IZEA Worldwide, Inc. (NASDAQ:IZEA) Major Shareholder Acquires $171,242.44 in Stock

IZEA Worldwide, Inc. (NASDAQ:IZEA) major shareholder Gp Investments, Ltd. purchased 61,598 shares of the stock in a transaction that occurred on Friday, April 26th. The shares were purchased at an average cost of $2.78 per share, for a total transaction of $171,242.44. Following the completion of the acquisition, the insider now directly owns 1,828,239 shares of the company’s stock, valued at approximately $5,082,504.42. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Gp Investments, Ltd. also recently made the following trade(s):

• On Wednesday, April 24th, Gp Investments, Ltd. purchased 28,258 shares of IZEA Worldwide stock. The shares were purchased at an average cost of $2.48 per share, for a total transaction of $70,079.84.
• On Tuesday, April 16th, Gp Investments, Ltd. purchased 6,620 shares of IZEA Worldwide stock. The shares were purchased at an average cost of $2.50 per share, for a total transaction of $16,550.00.

IZEA Worldwide Stock Performance

NASDAQ IZEA traded up $0.29 during mid-day trading on Friday, reaching $2.90. 121,567 shares of the stock were exchanged, compared to its average volume of 52,350. The company has a market capitalization of $44.81 million, a P/E ratio of -6.44 and a beta of 1.82. IZEA Worldwide, Inc. has a 1 year low of $1.83 and a 1 year high of $3.28. The business’s 50 day moving average is $2.22 and its 200-day moving average is $2.19.

IZEA Worldwide (NASDAQ:IZEA) last posted its quarterly earnings data on Monday, April 1st. The company reported ($0.09) earnings per share (EPS) for the quarter. The company had revenue of $8.89 million for the quarter. IZEA Worldwide had a negative net margin of 20.29% and a negative return on equity of 11.14%. Equities analysts predict that IZEA Worldwide, Inc. will post 0.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On IZEA Worldwide

An institutional investor recently raised its position in IZEA Worldwide stock. Jacob Asset Management of New York LLC grew its holdings in IZEA Worldwide, Inc. (NASDAQ:IZEA) by 9.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 114,650 shares of the company’s stock after buying an additional 10,000 shares during the period. Jacob Asset Management of New York LLC owned 0.74% of IZEA Worldwide worth $248,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 15.56% of the company’s stock.

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.