Izea Worldwide (NASDAQ:IZEA) Shares Break Below 200-Day Moving Average – What’s Next?

Izea Worldwide, Inc. (NASDAQ:IZEA)’s stock price crossed below its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $3.56 and traded as low as $2.53. Izea Worldwide shares last traded at $2.57, with a volume of 25,868 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Izea Worldwide in a research note on Monday, August 31st. Wall Street Zen upgraded Izea Worldwide from a “sell” rating to a “hold” rating in a research report on Tuesday, June 23rd. Two investment analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, Izea Worldwide has an average rating of “Sell”.

Izea Worldwide Trading Up 2.0%

The firm has a market capitalization of $45.11 million, a P/E ratio of -18.50 and a beta of 1.22. The company has a 50-day moving average of $3.10 and a 200-day moving average of $3.55.

Izea Worldwide (NASDAQ:IZEA) last released its quarterly earnings results on Wednesday, August 12th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). The company had revenue of $5.81 million during the quarter, compared to the consensus estimate of $8.00 million. Izea Worldwide had a negative net margin of 9.36% and a negative return on equity of 5.10%.

Institutional Trading of Izea Worldwide

A number of institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC grew its position in shares of Izea Worldwide by 59.8% during the 1st quarter. Renaissance Technologies LLC now owns 147,740 shares of the company’s stock worth $519,000 after buying an additional 55,300 shares during the period. NewEdge Advisors LLC boosted its stake in Izea Worldwide by 733.2% during the second quarter. NewEdge Advisors LLC now owns 37,051 shares of the company’s stock worth $137,000 after acquiring an additional 32,604 shares in the last quarter. Diversify Wealth Management LLC acquired a new stake in Izea Worldwide in the first quarter worth $97,000. Finally, ARS Investment Partners LLC grew its holdings in Izea Worldwide by 9.6% in the first quarter. ARS Investment Partners LLC now owns 117,129 shares of the company’s stock worth $411,000 after purchasing an additional 10,288 shares during the period. Institutional investors own 15.56% of the company’s stock.

About Izea Worldwide

IZEA Worldwide, Inc (NASDAQ: IZEA) is a technology and services company that operates in the creator economy and influencer marketing industry. The company helps brands and agencies identify, engage and compensate social media creators and other content producers for marketing campaigns.

IZEA provides software and managed services designed to support influencer and creator marketing programs, including campaign planning, creator discovery, content development, workflow management, payments and performance measurement.