Izea Worldwide (NASDAQ:IZEA) Announces Earnings Results

Izea Worldwide (NASDAQ:IZEA) released its quarterly earnings data on Tuesday. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.04), FiscalAI reports. Izea Worldwide had a negative net margin of 9.43% and a negative return on equity of 2.06%. The business had revenue of $6.10 million during the quarter, compared to the consensus estimate of $6.75 million.

Izea Worldwide Stock Performance

Shares of IZEA stock traded down $0.09 on Wednesday, hitting $3.67. The company’s stock had a trading volume of 25,769 shares, compared to its average volume of 66,862. Izea Worldwide has a fifty-two week low of $1.68 and a fifty-two week high of $5.86. The company has a market capitalization of $62.87 million, a PE ratio of -18.35 and a beta of 1.22. The stock’s 50 day moving average is $3.73 and its 200-day moving average is $4.27.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Izea Worldwide in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Izea Worldwide has an average rating of “Sell”.

Institutional Trading of Izea Worldwide

A number of institutional investors have recently bought and sold shares of IZEA. NewEdge Advisors LLC increased its stake in Izea Worldwide by 3,143.5% during the 4th quarter. NewEdge Advisors LLC now owns 81,736 shares of the company’s stock worth $358,000 after acquiring an additional 79,216 shares during the period. Royal Bank of Canada lifted its position 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 valued at $93,000 after acquiring an additional 20,283 shares during the period. Geode Capital Management LLC grew its holdings in shares of Izea Worldwide by 10.5% during the 4th quarter. Geode Capital Management LLC now owns 139,410 shares of the company’s stock worth $611,000 after purchasing an additional 13,281 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Izea Worldwide during the 4th quarter worth $56,000. Finally, Dimensional Fund Advisors LP increased its position in shares of Izea Worldwide by 17.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 62,312 shares of the company’s stock worth $273,000 after purchasing an additional 9,380 shares during the period. Institutional investors own 15.56% of the company’s stock.

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.