZEA WORLDWIDE Trading Up 12.6%

The firm has a market cap of $63.49 million, a P/E ratio of -4.03 and a beta of 1.18. The company's 50 day simple moving average is $2.81 and its 200-day simple moving average is $2.44.

IZEA WORLDWIDE (NASDAQ:IZEA - Get Free Report) last released its earnings results on Tuesday, May 13th. The company reported ($0.01) EPS for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $9.00 million. On average, sell-side analysts anticipate that IZEA WORLDWIDE, INC. will post -0.53 earnings per share for the current year.

Hedge Funds Weigh In On IZEA WORLDWIDE

An institutional investor recently raised its position in IZEA WORLDWIDE stock. Dimensional Fund Advisors LP grew its stake in 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 purchasing 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 quarter. Hedge funds and other institutional investors own 15.56% of the company's stock.

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.