IZEA Worldwide (NASDAQ:IZEA) Stock Price Crosses Above 50-Day Moving Average of $0.62

Shares of IZEA Worldwide, Inc. (NASDAQ:IZEA – Get Rating) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $0.62 and traded as high as $0.71. IZEA Worldwide shares last traded at $0.69, with a volume of 117,589 shares trading hands.

IZEA Worldwide Stock Down 2.6 %

The firm has a market capitalization of $43.20 million, a PE ratio of -11.53 and a beta of 2.33. The firm’s 50 day moving average price is $0.62 and its two-hundred day moving average price is $0.63.

IZEA Worldwide (NASDAQ:IZEA – Get Rating) last announced its earnings results on Thursday, March 30th. The company reported ($0.01) earnings per share for the quarter. The firm had revenue of $8.80 million during the quarter. IZEA Worldwide had a negative net margin of 11.72% and a negative return on equity of 6.83%. On average, sell-side analysts anticipate that IZEA Worldwide, Inc. will post 0.03 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. State Street Corp raised its holdings in IZEA Worldwide by 7.8% in the first quarter. State Street Corp now owns 206,044 shares of the company’s stock valued at $342,000 after acquiring an additional 14,913 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of IZEA Worldwide by 14.0% during the fourth quarter. Renaissance Technologies LLC now owns 123,200 shares of the company’s stock worth $67,000 after purchasing an additional 15,100 shares during the period. Citigroup Inc. acquired a new stake in shares of IZEA Worldwide during the first quarter worth $108,000. Jacob Asset Management of New York LLC raised its holdings in shares of IZEA Worldwide by 24.3% during the first quarter. Jacob Asset Management of New York LLC now owns 358,600 shares of the company’s stock worth $233,000 after purchasing an additional 70,000 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC acquired a new stake in shares of IZEA Worldwide during the third quarter worth $55,000. 8.95% of the stock is currently 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.