Wall Street Zen upgraded shares of IZEA WORLDWIDE (NASDAQ:IZEA - Free Report) from a hold rating to a buy rating in a research note released on Saturday.
IZEA WORLDWIDE Trading Up 0.8%
Shares of NASDAQ IZEA traded up $0.03 during trading on Friday, reaching $3.58. 180,946 shares of the company traded hands, compared to its average volume of 90,172. The firm's fifty day simple moving average is $3.78 and its 200 day simple moving average is $2.84. The stock has a market cap of $60.90 million, a P/E ratio of -4.90 and a beta of 1.29. IZEA WORLDWIDE has a 12-month low of $1.68 and a 12-month high of $4.39.
IZEA WORLDWIDE (NASDAQ:IZEA - Get Free Report) last released 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 business had revenue of $9.13 million during the quarter, compared to analyst estimates of $9.50 million. IZEA WORLDWIDE had a negative return on equity of 19.89% and a negative net margin of 33.38%. As a group, research analysts expect that IZEA WORLDWIDE will post -0.53 EPS for the current year.
Hedge Funds Weigh In On IZEA WORLDWIDE
A hedge fund recently raised its stake in IZEA WORLDWIDE stock. Dimensional Fund Advisors LP raised its stake in shares of IZEA WORLDWIDE, INC. (NASDAQ:IZEA - Free Report) by 24.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 44,111 shares of the company's stock after buying an additional 8,547 shares during the period. Dimensional Fund Advisors LP owned about 0.26% of IZEA WORLDWIDE worth $121,000 at the end of the most recent quarter. 15.56% of the stock is currently owned by institutional investors.
About IZEA WORLDWIDE
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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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