IZEA Worldwide (NASDAQ:IZEA) Stock Price Passes Below 200-Day Moving Average of $2.28

IZEA Worldwide, Inc. (NASDAQ:IZEA) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.28 and traded as low as $2.25. IZEA Worldwide shares last traded at $2.30, with a volume of 25,852 shares traded.

IZEA Worldwide Price Performance

The company has a 50-day simple moving average of $2.58 and a two-hundred day simple moving average of $2.28. The stock has a market capitalization of $36.75 million, a price-to-earnings ratio of -4.49 and a beta of 1.61.

IZEA Worldwide (NASDAQ:IZEA) last posted its quarterly earnings data on Wednesday, May 15th. The company reported ($0.20) earnings per share for the quarter. The company had revenue of $6.95 million during the quarter. IZEA Worldwide had a negative return on equity of 12.08% and a negative net margin of 22.68%. Research analysts anticipate that IZEA Worldwide, Inc. will post -0.27 EPS for the current year.

Insider Transactions at IZEA Worldwide

In other news, major shareholder Gp Investments, Ltd. purchased 61,598 shares of the firm’s stock in a transaction on Friday, April 26th. The stock was purchased at an average cost of $2.78 per share, with a total value of $171,242.44. Following the purchase, the insider now owns 1,828,239 shares in the company, valued at approximately $5,082,504.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders purchased 1,262,427 shares of company stock valued at $3,900,006. Company insiders own 7.50% of the company’s stock.

Institutional Investors Weigh In On IZEA Worldwide

A hedge fund recently raised its stake in IZEA Worldwide stock. Flower City Capital lifted its holdings in IZEA Worldwide, Inc. (NASDAQ:IZEA) by 163.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 231,392 shares of the company’s stock after purchasing an additional 143,464 shares during the period. IZEA Worldwide comprises 0.3% of Flower City Capital’s holdings, making the stock its 17th biggest holding. Flower City Capital owned about 1.50% of IZEA Worldwide worth $465,000 as of its most recent SEC filing. 15.56% of the stock is owned by institutional investors and hedge funds.

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.