Izea Worldwide (NASDAQ:IZEA) Stock Price Crosses Above Fifty Day Moving Average – Time to Sell?

Izea Worldwide, Inc. (NASDAQ:IZEA)’s share price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $3.75 and traded as high as $4.35. Izea Worldwide shares last traded at $4.30, with a volume of 18,293 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on IZEA shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Izea Worldwide in a report on Thursday, January 22nd. Zacks Research downgraded Izea Worldwide from a “hold” rating to a “strong sell” rating in a report on Friday, March 20th. Finally, Wall Street Zen lowered shares of Izea Worldwide from a “hold” rating to a “sell” rating in a research report on Saturday, March 21st. Two research analysts have rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Izea Worldwide Stock Up 0.7%

The firm has a fifty day moving average of $3.75 and a 200-day moving average of $4.29. The stock has a market capitalization of $74.56 million, a price-to-earnings ratio of -430,000.00 and a beta of 1.22.

Izea Worldwide (NASDAQ:IZEA) last announced its quarterly earnings results on Tuesday, March 17th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.04). The firm had revenue of $6.10 million during the quarter, compared to analysts’ expectations of $6.75 million. Izea Worldwide had a net margin of 0.13% and a return on equity of 0.09%. As a group, research analysts forecast that Izea Worldwide, Inc. will post 0.15 EPS for the current fiscal year.

Hedge Funds Weigh In On Izea Worldwide

Hedge funds have recently added to or reduced their stakes in the business. ARS Investment Partners LLC raised its position in 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 last quarter. NewEdge Advisors LLC grew its position in shares of Izea Worldwide by 3,143.5% in the fourth quarter. NewEdge Advisors LLC now owns 81,736 shares of the company’s stock valued at $358,000 after purchasing an additional 79,216 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of Izea Worldwide during the 4th quarter worth approximately $56,000. Royal Bank of Canada increased its stake in shares of Izea Worldwide by 2,106.2% during the 4th quarter. Royal Bank of Canada now owns 21,246 shares of the company’s stock worth $93,000 after purchasing an additional 20,283 shares in the last quarter. Finally, State Street Corp raised its position in shares of Izea Worldwide by 10.4% during the 4th quarter. State Street Corp now owns 56,862 shares of the company’s stock worth $249,000 after purchasing an additional 5,350 shares during the last quarter. 15.56% of the stock is currently owned by hedge funds and other institutional investors.

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.