Izea Worldwide (NASDAQ:IZEA) Share Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Izea Worldwide, Inc. (NASDAQ:IZEA) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.35 and traded as low as $3.36. Izea Worldwide shares last traded at $3.40, with a volume of 87,157 shares.

Wall Street Analyst Weigh In

Several research firms recently weighed in on IZEA. Wall Street Zen downgraded Izea Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Izea Worldwide in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Izea Worldwide Price Performance

The stock has a market cap of $58.24 million, a price-to-earnings ratio of -17.00 and a beta of 1.21. The company’s fifty day simple moving average is $4.40 and its two-hundred day simple moving average is $4.35.

Izea Worldwide (NASDAQ:IZEA) last released its quarterly earnings results on Wednesday, November 12th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.09). The company had revenue of $8.04 million during the quarter, compared to analysts’ expectations of $10.00 million. Izea Worldwide had a negative net margin of 9.43% and a negative return on equity of 2.06%. On average, analysts forecast that Izea Worldwide, Inc. will post -0.53 earnings per share for the current year.

Hedge Funds Weigh In On Izea Worldwide

Hedge funds have recently modified their holdings of the company. Ground Swell Capital LLC bought a new position in shares of Izea Worldwide in the third quarter valued at approximately $43,000. Stonebridge Wealth Management LLC bought a new position in Izea Worldwide in the 3rd quarter valued at $52,000. Diversify Advisory Services LLC purchased a new stake in shares of Izea Worldwide during the 4th quarter valued at $82,000. Finally, Cove Street Capital LLC raised its stake in shares of Izea Worldwide by 2.7% during the 3rd quarter. Cove Street Capital LLC now owns 181,860 shares of the company’s stock worth $677,000 after purchasing an additional 4,776 shares during the period. 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.