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

Key Points

• Izea Worldwide's stock price recently surpassed its 50-day moving average, trading at $3.97, with a recent high of $4.04.
• Several analysts have mixed views, with Weiss Ratings maintaining a "sell" rating, while Wall Street Zen upgraded the stock to a "buy," resulting in an average rating of "sell" overall.
• The company's latest earnings report showed an EPS of $0.07, exceeding expectations despite a negative net margin of 33.38% and revenue falling short of estimates.

Izea Worldwide, Inc. (NASDAQ:IZEA - Get Free Report)'s share price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $3.85 and traded as high as $4.04. Izea Worldwide shares last traded at $3.97, with a volume of 53,619 shares changing hands.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Weiss Ratings restated a "sell (d-)" rating on shares of Izea Worldwide in a research report on Wednesday. Wall Street Zen upgraded Izea Worldwide from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Sell".

Izea Worldwide Price Performance

The company has a market capitalization of $67.53 million, a PE ratio of -5.44 and a beta of 1.24. The business has a 50-day moving average of $3.85 and a 200 day moving average of $3.00.

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

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.

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