Izea Worldwide (NASDAQ:IZEA) Stock Rating Lowered by Wall Street Zen

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

A number of other equities research analysts have also recently commented on the stock. Weiss Ratings cut shares of Izea Worldwide from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday, June 3rd. Zacks Research lowered 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.com, Izea Worldwide presently has an average rating of “Sell”.

Izea Worldwide Price Performance

Shares of Izea Worldwide stock opened at $3.62 on Monday. Izea Worldwide has a 1 year low of $2.50 and a 1 year high of $5.86. The firm has a market cap of $63.39 million, a PE ratio of -120.63 and a beta of 1.23. The stock has a fifty day moving average price of $3.96 and a 200-day moving average price of $4.02.

Izea Worldwide (NASDAQ:IZEA) last released its earnings results on Tuesday, May 12th. The company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. The company had revenue of $6.57 million for 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%.

Institutional Investors Weigh In On Izea Worldwide

A number of hedge funds and other institutional investors have recently bought and sold shares of IZEA. XTX Topco Ltd purchased a new stake in shares of Izea Worldwide during the fourth quarter worth $56,000. Diversify Advisory Services LLC purchased a new position in shares of Izea Worldwide in the fourth quarter valued at $82,000. Royal Bank of Canada grew its position 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 valued at $93,000 after purchasing an additional 20,283 shares in the last quarter. Diversify Wealth Management LLC bought a new stake in shares of Izea Worldwide during the 1st quarter valued at $97,000. Finally, State Street Corp raised its stake in shares of Izea Worldwide by 10.4% during 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 during the period. Institutional investors own 15.56% of the company’s stock.

About Izea Worldwide

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.