Izea Worldwide, Inc. (NASDAQ:IZEA - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $3.65 and traded as low as $2.99. Izea Worldwide shares last traded at $3.12, with a volume of 70,369 shares trading hands.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on the company. Wall Street Zen upgraded Izea Worldwide from a "sell" rating to a "hold" rating in a research note on Tuesday, June 23rd. Weiss Ratings downgraded Izea Worldwide from a "sell (d)" rating to a "sell (d-)" rating in a research report on Wednesday, June 3rd. Two research analysts have rated the stock with a Sell rating, Based on data from MarketBeat, Izea Worldwide currently has a consensus rating of "Sell".
Read Our Latest Stock Analysis on IZEA
Izea Worldwide Trading Up 2.0%
The business's fifty day moving average price is $3.41 and its 200-day moving average price is $3.65. The company has a market capitalization of $54.35 million, a P/E ratio of -22.28 and a beta of 1.25.
Izea Worldwide (NASDAQ:IZEA - Get Free Report) last released its quarterly earnings results on Wednesday, August 12th. The company reported ($0.04) earnings per share for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.02). Izea Worldwide had a negative net margin of 9.36% and a negative return on equity of 5.10%. The firm had revenue of $5.81 million for the quarter, compared to analysts' expectations of $8.00 million.
Hedge Funds Weigh In On Izea Worldwide
A number of large investors have recently modified their holdings of the company. State Street Corp raised its stake 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 worth $249,000 after acquiring an additional 5,350 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake 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 valued at $273,000 after purchasing an additional 9,380 shares in the last quarter. ARS Investment Partners LLC boosted its stake in shares of 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 in the last quarter. XTX Topco Ltd bought a new position in shares of Izea Worldwide during the 4th quarter valued at $56,000. Finally, Geode Capital Management LLC grew its holdings in shares of 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 last quarter. 15.56% of the stock is owned by hedge funds and other institutional investors.
About Izea Worldwide
(
Get Free Report)
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.
Further Reading
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