Izea Worldwide (NASDAQ:IZEA) Stock Price Passes Above 50 Day Moving Average – Time to Sell?

Izea Worldwide, Inc. (NASDAQ:IZEA) shares crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $4.21 and traded as high as $5.55. Izea Worldwide shares last traded at $5.17, with a volume of 211,585 shares.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Wall Street Zen downgraded Izea Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. Weiss Ratings restated a “sell (d-)” rating on shares of Izea Worldwide in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Izea Worldwide presently has an average rating of “Sell”.

Izea Worldwide Trading Down 1.9%

The firm has a market cap of $87.94 million, a P/E ratio of -7.08 and a beta of 1.24. The firm has a 50-day simple moving average of $4.21 and a 200-day simple moving average of $3.33.

Izea Worldwide (NASDAQ:IZEA) last announced its earnings results on Tuesday, August 12th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.05. The business had revenue of $9.13 million for the quarter, compared to analysts’ expectations of $9.50 million. Izea Worldwide had a negative return on equity of 19.89% and a negative net margin of 33.38%. Research analysts predict that Izea Worldwide, Inc. will post -0.53 earnings per share for the current fiscal year.

Institutional Trading of Izea Worldwide

A hedge fund recently bought a new stake in Izea Worldwide stock. Stonebridge Wealth Management LLC acquired a new position in Izea Worldwide, Inc. (NASDAQ:IZEA) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 13,900 shares of the company’s stock, valued at approximately $52,000. Stonebridge Wealth Management LLC owned approximately 0.08% of Izea Worldwide at the end of the most recent reporting period. Hedge funds and other institutional investors own 15.56% of the company’s stock.

About Izea Worldwide

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.