Izea Worldwide (NASDAQ:IZEA) Stock Price Passes Above 50 Day Moving Average - Should You Sell?

Izea Worldwide, Inc. (NASDAQ:IZEA - Get Free Report)'s share price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty 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 traded.

Izea Worldwide Stock Performance

The company has a market cap of $56.38 million, a price-to-earnings ratio of -3.58 and a beta of 1.18. The business has a fifty day moving average price of $2.81 and a 200 day moving average price of $2.45.

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 analysts' consensus estimates of ($0.17) by $0.16. The business had revenue of $7.97 million for the quarter, compared to analyst estimates of $9.00 million. Izea Worldwide had a negative return on equity of 25.25% and a negative net margin of 42.63%. As a group, equities analysts anticipate that Izea Worldwide, Inc. will post -0.53 EPS for the current year.

Institutional Investors Weigh In On Izea Worldwide

An institutional investor recently raised its position in Izea Worldwide stock. Dimensional Fund Advisors LP lifted its holdings 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 (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. 15.56% of the stock is currently owned by hedge funds and other institutional investors.

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.