Izea Worldwide (NASDAQ:IZEA) Posts Quarterly Earnings Results, Misses Estimates By $0.04 EPS

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

Izea Worldwide Price Performance

Izea Worldwide stock traded down $0.07 during trading hours on Wednesday, hitting $3.69. The company had a trading volume of 45,236 shares, compared to its average volume of 67,257. The firm has a 50-day moving average of $3.73 and a 200 day moving average of $4.27. The firm has a market cap of $63.19 million, a PE ratio of -18.35 and a beta of 1.22. Izea Worldwide has a one year low of $1.68 and a one year high of $5.86.

Institutional Trading of Izea Worldwide

Several hedge funds have recently added to or reduced their stakes in the company. State Street Corp boosted its stake in Izea Worldwide by 10.4% in the 4th quarter. State Street Corp now owns 56,862 shares of the company’s stock valued at $249,000 after purchasing an additional 5,350 shares during the period. Dimensional Fund Advisors LP increased its position in Izea Worldwide by 17.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 62,312 shares of the company’s stock worth $273,000 after buying an additional 9,380 shares during the period. XTX Topco Ltd acquired a new stake in shares of Izea Worldwide during the fourth quarter worth $56,000. Geode Capital Management LLC lifted its holdings in shares of Izea Worldwide by 10.5% during the fourth quarter. Geode Capital Management LLC now owns 139,410 shares of the company’s stock worth $611,000 after buying an additional 13,281 shares in the last quarter. Finally, Royal Bank of Canada boosted its position in shares of Izea Worldwide by 2,106.2% in the fourth 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. 15.56% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Izea Worldwide in a research note on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Izea Worldwide has a consensus rating of “Sell”.

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.