IZEA Worldwide (IZEA) Stock Price Down 8.3%
Shares of IZEA Worldwide Inc (NASDAQ:IZEA) traded down 8.3% during trading on Thursday . The company traded as low as $1.75 and last traded at $1.76. 638,097 shares changed hands during trading, a decline of 21% from the average session volume of 810,985 shares. The stock had previously closed at $1.92.
Separately, LADENBURG THALM/SH SH boosted their price target on shares of IZEA Worldwide from $7.00 to $8.00 in a research report on Wednesday.
The stock has a market capitalization of $20.48 million, a P/E ratio of -1.89 and a beta of 0.26.
In related news, insider Edward H. Murphy purchased 100,000 shares of the company’s stock in a transaction on Monday, July 2nd. The shares were bought at an average cost of $1.00 per share, for a total transaction of $100,000.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 25.50% of the stock is currently owned by insiders.
An institutional investor recently raised its position in IZEA Worldwide stock. Perkins Capital Management Inc. lifted its holdings in IZEA Worldwide Inc (NASDAQ:IZEA) by 669.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 827,595 shares of the company’s stock after purchasing an additional 720,000 shares during the period. Perkins Capital Management Inc. owned about 14.15% of IZEA Worldwide worth $786,000 at the end of the most recent reporting period.
IZEA Worldwide Company Profile (NASDAQ:IZEA)
IZEA Worldwide, Inc creates and operates online marketplaces that connect marketers and content creators. Its technology solutions enable the management of content workflow, creator search and targeting, bidding, analytics, and payment processing. The company engages creator for influencer marketing campaigns, or to create content for the marketers' use and distribution.
Further Reading: Earnings Per Share
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