Izea Worldwide (NASDAQ:IZEA) Downgraded by Wall Street Zen to “Sell”

Izea Worldwide (NASDAQ:IZEA) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Izea Worldwide in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Izea Worldwide Price Performance

NASDAQ:IZEA opened at $3.65 on Friday. Izea Worldwide has a 1 year low of $1.68 and a 1 year high of $5.86. The stock’s 50 day simple moving average is $3.68 and its two-hundred day simple moving average is $4.26. The company has a market cap of $63.29 million, a price-to-earnings ratio of -365,000.00 and a beta of 1.22.

Izea Worldwide (NASDAQ:IZEA) last posted its earnings results on Tuesday, March 17th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.04). Izea Worldwide had a net margin of 0.13% and a return on equity of 0.09%. The firm had revenue of $6.10 million for the quarter, compared to the consensus estimate of $6.75 million. As a group, analysts anticipate that Izea Worldwide will post -0.53 EPS for the current year.

Hedge Funds Weigh In On Izea Worldwide

A number of hedge funds have recently added to or reduced their stakes in the stock. ARS Investment Partners LLC bought a new stake in shares of Izea Worldwide during the fourth quarter valued at approximately $468,000. NewEdge Advisors LLC grew its stake in Izea Worldwide by 3,143.5% in the fourth quarter. NewEdge Advisors LLC now owns 81,736 shares of the company’s stock worth $358,000 after purchasing an additional 79,216 shares in the last quarter. Royal Bank of Canada grew its stake in Izea Worldwide by 2,106.2% in the fourth quarter. Royal Bank of Canada now owns 21,246 shares of the company’s stock worth $93,000 after purchasing an additional 20,283 shares in the last quarter. Diversify Advisory Services LLC purchased a new position in Izea Worldwide during the 4th quarter worth $82,000. Finally, Stonebridge Wealth Management LLC purchased a new position in Izea Worldwide during the 3rd quarter worth $52,000. 15.56% of the stock is currently owned by institutional investors.

Izea Worldwide Company Profile

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.