Izea Worldwide (NASDAQ:IZEA) Shares Cross Above 50-Day Moving Average - Here's Why

Key Points

• Izea Worldwide's stock recently crossed above its 50-day moving average, reaching a high of $3.87 and closing at $3.73.
• Wall Street analysts have upgraded Izea Worldwide to a "buy" rating, indicating positive sentiment about the company's future growth prospects.
• The company reported a negative net margin of 42.63% and had revenue of $7.97 million, which fell short of analyst estimates.

Izea Worldwide, Inc. (NASDAQ:IZEA - Get Free Report) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $3.14 and traded as high as $3.87. Izea Worldwide shares last traded at $3.73, with a volume of 62,912 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Izea Worldwide to a "buy" rating in a research note on Saturday, August 2nd.

Izea Worldwide Stock Performance

The company has a market capitalization of $71.44 million, a PE ratio of -5.75 and a beta of 1.15. The stock's fifty day simple moving average is $3.22 and its 200-day simple moving average is $2.63.

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

Institutional Inflows and Outflows

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% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 44,111 shares of the company's stock after purchasing an additional 8,547 shares during the quarter. Dimensional Fund Advisors LP owned 0.26% of Izea Worldwide worth $121,000 as of its most recent filing with the SEC. 15.56% of the stock is owned by institutional investors and hedge funds.

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.