IZEA Worldwide, Inc. (NASDAQ:IZEA) Major Shareholder Gp Investments, Ltd. Acquires 20,059 Shares

IZEA Worldwide, Inc. (NASDAQ:IZEA) major shareholder Gp Investments, Ltd. acquired 20,059 shares of IZEA Worldwide stock in a transaction on Wednesday, May 1st. The stock was acquired at an average price of $2.87 per share, with a total value of $57,569.33. Following the purchase, the insider now directly owns 1,848,298 shares in the company, valued at $5,304,615.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Gp Investments, Ltd. also recently made the following trade(s):

• On Friday, May 3rd, Gp Investments, Ltd. acquired 1,427 shares of IZEA Worldwide stock. The shares were bought at an average price of $3.00 per share, with a total value of $4,281.00.
• On Friday, April 26th, Gp Investments, Ltd. bought 61,598 shares of IZEA Worldwide stock. The stock was bought at an average price of $2.78 per share, for a total transaction of $171,242.44.
• On Wednesday, April 24th, Gp Investments, Ltd. purchased 28,258 shares of IZEA Worldwide stock. The shares were bought at an average price of $2.48 per share, with a total value of $70,079.84.
• On Tuesday, April 16th, Gp Investments, Ltd. acquired 6,620 shares of IZEA Worldwide stock. The stock was purchased at an average price of $2.50 per share, for a total transaction of $16,550.00.

IZEA Worldwide Stock Performance

Shares of IZEA opened at $3.01 on Friday. IZEA Worldwide, Inc. has a 1 year low of $1.83 and a 1 year high of $3.28. The stock’s fifty day moving average price is $2.31 and its two-hundred day moving average price is $2.21.

IZEA Worldwide (NASDAQ:IZEA) last announced its quarterly earnings data on Monday, April 1st. The company reported ($0.09) earnings per share (EPS) for the quarter. The firm had revenue of $8.89 million during the quarter. IZEA Worldwide had a negative net margin of 20.29% and a negative return on equity of 11.14%. As a group, analysts forecast that IZEA Worldwide, Inc. will post 0.15 EPS for the current year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in IZEA Worldwide stock. Flower City Capital increased its stake in IZEA Worldwide, Inc. (NASDAQ:IZEA) by 163.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 231,392 shares of the company’s stock after purchasing an additional 143,464 shares during the quarter. IZEA Worldwide comprises about 0.3% of Flower City Capital’s holdings, making the stock its 17th largest position. Flower City Capital owned 1.50% of IZEA Worldwide worth $465,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 15.56% of the company’s stock.

About IZEA Worldwide

IZEA Worldwide, Inc, together with its subsidiaries, offers software and professional services to connect brands and content creators in North America, the Asia Pacific, and internationally. The company offers IZEA Flex, its flagship platform for managing enterprise influencer marketing; and comprehensive expense management service to track and manage off-platform expenses related to influencer marketing campaigns.