Izea Worldwide, Inc. (NASDAQ:IZEA) Sees Significant Drop in Short Interest

Izea Worldwide, Inc. (NASDAQ:IZEA – Get Free Report) was the recipient of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 60,879 shares, a decline of 39.0% from the September 15th total of 99,809 shares. Based on an average daily trading volume, of 51,342 shares, the short-interest ratio is presently 1.2 days. Approximately 0.4% of the shares of the company are short sold.

Institutional Investors Weigh In On Izea Worldwide

A number of hedge funds and other institutional investors have recently bought and sold shares of IZEA. Renaissance Technologies LLC grew its position in shares of Izea Worldwide by 59.8% in the first quarter. Renaissance Technologies LLC now owns 147,740 shares of the company’s stock valued at $519,000 after purchasing an additional 55,300 shares in the last quarter. ARS Investment Partners LLC raised its stake in shares of Izea Worldwide by 9.6% during 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 during the period. NewEdge Advisors LLC raised its stake in shares of Izea Worldwide by 733.2% during the 2nd quarter. NewEdge Advisors LLC now owns 37,051 shares of the company’s stock valued at $137,000 after purchasing an additional 32,604 shares during the period. Finally, Diversify Wealth Management LLC bought a new stake in shares of Izea Worldwide during the 1st quarter valued at $97,000. Institutional investors own 15.56% of the company’s stock.

Izea Worldwide Stock Down 1.3%

IZEA traded down $0.03 during trading on Friday, hitting $2.28. 26,908 shares of the company traded hands, compared to its average volume of 46,654. The firm has a market cap of $39.72 million, a P/E ratio of -16.28 and a beta of 1.17. The stock’s fifty day moving average is $2.78 and its 200 day moving average is $3.41. Izea Worldwide has a one year low of $2.13 and a one year high of $5.78.

Izea Worldwide (NASDAQ:IZEA – Get Free Report) last posted its quarterly earnings data on Wednesday, August 12th. The company reported ($0.04) earnings per share (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.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Izea Worldwide in a report on Monday, August 31st. Wall Street Zen upgraded Izea Worldwide from a “sell” rating to a “hold” rating in a report on Tuesday, June 23rd. Two investment analysts have rated the stock with a Sell rating. Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Check Out Our Latest Stock Report on Izea Worldwide

Izea Worldwide Company Profile

(Get Free Report)

IZEA Worldwide, Inc is a creator economy company that provides technology, data and managed services for influencer marketing and other forms of social media content. The company helps brands and agencies identify creators, develop campaigns, manage collaborations and measure results across digital platforms.

IZEA’s services include creator discovery and campaign management, sponsored content programs, social media strategy, content production and analytics. Its technology offerings are designed to support the workflow between marketers and creators, from sourcing and contracting through content delivery and performance reporting.

The company was founded in 2006 by Ted Murphy and is headquartered in Orlando, Florida.

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