IZEA Worldwide (NASDAQ:IZEA) Share Price Crosses Below 200-Day Moving Average of $0.75

IZEA Worldwide, Inc. (NASDAQ:IZEAGet Rating) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.75 and traded as low as $0.59. IZEA Worldwide shares last traded at $0.63, with a volume of 177,325 shares changing hands.

IZEA Worldwide Stock Performance

The stock has a market capitalization of $39.06 million, a price-to-earnings ratio of -15.68 and a beta of 2.24. The business has a 50-day moving average of $0.62 and a 200-day moving average of $0.75.

IZEA Worldwide (NASDAQ:IZEAGet Rating) last announced its earnings results on Thursday, November 10th. The company reported ($0.01) earnings per share (EPS) for the quarter. IZEA Worldwide had a negative net margin of 7.60% and a negative return on equity of 4.72%. The firm had revenue of $10.83 million during the quarter. On average, research analysts predict that IZEA Worldwide, Inc. will post -0.03 earnings per share for the current fiscal year.

Hedge Funds Weigh In On IZEA Worldwide

Several hedge funds have recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in shares of IZEA Worldwide during the third quarter worth $55,000. Kingsbury Capital Investment Advisors LLC acquired a new position in shares of IZEA Worldwide during the second quarter worth about $70,000. Renaissance Technologies LLC lifted its stake in shares of IZEA Worldwide by 54.9% during the third quarter. Renaissance Technologies LLC now owns 108,100 shares of the company’s stock worth $77,000 after purchasing an additional 38,300 shares in the last quarter. Citigroup Inc. purchased a new stake in shares of IZEA Worldwide during the first quarter worth about $108,000. Finally, Concentric Capital Strategies LP increased its holdings in IZEA Worldwide by 21.2% in the second quarter. Concentric Capital Strategies LP now owns 200,000 shares of the company’s stock valued at $180,000 after buying an additional 35,000 shares during the last quarter. 8.95% of the stock is owned by hedge funds and other institutional investors.

IZEA Worldwide Company Profile

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IZEA Worldwide, Inc engages in the creation and operation of online marketplaces that connect marketers with content creators under IZEAx platform. It automates influencer marketing and custom content development, which allows brands and agencies to scale their marketing programs. The company was founded by Edward Hans Murphy in February 2006 and is headquartered in Orlando, FL.

Further Reading

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