Zacks Investment Research upgraded shares of IZEA Worldwide (NASDAQ:IZEA) from a sell rating to a hold rating in a report published on Saturday morning, Zacks.com reports.

According to Zacks, “IZEA Worldwide Inc. develops software which connects creators with brands who compensate them to produce and distribute content. IZEA Worldwide Inc., formerly known as IZEA Inc., is headquartered in Winter Park, Florida. “

Separately, ValuEngine raised IZEA Worldwide from a hold rating to a buy rating in a report on Saturday, March 30th.

NASDAQ IZEA opened at $0.59 on Friday. IZEA Worldwide has a 1-year low of $0.55 and a 1-year high of $3.00.

IZEA Worldwide (NASDAQ:IZEA) last released its quarterly earnings results on Monday, May 13th. The company reported ($0.15) earnings per share for the quarter, beating the consensus estimate of ($0.19) by $0.04. The firm had revenue of $4.79 million for the quarter. IZEA Worldwide had a negative return on equity of 92.11% and a negative net margin of 26.26%. Sell-side analysts anticipate that IZEA Worldwide will post -0.08 earnings per share for the current year.

An institutional investor recently raised its position in IZEA Worldwide stock. Perkins Capital Management Inc. increased its stake in IZEA Worldwide Inc (NASDAQ:IZEA) by 77.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 564,500 shares of the company’s stock after purchasing an additional 246,750 shares during the quarter. Perkins Capital Management Inc. owned approximately 4.39% of IZEA Worldwide worth $649,000 at the end of the most recent quarter. 6.35% of the stock is currently owned by institutional investors.

IZEA Worldwide Company Profile

IZEA Worldwide, Inc creates and operates online marketplaces that connect marketers and content creators. Its technology solutions enable the management of content workflow, creator search and targeting, bidding, analytics, and payment processing. The company engages creator for influencer marketing campaigns, or to create content for the marketers' use and distribution.

See Also: Are 12b-1 Fees Affecting Your Mutual Fund Performance?

Get a free copy of the Zacks research report on IZEA Worldwide (IZEA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for IZEA Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IZEA Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.