Gp Investments, Ltd. Buys 61,598 Shares of IZEA Worldwide, Inc. (NASDAQ:IZEA) Stock

IZEA Worldwide, Inc. (NASDAQ:IZEA) major shareholder Gp Investments, Ltd. acquired 61,598 shares of the business’s stock in a transaction on Friday, April 26th. The shares were purchased at an average cost of $2.78 per share, for a total transaction of $171,242.44. Following the completion of the acquisition, the insider now directly owns 1,828,239 shares in the company, valued at $5,082,504.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Gp Investments, Ltd. also recently made the following trade(s):

• On Wednesday, April 24th, Gp Investments, Ltd. acquired 28,258 shares of IZEA Worldwide stock. The shares were purchased at an average cost of $2.48 per share, for a total transaction of $70,079.84.
• On Tuesday, April 16th, Gp Investments, Ltd. acquired 6,620 shares of IZEA Worldwide stock. The shares were purchased at an average cost of $2.50 per share, for a total transaction of $16,550.00.

IZEA Worldwide Stock Performance

Shares of NASDAQ:IZEA opened at $2.90 on Friday. The company’s 50-day moving average is $2.22 and its 200 day moving average is $2.19. The company has a market capitalization of $44.81 million, a P/E ratio of -6.44 and a beta of 1.82. IZEA Worldwide, Inc. has a fifty-two week low of $1.83 and a fifty-two week high of $3.28.

IZEA Worldwide (NASDAQ:IZEA) last issued its quarterly earnings results on Monday, April 1st. The company reported ($0.09) earnings per share for the quarter. The company had revenue of $8.89 million during the quarter. IZEA Worldwide had a negative return on equity of 11.14% and a negative net margin of 20.29%. As a group, research analysts predict that IZEA Worldwide, Inc. will post 0.15 earnings per share for the current year.

Hedge Funds Weigh In On IZEA Worldwide

A hedge fund recently raised its stake in IZEA Worldwide stock. Jacob Asset Management of New York LLC increased its stake in IZEA Worldwide, Inc. (NASDAQ:IZEA) by 9.6% during the third quarter, according to its most recent filing with the SEC. The fund owned 114,650 shares of the company’s stock after buying an additional 10,000 shares during the quarter. Jacob Asset Management of New York LLC owned 0.74% of IZEA Worldwide worth $248,000 at the end of the most recent quarter. 15.56% of the stock is currently owned by institutional investors and hedge funds.

IZEA Worldwide Company Profile

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.