Izea Worldwide (NASDAQ:IZEA) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

Izea Worldwide, Inc. (NASDAQ:IZEA)’s stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $3.83 and traded as low as $3.55. Izea Worldwide shares last traded at $3.60, with a volume of 11,224 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Zacks Research downgraded Izea Worldwide from a “hold” rating to a “strong sell” rating in a research note on Friday, March 20th. Wall Street Zen raised Izea Worldwide from a “sell” rating to a “hold” rating in a report on Tuesday, June 23rd. Finally, Weiss Ratings cut Izea Worldwide from a “sell (d)” rating to a “sell (d-)” rating in a research note on Wednesday, June 3rd. Two investment analysts have rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

Izea Worldwide Price Performance

The company has a market cap of $63.04 million, a price-to-earnings ratio of -119.96 and a beta of 1.23. The firm has a 50-day moving average price of $3.73 and a 200 day moving average price of $3.83.

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 the consensus estimate 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%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. XTX Topco Ltd acquired a new stake in shares of Izea Worldwide during the fourth quarter worth $56,000. Diversify Advisory Services LLC bought a new stake in shares of Izea Worldwide in the fourth quarter valued at about $82,000. Royal Bank of Canada grew its stake 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 acquiring an additional 20,283 shares in the last quarter. Diversify Wealth Management LLC acquired a new position in shares of Izea Worldwide in the first quarter valued at about $97,000. Finally, State Street Corp grew its stake in shares of Izea Worldwide by 10.4% in the fourth quarter. State Street Corp now owns 56,862 shares of the company’s stock valued at $249,000 after acquiring an additional 5,350 shares in the last quarter. Institutional investors 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.