Gp Investments, Ltd. Buys 928,114 Shares of IZEA Worldwide, Inc. (NASDAQ:IZEA) Stock

IZEA Worldwide, Inc. (NASDAQ:IZEA) major shareholder Gp Investments, Ltd. bought 928,114 shares of IZEA Worldwide stock in a transaction that occurred on Tuesday, May 14th. The stock was bought at an average price of $3.20 per share, for a total transaction of $2,969,964.80. Following the completion of the acquisition, the insider now directly owns 2,823,706 shares of the company’s stock, valued at $9,035,859.20. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Thursday, May 16th, Gp Investments, Ltd. purchased 178,330 shares of IZEA Worldwide stock. The stock was purchased at an average price of $2.77 per share, for a total transaction of $493,974.10.
• On Thursday, May 9th, Gp Investments, Ltd. acquired 38,021 shares of IZEA Worldwide stock. The shares were purchased at an average price of $3.06 per share, with a total value of $116,344.26.
• On Friday, May 3rd, Gp Investments, Ltd. bought 1,427 shares of IZEA Worldwide stock. The stock was purchased at an average price of $3.00 per share, for a total transaction of $4,281.00.
• On Wednesday, May 1st, Gp Investments, Ltd. purchased 20,059 shares of IZEA Worldwide stock. The shares were acquired at an average price of $2.87 per share, with a total value of $57,569.33.
• On Friday, April 26th, Gp Investments, Ltd. acquired 61,598 shares of IZEA Worldwide stock. The stock was acquired at an average cost of $2.78 per share, with a total value of $171,242.44.
• On Wednesday, April 24th, Gp Investments, Ltd. bought 28,258 shares of IZEA Worldwide stock. The shares were acquired 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 stock was acquired at an average cost of $2.50 per share, for a total transaction of $16,550.00.

IZEA Worldwide Stock Down 10.3 %

Shares of IZEA stock opened at $2.78 on Friday. The firm has a 50 day moving average of $2.52 and a 200-day moving average of $2.27. The company has a market cap of $42.95 million, a price-to-earnings ratio of -5.67 and a beta of 1.77. IZEA Worldwide, Inc. has a 52 week low of $1.83 and a 52 week high of $3.60.

IZEA Worldwide (NASDAQ:IZEA) last issued its earnings results on Monday, April 1st. The company reported ($0.09) earnings per share (EPS) for the quarter. IZEA Worldwide had a negative return on equity of 11.94% and a negative net margin of 22.68%. The company had revenue of $8.89 million for the quarter. Analysts anticipate that IZEA Worldwide, Inc. will post 0.15 earnings per share for the current year.

Institutional Trading of IZEA Worldwide

A hedge fund recently raised its stake in IZEA Worldwide stock. Flower City Capital raised its position in IZEA Worldwide, Inc. (NASDAQ:IZEA) by 163.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 231,392 shares of the company’s stock after acquiring an additional 143,464 shares during the period. IZEA Worldwide makes up about 0.3% of Flower City Capital’s holdings, making the stock its 17th largest position. Flower City Capital owned 1.50% of IZEA Worldwide worth $465,000 at the end of the most recent reporting period. Institutional investors own 15.56% of the company’s stock.

IZEA Worldwide Company Profile

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.