IZEA Worldwide (NASDAQ:IZEA) Stock Crosses Below Two Hundred Day Moving Average – Should You Sell?

Shares of IZEA Worldwide, Inc. (NASDAQ:IZEA) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.57 and traded as low as $2.24. IZEA Worldwide shares last traded at $2.27, with a volume of 9,244 shares changing hands.

IZEA Worldwide Stock Down 2.2 %

The business has a 50-day moving average price of $2.50 and a 200-day moving average price of $2.57. The firm has a market capitalization of $38.52 million, a PE ratio of -2.41 and a beta of 1.55.

Institutional Investors Weigh In On IZEA Worldwide

A hedge fund recently raised its stake in IZEA Worldwide stock. Dimensional Fund Advisors LP grew its stake in IZEA Worldwide, Inc. (NASDAQ:IZEA) by 24.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 44,111 shares of the company’s stock after purchasing an additional 8,547 shares during the period. Dimensional Fund Advisors LP owned approximately 0.26% of IZEA Worldwide worth $121,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 15.56% of the stock is currently 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.