IZEA Worldwide (NASDAQ:IZEA) Share Price Crosses Above 50 Day Moving Average – What’s Next?

IZEA Worldwide, Inc. (NASDAQ:IZEA) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $2.57 and traded as high as $2.71. IZEA Worldwide shares last traded at $2.69, with a volume of 24,480 shares traded.

IZEA Worldwide Trading Up 1.5 %

The business has a 50 day moving average price of $2.57 and a 200-day moving average price of $2.52. The firm has a market capitalization of $45.64 million, a PE ratio of -2.86 and a beta of 1.60.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of IZEA. Dimensional Fund Advisors LP lifted its holdings in IZEA Worldwide by 48.5% in the second quarter. Dimensional Fund Advisors LP now owns 15,741 shares of the company’s stock valued at $37,000 after acquiring an additional 5,140 shares during the period. Renaissance Technologies LLC increased its holdings in shares of IZEA Worldwide by 8.5% in the 2nd quarter. Renaissance Technologies LLC now owns 75,603 shares of the company’s stock valued at $178,000 after purchasing an additional 5,900 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of IZEA Worldwide in the third quarter valued at about $40,000. 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.