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

Izea Worldwide, Inc. (NASDAQ:IZEA) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $4.19 and traded as low as $3.71. Izea Worldwide shares last traded at $3.72, with a volume of 51,678 shares.

Analyst Ratings Changes

IZEA has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Izea Worldwide in a report on Thursday, January 22nd. Wall Street Zen raised shares of Izea Worldwide from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Zacks Research cut shares of Izea Worldwide from a “hold” rating to a “strong sell” rating in a report on Friday, March 20th. Two equities research analysts have rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Izea Worldwide Stock Down 2.4%

The stock has a market cap of $65.14 million, a price-to-earnings ratio of -123.96 and a beta of 1.29. The stock’s 50 day moving average price is $3.92 and its two-hundred day moving average price is $4.19.

Izea Worldwide (NASDAQ:IZEA) last released its quarterly earnings data on Tuesday, May 12th. The company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. The firm had revenue of $6.57 million for the quarter, compared to analyst estimates of $6.75 million. Izea Worldwide had a negative net margin of 1.98% and a negative return on equity of 1.20%.

Institutional Trading of Izea Worldwide

A number of hedge funds and other institutional investors have recently made changes to their positions in IZEA. ARS Investment Partners LLC acquired a new stake in shares of Izea Worldwide in the fourth quarter worth $468,000. NewEdge Advisors LLC increased its stake in shares of Izea Worldwide by 3,143.5% in the fourth quarter. NewEdge Advisors LLC now owns 81,736 shares of the company’s stock worth $358,000 after acquiring an additional 79,216 shares during the period. Renaissance Technologies LLC increased its stake 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 worth $519,000 after acquiring an additional 55,300 shares during the period. Diversify Wealth Management LLC acquired a new stake in shares of Izea Worldwide in the first quarter worth $97,000. Finally, Royal Bank of Canada increased its stake in shares of Izea Worldwide by 2,106.2% in the fourth quarter. Royal Bank of Canada now owns 21,246 shares of the company’s stock worth $93,000 after acquiring an additional 20,283 shares during the period. Institutional investors and hedge funds own 15.56% of the company’s stock.

Izea Worldwide Company Profile

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.