Izea Worldwide, Inc. (NASDAQ:IZEA – Get Free Report)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.67 and traded as low as $2.95. Izea Worldwide shares last traded at $2.98, with a volume of 234,711 shares changing hands.
Wall Street Analysts Forecast Growth
IZEA has been the topic of several recent analyst reports. Weiss Ratings cut Izea Worldwide from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, June 3rd. Wall Street Zen raised Izea Worldwide from a “sell” rating to a “hold” rating in a report on Tuesday, June 23rd. Two equities research analysts have rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.
Check Out Our Latest Analysis on IZEA
Izea Worldwide Stock Performance
Izea Worldwide (NASDAQ:IZEA – Get Free Report) last released its quarterly earnings data on Wednesday, August 12th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). Izea Worldwide had a negative return on equity of 5.10% and a negative net margin of 9.36%.The company had revenue of $5.81 million for the quarter, compared to analysts’ expectations of $8.00 million.
Institutional Investors Weigh In On Izea Worldwide
Institutional investors have recently modified their holdings of the company. ARS Investment Partners LLC purchased a new position in Izea Worldwide in the 4th quarter valued at approximately $468,000. XTX Topco Ltd purchased a new stake in Izea Worldwide during the fourth quarter worth $56,000. Royal Bank of Canada boosted its position in Izea Worldwide by 2,106.2% during the fourth 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 in the last quarter. Geode Capital Management LLC grew its holdings in Izea Worldwide by 10.5% in the fourth 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. Finally, NewEdge Advisors LLC grew its holdings in Izea Worldwide by 3,143.5% in 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. Hedge funds and other institutional investors own 15.56% of the company’s stock.
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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