Izea Worldwide, Inc. (NASDAQ:IZEA) Short Interest Up 21.5% in December

Izea Worldwide, Inc. (NASDAQ:IZEA) saw a significant growth in short interest in December. As of December 31st, there was short interest totaling 111,775 shares, a growth of 21.5% from the December 15th total of 91,988 shares. Currently, 0.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 48,663 shares, the short-interest ratio is currently 2.3 days. Based on an average daily trading volume, of 48,663 shares, the short-interest ratio is currently 2.3 days. Currently, 0.7% of the shares of the stock are short sold.

Analysts Set New Price Targets

A number of research firms have issued reports on IZEA. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Izea Worldwide in a research note on Wednesday, October 8th. Wall Street Zen cut shares of Izea Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Izea Worldwide

Several institutional investors have recently made changes to their positions in the company. Ground Swell Capital LLC purchased a new position in shares of Izea Worldwide during the 3rd quarter worth about $43,000. Stonebridge Wealth Management LLC bought a new stake in Izea Worldwide in the third quarter worth about $52,000. Finally, Cove Street Capital LLC boosted its position in shares of Izea Worldwide by 2.7% during the third quarter. Cove Street Capital LLC now owns 181,860 shares of the company’s stock valued at $677,000 after buying an additional 4,776 shares during the period. Institutional investors own 15.56% of the company’s stock.

Izea Worldwide Price Performance

Shares of Izea Worldwide stock traded up $0.01 on Monday, reaching $4.19. The company had a trading volume of 41,657 shares, compared to its average volume of 54,109. The firm has a market cap of $71.77 million, a price-to-earnings ratio of -20.95 and a beta of 0.88. The firm’s 50-day moving average price is $4.71 and its two-hundred day moving average price is $4.30. Izea Worldwide has a 1 year low of $1.68 and a 1 year high of $5.86.

Izea Worldwide (NASDAQ:IZEA) last released its quarterly earnings results on Wednesday, November 12th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.09). The company had revenue of $8.04 million for the quarter, compared to analysts’ expectations of $10.00 million. Izea Worldwide had a negative net margin of 9.43% and a negative return on equity of 2.06%. As a group, analysts anticipate that Izea Worldwide will post -0.53 EPS for the current year.

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.