Izea Worldwide, Inc. (NASDAQ:IZEA) Short Interest Down 22.1% in March

Izea Worldwide, Inc. (NASDAQ:IZEA) was the target of a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 94,841 shares, a decrease of 22.1% from the February 26th total of 121,776 shares. Based on an average trading volume of 53,448 shares, the days-to-cover ratio is currently 1.8 days. Approximately 0.6% of the company’s shares are short sold.

Hedge Funds Weigh In On Izea Worldwide

A number of hedge funds have recently added to or reduced their stakes in IZEA. Ground Swell Capital LLC purchased a new position in shares of Izea Worldwide during the third quarter worth approximately $43,000. Stonebridge Wealth Management LLC purchased a new stake in shares of Izea Worldwide in the third quarter valued at approximately $52,000. XTX Topco Ltd bought a new position in Izea Worldwide in the fourth quarter worth approximately $56,000. Diversify Advisory Services LLC bought a new position in Izea Worldwide in the fourth quarter worth approximately $82,000. Finally, Royal Bank of Canada increased its holdings in Izea Worldwide by 2,106.2% during the 4th quarter. Royal Bank of Canada now owns 21,246 shares of the company’s stock worth $93,000 after purchasing an additional 20,283 shares during the period. 15.56% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Izea Worldwide in a report on Thursday, January 22nd. Wall Street Zen lowered shares of Izea Worldwide from a “hold” rating to a “sell” rating in a research report on Saturday, March 21st. Finally, Zacks Research downgraded shares of Izea Worldwide from a “hold” rating to a “strong sell” rating in a research note on Friday, March 20th. Two analysts have rated the stock with a Sell rating, According to MarketBeat, Izea Worldwide has a consensus rating of “Sell”.

Izea Worldwide Stock Down 0.9%

IZEA stock opened at $3.47 on Friday. Izea Worldwide has a twelve month low of $1.68 and a twelve month high of $5.86. The firm has a market cap of $60.17 million, a price-to-earnings ratio of -347,000.00 and a beta of 1.22. The business’s fifty day simple moving average is $3.63 and its two-hundred day simple moving average is $4.27.

Izea Worldwide (NASDAQ:IZEA) last issued its earnings results on Tuesday, March 17th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.04). The company had revenue of $6.10 million for the quarter, compared to analysts’ expectations of $6.75 million. Izea Worldwide had a net margin of 0.13% and a return on equity of 0.09%. Research analysts expect that Izea Worldwide will post -0.53 EPS for the current year.

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.