Izea Worldwide (NASDAQ:IZEA – Get Free Report) announced its quarterly earnings results on Wednesday. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02), FiscalAI reports. The business had revenue of $5.81 million for the quarter, compared to the consensus estimate of $8.00 million. Izea Worldwide had a negative net margin of 9.36% and a negative return on equity of 5.05%.
Izea Worldwide Trading Down 0.3%
Izea Worldwide stock opened at $3.06 on Thursday. The business’s fifty day simple moving average is $3.54 and its two-hundred day simple moving average is $3.70. The company has a market capitalization of $53.58 million, a price-to-earnings ratio of -21.86 and a beta of 1.25. Izea Worldwide has a 12 month low of $3.02 and a 12 month high of $5.86.
Analyst Ratings Changes
A number of research firms have recently issued reports on IZEA. Wall Street Zen upgraded Izea Worldwide from a “sell” rating to a “hold” rating in a report on Tuesday, June 23rd. Weiss Ratings cut shares of Izea Worldwide from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, June 3rd. Two analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, Izea Worldwide presently has a consensus rating of “Sell”.
Institutional Trading of Izea Worldwide
Several institutional investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC raised its holdings in shares of Izea Worldwide by 3,143.5% during the fourth quarter. NewEdge Advisors LLC now owns 81,736 shares of the company’s stock valued at $358,000 after purchasing an additional 79,216 shares during the last quarter. State Street Corp boosted its stake in shares of Izea Worldwide by 10.4% in the 4th quarter. State Street Corp now owns 56,862 shares of the company’s stock worth $249,000 after buying an additional 5,350 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Izea Worldwide by 17.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 62,312 shares of the company’s stock valued at $273,000 after acquiring an additional 9,380 shares during the last quarter. Geode Capital Management LLC grew its stake 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 period. Finally, Royal Bank of Canada lifted its stake in shares of Izea Worldwide by 2,106.2% in the 4th quarter. Royal Bank of Canada now owns 21,246 shares of the company’s stock worth $93,000 after purchasing an additional 20,283 shares during the period. 15.56% of the stock is currently owned by hedge funds and other institutional investors.
About Izea Worldwide
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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