IZEA Worldwide, Inc. (NASDAQ:IZEA) Major Shareholder Buys $57,569.33 in Stock

IZEA Worldwide, Inc. (NASDAQ:IZEA) major shareholder Gp Investments, Ltd. bought 20,059 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was bought at an average cost of $2.87 per share, for a total transaction of $57,569.33. Following the completion of the acquisition, the insider now directly owns 1,848,298 shares of the company’s stock, valued at approximately $5,304,615.26. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Gp Investments, Ltd. also recently made the following trade(s):

• On Friday, May 3rd, Gp Investments, Ltd. purchased 1,427 shares of IZEA Worldwide stock. The stock was bought at an average cost of $3.00 per share, with a total value of $4,281.00.
• On Friday, April 26th, Gp Investments, Ltd. acquired 61,598 shares of IZEA Worldwide stock. The shares were purchased at an average cost of $2.78 per share, for a total transaction of $171,242.44.
• On Wednesday, April 24th, Gp Investments, Ltd. bought 28,258 shares of IZEA Worldwide stock. The stock was purchased at an average price of $2.48 per share, for a total transaction of $70,079.84.
• On Tuesday, April 16th, Gp Investments, Ltd. purchased 6,620 shares of IZEA Worldwide stock. The shares were purchased at an average cost of $2.50 per share, with a total value of $16,550.00.

IZEA Worldwide Trading Down 0.7 %

IZEA stock opened at $3.01 on Monday. The stock’s 50 day simple moving average is $2.31 and its 200 day simple moving average is $2.21. IZEA Worldwide, Inc. has a 12-month low of $1.83 and a 12-month high of $3.28. The stock has a market capitalization of $46.50 million, a PE ratio of -6.69 and a beta of 1.77.

IZEA Worldwide (NASDAQ:IZEA) last announced its quarterly earnings results on Monday, April 1st. The company reported ($0.09) earnings per share (EPS) for the quarter. IZEA Worldwide had a negative net margin of 20.29% and a negative return on equity of 11.14%. The business had revenue of $8.89 million for the quarter. On average, research analysts predict that IZEA Worldwide, Inc. will post 0.15 earnings per share for the current year.

Hedge Funds Weigh In On IZEA Worldwide

A hedge fund recently raised its stake in IZEA Worldwide stock. Flower City Capital increased its stake in shares of IZEA Worldwide, Inc. (NASDAQ:IZEA) by 163.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 231,392 shares of the company’s stock after purchasing an additional 143,464 shares during the period. IZEA Worldwide makes up 0.3% of Flower City Capital’s investment portfolio, making the stock its 17th largest holding. Flower City Capital owned 1.50% of IZEA Worldwide worth $465,000 as of its most recent filing with the Securities & Exchange Commission. 15.56% of the stock is owned by hedge funds and other institutional investors.

About IZEA Worldwide

IZEA Worldwide, Inc, together with its subsidiaries, offers software and professional services to connect brands and content creators in North America, the Asia Pacific, and internationally. The company offers IZEA Flex, its flagship platform for managing enterprise influencer marketing; and comprehensive expense management service to track and manage off-platform expenses related to influencer marketing campaigns.