IZEA Worldwide (NASDAQ:IZEA) Stock Crosses Below 200 Day Moving Average of $2.28

IZEA Worldwide, Inc. (NASDAQ:IZEA) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.28 and traded as low as $2.25. IZEA Worldwide shares last traded at $2.30, with a volume of 25,852 shares traded.

IZEA Worldwide Stock Up 0.9 %

The company has a 50 day moving average of $2.59 and a 200-day moving average of $2.28. The stock has a market capitalization of $38.43 million, a P/E ratio of -4.69 and a beta of 1.61.

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

Insiders Place Their Bets

In other IZEA Worldwide news, major shareholder Gp Investments, Ltd. purchased 28,258 shares of the stock in a transaction dated Wednesday, April 24th. The shares were bought at an average cost of $2.48 per share, with a total value of $70,079.84. Following the completion of the acquisition, the insider now owns 1,755,160 shares of the company’s stock, valued at $4,352,796.80. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders have purchased 1,262,427 shares of company stock valued at $3,900,006 over the last three months. Company insiders own 7.50% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in IZEA Worldwide stock. Flower City Capital increased its position in shares of IZEA Worldwide, Inc. (NASDAQ:IZEA) by 163.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 investment portfolio, making the stock its 17th largest position. Flower City Capital owned approximately 1.50% of IZEA Worldwide worth $465,000 at the end of the most recent quarter. 15.56% of the stock is owned by institutional investors and hedge funds.

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.