Izea Worldwide (NASDAQ:IZEA) Stock Price Crosses Above Fifty Day Moving Average - Here's What Happened

Key Points

• Technical breakout: Izea's shares traded as high as $4.35 and last at $4.30, topping its 50‑day moving average of $3.75 (200‑day MA $4.29) on Friday with about 18,293 shares traded.
• Analyst consensus is negative: Recent downgrades from Weiss Ratings, Zacks Research and Wall Street Zen leave a MarketBeat consensus rating of "Sell."
• Earnings miss and small market cap: The company reported Q results of ($0.07) EPS vs. ($0.03) expected and $6.10M revenue vs. $6.75M expected, has a market cap of about $74.6M and a negative P/E, with roughly 15.6% institutional ownership.

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 $3.75 and traded as high as $4.35. Izea Worldwide shares last traded at $4.30, with a volume of 18,293 shares changing hands.

Analyst Ratings Changes

Several equities research analysts recently commented on IZEA shares. Weiss Ratings reiterated a "sell (d-)" rating on shares of Izea Worldwide in a research note on Thursday, January 22nd. Zacks Research downgraded shares of Izea Worldwide from a "hold" rating to a "strong sell" rating in a research note on Friday, March 20th. Finally, Wall Street Zen lowered Izea Worldwide from a "hold" rating to a "sell" rating in a report on Saturday, March 21st. Two investment analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Sell".

Izea Worldwide Stock Up 0.7%

The firm has a market capitalization of $74.56 million, a price-to-earnings ratio of -430,000.00 and a beta of 1.22. The company has a fifty day moving average price of $3.75 and a two-hundred day moving average price of $4.29.

Izea Worldwide (NASDAQ:IZEA - Get Free Report) last announced its earnings results on Tuesday, March 17th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.04). Izea Worldwide had a return on equity of 0.09% and a net margin of 0.13%.The business had revenue of $6.10 million for the quarter, compared to analysts' expectations of $6.75 million. On average, equities analysts anticipate that Izea Worldwide, Inc. will post 0.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Ground Swell Capital LLC purchased a new stake in shares of Izea Worldwide in the third quarter valued at about $43,000. XTX Topco Ltd acquired a new stake in shares of Izea Worldwide during the fourth quarter worth about $56,000. Stonebridge Wealth Management LLC purchased a new position in shares of Izea Worldwide during the third quarter worth about $52,000. Diversify Advisory Services LLC acquired a new position in Izea Worldwide in the 4th quarter valued at about $82,000. Finally, Royal Bank of Canada increased its position in Izea Worldwide by 2,106.2% in the 4th quarter. Royal Bank of Canada now owns 21,246 shares of the company's stock valued at $93,000 after acquiring an additional 20,283 shares during the period. 15.56% of the stock is currently owned by institutional investors and hedge funds.

Izea Worldwide Company Profile

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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