Izea Worldwide (NASDAQ:IZEA) Shares Pass Below Two Hundred Day Moving Average – Here’s Why

Izea Worldwide, Inc. (NASDAQ:IZEA) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $3.78 and traded as low as $3.36. Izea Worldwide shares last traded at $3.40, with a volume of 50,303 shares changing hands.

Analysts Set New Price Targets

Several equities analysts have commented on IZEA shares. Weiss Ratings downgraded shares of Izea Worldwide from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, June 3rd. Wall Street Zen upgraded shares of Izea Worldwide from a “sell” rating to a “hold” rating in a research report on Tuesday, June 23rd. Two analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Izea Worldwide Stock Down 1.7%

The stock has a market cap of $59.53 million, a price-to-earnings ratio of -113.30 and a beta of 1.23. The company’s 50-day moving average is $3.64 and its 200-day moving average is $3.78.

Izea Worldwide (NASDAQ:IZEA) last released its quarterly earnings data on Tuesday, May 12th. The company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. The company had revenue of $6.57 million for the quarter, compared to the consensus estimate 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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Diversify Advisory Services LLC bought a new stake in Izea Worldwide in the fourth quarter valued at $82,000. ARS Investment Partners LLC bought a new stake in shares of Izea Worldwide in the 4th quarter worth about $468,000. Geode Capital Management LLC increased its position 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 in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Izea Worldwide by 17.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 62,312 shares of the company’s stock worth $273,000 after purchasing an additional 9,380 shares in the last quarter. Finally, State Street Corp lifted its holdings in 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 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.