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

Key Points

• Izea Worldwide, Inc. saw its stock price rise above its 50-day moving average of $3.81, reaching a high of $4.24 during trading, with shares last priced at $3.86.
• Wall Street Zen upgraded Izea's rating from "hold" to "buy" as of September 13, indicating positive investor sentiment around the stock.
• Despite beating earnings expectations with $0.07 EPS, Izea reported revenue of $9.13 million for the quarter, below analyst predictions of $9.50 million, contributing to its negative return on equity of 19.89% and a negative net margin of 33.38%.

Izea Worldwide, Inc. (NASDAQ:IZEA - Get Free Report)'s stock price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $3.81 and traded as high as $4.24. Izea Worldwide shares last traded at $3.86, with a volume of 79,423 shares changing hands.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Izea Worldwide from a "hold" rating to a "buy" rating in a report on Saturday, September 13th.

Izea Worldwide Trading Down 5.4%

The company has a market capitalization of $65.66 million, a PE ratio of -5.29 and a beta of 1.29. The stock has a fifty day moving average of $3.81 and a two-hundred day moving average of $2.87.

Izea Worldwide (NASDAQ:IZEA - Get Free Report) last announced its quarterly earnings data on Tuesday, August 12th. The company reported $0.07 earnings per share 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 analysts' expectations of $9.50 million. Izea Worldwide had a negative return on equity of 19.89% and a negative net margin of 33.38%. Equities analysts forecast 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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