Izea Worldwide (NASDAQ:IZEA) Stock Price Passes Below 200-Day Moving Average - Should You Sell?

Key Points

• IZEA shares fell below their 200-day moving average, trading as low as $2.95 versus the $3.67 average, and last changing hands near $2.98.
• Analyst sentiment remains negative: Weiss Ratings downgraded the stock further to “sell,” while Wall Street Zen raised it to “hold”; the overall consensus rating is “Sell.”
• The company’s latest quarterly results missed expectations, reporting a loss of $0.04 per share versus an expected loss of $0.02 and revenue of $5.81 million versus an $8 million estimate.

Izea Worldwide, Inc. (NASDAQ:IZEA - Get Free Report) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.67 and traded as low as $2.95. Izea Worldwide shares last traded at $2.98, with a volume of 234,711 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on IZEA shares. Weiss Ratings lowered Izea Worldwide from a "sell (d)" rating to a "sell (d-)" rating in a research report on Wednesday, June 3rd. Wall Street Zen raised Izea Worldwide from a "sell" rating to a "hold" rating in a research report on Tuesday, June 23rd. Two equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of "Sell".

Izea Worldwide Trading Down 3.6%

The business's 50-day moving average is $3.48 and its two-hundred day moving average is $3.67. The firm has a market cap of $51.91 million, a P/E ratio of -21.28 and a beta of 1.25.

Izea Worldwide (NASDAQ:IZEA - Get Free Report) last issued its earnings results on Wednesday, August 12th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.02). Izea Worldwide had a negative return on equity of 5.10% and a negative net margin of 9.36%.The business had revenue of $5.81 million during the quarter, compared to the consensus estimate of $8.00 million.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State Street Corp boosted its holdings in shares of Izea Worldwide by 10.4% during the fourth quarter. State Street Corp now owns 56,862 shares of the company's stock valued at $249,000 after acquiring an additional 5,350 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Izea Worldwide by 17.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 62,312 shares of the company's stock worth $273,000 after acquiring an additional 9,380 shares during the period. ARS Investment Partners LLC lifted its position in Izea Worldwide by 9.6% in the 1st quarter. ARS Investment Partners LLC now owns 117,129 shares of the company's stock valued at $411,000 after purchasing an additional 10,288 shares during the last quarter. XTX Topco Ltd bought a new stake in Izea Worldwide in the 4th quarter valued at about $56,000. Finally, Geode Capital Management LLC boosted its stake in Izea Worldwide by 10.5% during the 4th quarter. Geode Capital Management LLC now owns 139,410 shares of the company's stock valued at $611,000 after purchasing an additional 13,281 shares during the period. Institutional investors and hedge funds own 15.56% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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