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

Izea Worldwide (NASDAQ:IZEA) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Tuesday.

Other equities analysts also recently issued reports about the stock. Weiss Ratings downgraded shares of Izea Worldwide from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday, June 3rd. Zacks Research cut shares of Izea Worldwide from a “hold” rating to a “strong sell” rating in a research note on Friday, March 20th. Two research analysts have rated the stock with a Sell rating, According to MarketBeat.com, Izea Worldwide currently has a consensus rating of “Sell”.

Izea Worldwide Stock Down 5.0%

NASDAQ:IZEA opened at $3.43 on Tuesday. The firm has a market capitalization of $60.06 million, a price-to-earnings ratio of -114.30 and a beta of 1.23. Izea Worldwide has a twelve month low of $2.50 and a twelve month high of $5.86. The stock’s 50 day moving average price is $3.96 and its two-hundred day moving average price is $3.96.

Izea Worldwide (NASDAQ:IZEA) last announced its quarterly earnings data on Tuesday, May 12th. The company reported ($0.04) earnings per share (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 Trading of Izea Worldwide

Several institutional investors and hedge funds have recently bought and sold shares of the business. Renaissance Technologies LLC raised its holdings in Izea Worldwide by 59.8% in the 1st quarter. Renaissance Technologies LLC now owns 147,740 shares of the company’s stock valued at $519,000 after acquiring an additional 55,300 shares during the period. Diversify Wealth Management LLC bought a new stake in shares of Izea Worldwide during the first quarter worth approximately $97,000. ARS Investment Partners LLC boosted its holdings in shares of Izea Worldwide by 9.6% during the first quarter. ARS Investment Partners LLC now owns 117,129 shares of the company’s stock worth $411,000 after acquiring an additional 10,288 shares during the period. NewEdge Advisors LLC boosted its holdings in shares of Izea Worldwide by 3,143.5% during the fourth quarter. NewEdge Advisors LLC now owns 81,736 shares of the company’s stock worth $358,000 after acquiring an additional 79,216 shares during the period. Finally, XTX Topco Ltd acquired a new position in shares of Izea Worldwide in the fourth quarter valued at approximately $56,000. 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.