Wall Street Zen Downgrades Izea Worldwide (NASDAQ:IZEA) to Sell

Izea Worldwide (NASDAQ:IZEA) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

Separately, Zacks Research cut 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 data from MarketBeat, Izea Worldwide currently has an average rating of “Sell”.

Izea Worldwide Stock Down 0.5%

Shares of NASDAQ:IZEA opened at $3.69 on Friday. The business has a fifty day moving average of $3.94 and a two-hundred day moving average of $4.12. The stock has a market cap of $64.61 million, a P/E ratio of -122.96 and a beta of 1.29. Izea Worldwide has a 52-week low of $2.50 and a 52-week high of $5.86.

Izea Worldwide (NASDAQ:IZEA) last released its quarterly earnings results 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 business had revenue of $6.57 million during the quarter, compared to analysts’ expectations of $6.75 million. Izea Worldwide had a negative return on equity of 1.20% and a negative net margin of 1.98%.

Hedge Funds Weigh In On Izea Worldwide

Several hedge funds have recently bought and sold shares of IZEA. Cove Street Capital LLC raised its position in Izea Worldwide by 2.7% in the 3rd quarter. Cove Street Capital LLC now owns 181,860 shares of the company’s stock valued at $677,000 after purchasing an additional 4,776 shares in the last quarter. State Street Corp raised its position in Izea Worldwide by 10.4% in the 4th 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. Dimensional Fund Advisors LP raised its position in Izea Worldwide by 17.7% in the 4th 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. ARS Investment Partners LLC raised its position in Izea Worldwide by 9.6% in the 1st quarter. ARS Investment Partners LLC now owns 117,129 shares of the company’s stock valued at $411,000 after purchasing an additional 10,288 shares in the last quarter. Finally, Ground Swell Capital LLC acquired a new stake in Izea Worldwide in the 3rd quarter valued at about $43,000. 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.