Izea Worldwide (NASDAQ:IZEA) Upgraded to “Buy” at Wall Street Zen

Izea Worldwide (NASDAQ:IZEA) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

Izea Worldwide Trading Up 3.4%

IZEA stock opened at $3.67 on Friday. The firm has a 50 day moving average of $3.71 and a 200-day moving average of $2.81. The firm has a market capitalization of $62.43 million, a P/E ratio of -5.03 and a beta of 1.29. Izea Worldwide has a 12 month low of $1.68 and a 12 month high of $4.39.

Izea Worldwide (NASDAQ:IZEA) last posted its earnings results on Tuesday, August 12th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.05. Izea Worldwide had a negative net margin of 33.38% and a negative return on equity of 19.89%. The business had revenue of $9.13 million for the quarter, compared to analyst estimates of $9.50 million. Sell-side analysts predict that Izea Worldwide will post -0.53 EPS for the current year.

Hedge Funds 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 fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 44,111 shares of the company’s stock after acquiring an additional 8,547 shares during the quarter. Dimensional Fund Advisors LP owned 0.26% of Izea Worldwide worth $121,000 at the end of the most recent reporting period. Hedge funds and other institutional investors 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.