Izea Worldwide (NASDAQ:IZEA) Stock Price Passes Below 200 Day Moving Average – Here’s What Happened

Izea Worldwide, Inc. (NASDAQ:IZEA) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.78 and traded as low as $3.36. Izea Worldwide shares last traded at $3.40, with a volume of 50,303 shares.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on IZEA. Wall Street Zen raised Izea Worldwide from a “sell” rating to a “hold” rating in a report on Tuesday, June 23rd. Weiss Ratings cut Izea Worldwide from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday, June 3rd. Two equities research analysts have rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

Izea Worldwide Stock Performance

The business’s 50 day moving average price is $3.63 and its two-hundred day moving average price is $3.78. The company has a market capitalization of $59.53 million, a price-to-earnings ratio of -113.30 and a beta of 1.23.

Izea Worldwide (NASDAQ:IZEA) last issued its quarterly earnings data on Tuesday, May 12th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.01. The business had revenue of $6.57 million during the quarter, compared to the consensus estimate of $6.75 million. Izea Worldwide had a negative net margin of 1.98% and a negative return on equity of 1.20%.

Institutional Investors Weigh In On Izea Worldwide

Hedge funds have recently modified their holdings of the company. Geode Capital Management LLC increased its holdings in Izea Worldwide by 10.5% in the 4th quarter. Geode Capital Management LLC now owns 139,410 shares of the company’s stock worth $611,000 after purchasing an additional 13,281 shares in the last quarter. NewEdge Advisors LLC raised its position 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. Dimensional Fund Advisors LP boosted its stake in shares of 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 purchasing an additional 9,380 shares in the last quarter. State Street Corp boosted its stake in shares of Izea Worldwide by 10.4% during the fourth quarter. State Street Corp now owns 56,862 shares of the company’s stock valued at $249,000 after purchasing an additional 5,350 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in shares of Izea Worldwide by 2,106.2% during the fourth quarter. Royal Bank of Canada now owns 21,246 shares of the company’s stock valued at $93,000 after purchasing an additional 20,283 shares in the last quarter. Institutional investors and hedge funds 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.