IZEA Worldwide (NASDAQ:IZEA) Stock Passes Below 200-Day Moving Average of $2.29

IZEA Worldwide, Inc. (NASDAQ:IZEA) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.29 and traded as low as $1.95. IZEA Worldwide shares last traded at $2.01, with a volume of 84,039 shares.

IZEA Worldwide Stock Down 5.2 %

The stock has a market cap of $33.59 million, a price-to-earnings ratio of -4.10 and a beta of 1.55. The stock’s 50 day moving average price is $2.66 and its two-hundred day moving average price is $2.29.

IZEA Worldwide (NASDAQ:IZEA) last issued its earnings results on Wednesday, May 15th. The company reported ($0.20) EPS for the quarter. The firm had revenue of $6.95 million for the quarter. IZEA Worldwide had a negative return on equity of 12.08% and a negative net margin of 22.68%. On average, analysts predict that IZEA Worldwide, Inc. will post -0.27 earnings per share for the current fiscal year.

Insider Activity at IZEA Worldwide

In related news, major shareholder Gp Investments, Ltd. purchased 20,059 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was acquired at an average price of $2.87 per share, with a total value of $57,569.33. Following the completion of the transaction, the insider now owns 1,848,298 shares of the company’s stock, valued at $5,304,615.26. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last three months, insiders have acquired 1,262,427 shares of company stock valued at $3,900,006. Insiders own 7.50% of the company’s stock.

Hedge Funds Weigh In On IZEA Worldwide

A hedge fund recently raised its stake in IZEA Worldwide stock. Flower City Capital lifted its stake in IZEA Worldwide, Inc. (NASDAQ:IZEA) by 163.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 231,392 shares of the company’s stock after acquiring an additional 143,464 shares during the period. IZEA Worldwide makes up about 0.3% of Flower City Capital’s holdings, making the stock its 17th largest holding. Flower City Capital owned 1.50% of IZEA Worldwide worth $465,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds 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.