Izea Worldwide (NASDAQ:IZEA) Share Price Crosses 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 Thursday . The stock has a two hundred day moving average of $3.63 and traded as low as $2.94. Izea Worldwide shares last traded at $3.01, with a volume of 13,474 shares traded.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Wall Street Zen raised shares of Izea Worldwide from a “sell” rating to a “hold” rating in a research note on Tuesday, June 23rd. Weiss Ratings reissued a “sell (d-)” rating on shares of Izea Worldwide in a report on Monday. Two equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Izea Worldwide Stock Performance

The company’s 50 day moving average price is $3.34 and its 200 day moving average price is $3.63. The company has a market cap of $52.09 million, a price-to-earnings ratio of -21.36 and a beta of 1.22.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. State Street Corp grew its position in 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 acquiring an additional 5,350 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Izea Worldwide by 17.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 62,312 shares of the company’s stock valued at $273,000 after purchasing an additional 9,380 shares during the last quarter. ARS Investment Partners LLC boosted its stake 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 in the last quarter. XTX Topco Ltd bought a new stake in shares of Izea Worldwide during the fourth quarter worth $56,000. Finally, Geode Capital Management LLC grew 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 purchasing an additional 13,281 shares during the last quarter. 15.56% of the stock is owned by institutional investors and hedge funds.

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.