Izea Worldwide (NASDAQ:IZEA) Shares Cross Below 200-Day Moving Average - What's Next?

Izea Worldwide, Inc. (NASDAQ:IZEA - Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.63 and traded as low as $2.94. Izea Worldwide shares last traded at $3.01, with a volume of 13,474 shares changing hands.

Wall Street Analysts Forecast Growth

IZEA has been the subject of several recent research reports. Weiss Ratings reiterated a "sell (d-)" rating on shares of Izea Worldwide in a research note on Monday. Wall Street Zen upgraded shares of Izea Worldwide from a "sell" rating to a "hold" rating in a research note on Tuesday, June 23rd. Two research analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, Izea Worldwide presently has an average rating of "Sell".

Izea Worldwide Stock Performance

The business has a 50 day moving average of $3.35 and a 200-day moving average of $3.63. The company has a market capitalization of $52.42 million, a P/E ratio of -21.50 and a beta of 1.22.

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

Hedge Funds Weigh In On Izea Worldwide

Large investors have recently modified their holdings of the company. State Street Corp boosted its holdings in Izea Worldwide by 10.4% in the 4th quarter. State Street Corp now owns 56,862 shares of the company's stock valued at $249,000 after purchasing an additional 5,350 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Izea Worldwide by 17.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 62,312 shares of the company's stock worth $273,000 after buying an additional 9,380 shares in the last quarter. ARS Investment Partners LLC raised its position in shares of Izea Worldwide by 9.6% in the first quarter. ARS Investment Partners LLC now owns 117,129 shares of the company's stock worth $411,000 after buying an additional 10,288 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of Izea Worldwide in the fourth quarter worth $56,000. Finally, Geode Capital Management LLC boosted its stake in Izea Worldwide by 10.5% during the fourth quarter. Geode Capital Management LLC now owns 139,410 shares of the company's stock valued at $611,000 after buying an additional 13,281 shares during the period. 15.56% of the stock is currently owned by institutional investors.

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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