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

Key Points

• Izea Worldwide shares crossed above their 50-day moving average of $2.94 after trading as high as $4.20, closing at $3.94.
• The company reported a negative net margin of 42.63% with quarterly revenue of $7.97 million, falling short of analyst expectations of $9.00 million.
• Dimensional Fund Advisors LP increased its stake in Izea Worldwide by 24%, owning a total of 44,111 shares or 0.26% of the company.

Izea Worldwide, Inc. (NASDAQ:IZEA - Get Free Report)'s share price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $2.94 and traded as high as $4.20. Izea Worldwide shares last traded at $3.94, with a volume of 165,241 shares.

Izea Worldwide Trading Down 1.3%

The stock has a market cap of $66.03 million, a P/E ratio of -4.19 and a beta of 1.18. The firm's fifty day moving average is $2.96 and its 200 day moving average is $2.50.

Izea Worldwide (NASDAQ:IZEA - Get Free Report) last announced its earnings results 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. Izea Worldwide had a negative return on equity of 25.25% and a negative net margin of 42.63%. The company had revenue of $7.97 million for the quarter, compared to analyst estimates of $9.00 million. Research analysts forecast that Izea Worldwide, Inc. will post -0.53 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Izea Worldwide

A hedge fund recently raised its stake in Izea Worldwide stock. Dimensional Fund Advisors LP increased its holdings in shares of Izea Worldwide, Inc. (NASDAQ:IZEA - Free Report) by 24.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 approximately 0.26% of Izea Worldwide worth $121,000 at the end of the most recent reporting period. 15.56% of the stock is 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.