Izea Worldwide (NASDAQ:IZEA) Upgraded by Wall Street Zen to “Hold” Rating

Izea Worldwide (NASDAQ:IZEA) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Sunday.

IZEA has been the subject of several other research reports. Weiss Ratings downgraded shares of Izea Worldwide from a “sell (d)” rating to a “sell (d-)” rating in a research note on Wednesday. Zacks Research cut 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 data from MarketBeat.com, Izea Worldwide presently has a consensus rating of “Sell”.

Izea Worldwide Stock Down 1.6%

IZEA stock opened at $3.71 on Friday. Izea Worldwide has a twelve month low of $2.50 and a twelve month high of $5.86. The stock has a market capitalization of $64.96 million, a price-to-earnings ratio of -123.63 and a beta of 1.23. The firm’s fifty day simple moving average is $3.94 and its two-hundred day simple moving average is $4.08.

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

Hedge Funds Weigh In On Izea Worldwide

Institutional investors have recently bought and sold shares of the business. Ground Swell Capital LLC purchased a new stake in Izea Worldwide during the third quarter worth $43,000. Cove Street Capital LLC increased its holdings in shares of 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 acquiring an additional 4,776 shares during the period. Diversify Advisory Services LLC bought a new position in shares of Izea Worldwide in the 4th quarter worth $82,000. ARS Investment Partners LLC bought a new position in shares of Izea Worldwide in the 4th quarter worth $468,000. Finally, Geode Capital Management LLC lifted its stake in shares of Izea Worldwide by 10.5% during the 4th quarter. Geode Capital Management LLC now owns 139,410 shares of the company’s stock worth $611,000 after purchasing an additional 13,281 shares during the last quarter. 15.56% of the stock is owned by hedge funds and other institutional investors.

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.