IZEA Worldwide (NASDAQ:IZEA) Downgraded to Sell at Zacks Investment Research

Zacks Investment Research cut shares of IZEA Worldwide (NASDAQ:IZEA) from a hold rating to a sell rating in a research note issued to investors on Wednesday morning, Zacks.com reports.

According to Zacks, “IZEA Worldwide Inc. develops software which connects creators with brands who compensate them to produce and distribute content. IZEA Worldwide Inc., formerly known as IZEA Inc., is headquartered in Winter Park, Florida. “

IZEA Worldwide stock remained flat at $$0.24 during trading on Wednesday. 1,100 shares of the company were exchanged, compared to its average volume of 167,762. The company has a fifty day moving average of $0.27 and a 200-day moving average of $0.40. IZEA Worldwide has a 1 year low of $0.22 and a 1 year high of $1.75. The company has a market capitalization of $8.12 million, a price-to-earnings ratio of -0.37 and a beta of 1.67.

IZEA Worldwide (NASDAQ:IZEA) last announced its earnings results on Thursday, November 14th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.02. IZEA Worldwide had a negative net margin of 29.28% and a negative return on equity of 52.06%. The business had revenue of $4.41 million for the quarter. Analysts anticipate that IZEA Worldwide will post -0.2 earnings per share for the current fiscal year.

A number of hedge funds have recently bought and sold shares of IZEA. Verition Fund Management LLC acquired a new position in shares of IZEA Worldwide during the second quarter valued at approximately $95,000. CVI Holdings LLC purchased a new position in IZEA Worldwide in the 2nd quarter valued at $188,000. Worth Venture Partners LLC purchased a new position in IZEA Worldwide in the 2nd quarter valued at $193,000. Finally, AWM Investment Company Inc. acquired a new stake in IZEA Worldwide during the 2nd quarter worth $1,097,000. Institutional investors own 12.73% of the company’s stock.

About IZEA Worldwide

IZEA Worldwide, Inc creates and operates online marketplaces that connect marketers and content creators. Its technology solutions enable the management of content workflow, creator search and targeting, bidding, analytics, and payment processing. The company engages creator for influencer marketing campaigns, or to create content for the marketers' use and distribution.

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