IZEA Worldwide (NASDAQ:IZEA) Shares Pass Above Fifty Day Moving Average – What’s Next?

Shares of IZEA Worldwide, Inc. (NASDAQ:IZEA) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $2.11 and traded as high as $2.90. IZEA Worldwide shares last traded at $2.84, with a volume of 47,482 shares.

IZEA Worldwide Price Performance

The stock has a market cap of $48.07 million, a P/E ratio of -3.02 and a beta of 1.52. The company has a fifty day moving average price of $2.11 and a 200 day moving average price of $2.40.

IZEA Worldwide (NASDAQ:IZEA) last released its quarterly earnings data on Tuesday, May 13th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.17) by $0.16. The firm had revenue of $7.97 million during the quarter, compared to the consensus estimate of $9.00 million. IZEA Worldwide had a negative return on equity of 26.06% and a negative net margin of 46.65%. As a group, sell-side analysts expect that IZEA Worldwide, Inc. will post -0.53 earnings per share for the current fiscal year.

Institutional Investors Weigh In On IZEA Worldwide

A hedge fund recently raised its stake in IZEA Worldwide stock. Dimensional Fund Advisors LP boosted its holdings in IZEA Worldwide, Inc. (NASDAQ:IZEA) by 24.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,111 shares of the company’s stock after purchasing an additional 8,547 shares during the period. Dimensional Fund Advisors LP owned about 0.26% of IZEA Worldwide worth $121,000 as of its most recent SEC filing. Institutional investors and hedge funds own 15.56% of the company’s stock.

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.