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

Key Points

• Izea's shares crossed above its 50-day moving average ($3.65) on Thursday, trading as high as $4.45 and last at $4.38, which is also above the 200-day MA of $4.27.
• Analyst sentiment is negative after recent downgrades from Weiss Ratings, Wall Street Zen and Zacks, leaving an average rating of "Sell".
• The company missed quarterly estimates (EPS ‑$0.07 vs. ‑$0.03 expected) and revenue was below forecasts, with analysts projecting an approximate full-year loss of -$0.53 per share and a market cap near $76M.

Izea Worldwide, Inc. (NASDAQ:IZEA - Get Free Report)'s share price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $3.65 and traded as high as $4.45. Izea Worldwide shares last traded at $4.38, with a volume of 29,642 shares traded.

Wall Street Analyst Weigh In

IZEA has been the subject of a number of recent analyst reports. Weiss Ratings restated a "sell (d-)" rating on shares of Izea Worldwide in a report on Thursday, January 22nd. Wall Street Zen lowered Izea Worldwide from a "hold" rating to a "sell" rating in a research note on Saturday, March 21st. Finally, Zacks Research downgraded Izea Worldwide from a "hold" rating to a "strong sell" rating in a research report on Friday, March 20th. Two investment analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, Izea Worldwide presently has an average rating of "Sell".

Izea Worldwide Stock Performance

The firm has a market capitalization of $75.93 million, a PE ratio of -438,000.00 and a beta of 1.22. The company has a fifty day simple moving average of $3.65 and a two-hundred day simple moving average of $4.27.

Izea Worldwide (NASDAQ:IZEA - Get Free Report) last announced its quarterly earnings results on Tuesday, March 17th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.04). The firm had revenue of $6.10 million for the quarter, compared to analysts' expectations of $6.75 million. Izea Worldwide had a net margin of 0.13% and a return on equity of 0.09%. On average, equities analysts anticipate that Izea Worldwide, Inc. will post -0.53 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Ground Swell Capital LLC purchased a new position in Izea Worldwide in the third quarter valued at about $43,000. Stonebridge Wealth Management LLC purchased a new stake in shares of Izea Worldwide during the third quarter valued at about $52,000. XTX Topco Ltd bought a new stake in shares of Izea Worldwide in the 4th quarter valued at about $56,000. Diversify Advisory Services LLC bought a new stake in shares of Izea Worldwide in the 4th quarter valued at about $82,000. Finally, Royal Bank of Canada grew its position in shares of Izea Worldwide by 2,106.2% in the 4th quarter. Royal Bank of Canada now owns 21,246 shares of the company's stock worth $93,000 after buying an additional 20,283 shares during the last quarter. 15.56% of the stock is owned by institutional investors.

About Izea Worldwide

IZEA Worldwide, Inc is a technology-driven marketing services company that operates a global digital marketplace connecting brands, agencies and media companies with content creators and influencers. The company's platform enables clients to plan, execute and measure content marketing and social media campaigns across blogs, social networks, video channels and other digital outlets. Through both self-service tools and managed service engagements, IZEA provides end-to-end solutions for influencer marketing, sponsored content creation and content distribution.

Key offerings include campaign management software, content licensing and rights management, influencer discovery and analytics, and performance reporting.

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