Izea Worldwide (NASDAQ:IZEA) Stock Price Crosses Below 50 Day Moving Average – Should You Sell?

Izea Worldwide, Inc. (NASDAQ:IZEA)’s share price crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $5.05 and traded as low as $4.56. Izea Worldwide shares last traded at $4.56, with a volume of 55,157 shares.

Wall Street Analysts Forecast Growth

IZEA has been the topic of several analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Izea Worldwide in a report on Wednesday, October 8th. Wall Street Zen lowered shares of Izea Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Izea Worldwide currently has an average rating of “Sell”.

Izea Worldwide Price Performance

The business has a 50 day simple moving average of $5.05 and a 200 day simple moving average of $4.06. The company has a market cap of $78.11 million, a price-to-earnings ratio of -22.80 and a beta of 1.08.

Izea Worldwide (NASDAQ:IZEA) last announced its earnings results on Wednesday, November 12th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.09). The business had revenue of $8.04 million during the quarter, compared to analyst estimates of $10.00 million. Izea Worldwide had a negative net margin of 9.43% and a negative return on equity of 2.06%. As a group, sell-side analysts anticipate that Izea Worldwide, Inc. will post -0.53 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Izea Worldwide

A number of large investors have recently modified their holdings of IZEA. Ground Swell Capital LLC bought a new stake in shares of Izea Worldwide during the third quarter valued at approximately $43,000. Stonebridge Wealth Management LLC acquired a new position in Izea Worldwide during the 3rd quarter worth $52,000. Finally, Cove Street Capital LLC lifted its holdings in 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 buying an additional 4,776 shares in the last quarter. 15.56% of the stock is currently owned by institutional investors and hedge funds.

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.