IZEA Worldwide (NASDAQ:IZEA) Shares Pass Below 200 Day Moving Average – Should You Sell?

IZEA Worldwide, Inc. (NASDAQ:IZEAGet Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.51 and traded as low as $2.33. IZEA Worldwide shares last traded at $2.40, with a volume of 24,345 shares changing hands.

IZEA Worldwide Price Performance

The firm has a market capitalization of $40.72 million, a PE ratio of -2.55 and a beta of 1.60. The company’s fifty day simple moving average is $2.60 and its 200 day simple moving average is $2.51.

Institutional Investors Weigh In On IZEA Worldwide

Institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its holdings in shares of IZEA Worldwide by 48.5% in the second quarter. Dimensional Fund Advisors LP now owns 15,741 shares of the company’s stock worth $37,000 after buying an additional 5,140 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of IZEA Worldwide by 8.5% in the second quarter. Renaissance Technologies LLC now owns 75,603 shares of the company’s stock worth $178,000 after buying an additional 5,900 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of IZEA Worldwide in the third quarter worth about $40,000. 15.56% of the stock is owned by hedge funds and other institutional investors.

IZEA Worldwide Company Profile

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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.

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