Izea Worldwide, Inc. (NASDAQ:IZEA) Short Interest Up 21.5% in December

Izea Worldwide, Inc. (NASDAQ:IZEA) was the target of a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 111,775 shares, an increase of 21.5% from the December 15th total of 91,988 shares. Based on an average daily volume of 48,663 shares, the short-interest ratio is presently 2.3 days. Currently, 0.7% of the company’s shares are short sold. Currently, 0.7% of the company’s shares are short sold. Based on an average daily volume of 48,663 shares, the short-interest ratio is presently 2.3 days.

Analysts Set New Price Targets

Several equities research analysts have issued reports on IZEA shares. Wall Street Zen downgraded shares of Izea Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Izea Worldwide in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Izea Worldwide

A number of institutional investors have recently modified their holdings of IZEA. Cove Street Capital LLC grew its holdings in Izea Worldwide by 2.7% in the third quarter. Cove Street Capital LLC now owns 181,860 shares of the company’s stock valued at $677,000 after purchasing an additional 4,776 shares during the period. Stonebridge Wealth Management LLC purchased a new position in shares of Izea Worldwide during the 3rd quarter valued at approximately $52,000. Finally, Ground Swell Capital LLC acquired a new stake in Izea Worldwide in the 3rd quarter valued at $43,000. 15.56% of the stock is currently owned by institutional investors and hedge funds.

Izea Worldwide Trading Down 3.6%

Izea Worldwide stock opened at $4.04 on Wednesday. The firm has a market cap of $69.21 million, a PE ratio of -20.20 and a beta of 0.88. Izea Worldwide has a 12 month low of $1.68 and a 12 month high of $5.86. The stock’s 50 day simple moving average is $4.69 and its two-hundred day simple moving average is $4.31.

Izea Worldwide (NASDAQ:IZEA) last posted its 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). Izea Worldwide had a negative net margin of 9.43% and a negative return on equity of 2.06%. The firm had revenue of $8.04 million during the quarter, compared to analyst estimates of $10.00 million. On average, equities research analysts forecast that Izea Worldwide will post -0.53 EPS for the current year.

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.