Izea Worldwide (NASDAQ:IZEA) Share Price Passes Below Fifty Day Moving Average – Here’s Why

Izea Worldwide, Inc. (NASDAQ:IZEA) shares crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $5.05 and traded as low as $4.56. Izea Worldwide shares last traded at $4.56, with a volume of 55,157 shares trading hands.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on IZEA. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Izea Worldwide in a research report on Wednesday, October 8th. Wall Street Zen downgraded shares of Izea Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

Izea Worldwide Stock Down 1.3%

The firm has a 50-day moving average of $5.05 and a 200 day moving average of $4.06. The stock has a market capitalization of $78.11 million, a P/E ratio of -22.80 and a beta of 1.08.

Izea Worldwide (NASDAQ:IZEA) last announced its quarterly earnings results on Wednesday, November 12th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.09). The business had revenue of $8.04 million during the quarter, compared to the consensus estimate of $10.00 million. Izea Worldwide had a negative net margin of 9.43% and a negative return on equity of 2.06%. Analysts predict that Izea Worldwide, Inc. will post -0.53 EPS for the current fiscal year.

Institutional Investors Weigh In On Izea Worldwide

Institutional investors have recently added to or reduced their stakes in the stock. Ground Swell Capital LLC bought a new stake in shares of Izea Worldwide in the 3rd quarter valued at approximately $43,000. Stonebridge Wealth Management LLC bought a new position in shares of Izea Worldwide during the 3rd quarter worth approximately $52,000. Finally, Cove Street Capital LLC boosted its stake in Izea Worldwide by 2.7% in the 3rd quarter. Cove Street Capital LLC now owns 181,860 shares of the company’s stock valued at $677,000 after buying an additional 4,776 shares in the last quarter. 15.56% of the stock is owned by institutional investors and hedge funds.

About Izea Worldwide

IZEA Worldwide, Inc is a technology-driven marketing services company that operates a global digital marketplace connecting brands, agencies and media companies with content creators and influencers. The company’s platform enables clients to plan, execute and measure content marketing and social media campaigns across blogs, social networks, video channels and other digital outlets. Through both self-service tools and managed service engagements, IZEA provides end-to-end solutions for influencer marketing, sponsored content creation and content distribution.

Key offerings include campaign management software, content licensing and rights management, influencer discovery and analytics, and performance reporting.