IZEA Worldwide (NASDAQ:IZEA) Share Price Crosses Below 200-Day Moving Average of $2.35

IZEA Worldwide, Inc. (NASDAQ:IZEA)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $2.35 and traded as low as $2.20. IZEA Worldwide shares last traded at $2.21, with a volume of 9,590 shares changing hands.

IZEA Worldwide Price Performance

The company has a market cap of $36.92 million, a P/E ratio of -4.51 and a beta of 1.62. The stock’s 50-day moving average is $2.26 and its two-hundred day moving average is $2.35.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in IZEA Worldwide stock. Dimensional Fund Advisors LP grew its holdings in IZEA Worldwide, Inc. (NASDAQ:IZEA) by 48.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,741 shares of the company’s stock after acquiring an additional 5,140 shares during the period. Dimensional Fund Advisors LP owned 0.09% of IZEA Worldwide worth $37,000 as of its most recent SEC filing. 15.56% of the stock is owned by hedge funds and other institutional investors.

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.