IZEA Worldwide (NASDAQ:IZEA) Share Price Crosses Above 50-Day Moving Average – Here’s What Happened

IZEA Worldwide, Inc. (NASDAQ:IZEA) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $2.71 and traded as high as $2.77. IZEA Worldwide shares last traded at $2.75, with a volume of 45,591 shares.

IZEA Worldwide Stock Down 5.1 %

The business has a 50-day moving average price of $2.71 and a 200-day moving average price of $2.48. The firm has a market capitalization of $44.28 million, a price-to-earnings ratio of -2.78 and a beta of 1.57.

Institutional Investors Weigh In On IZEA Worldwide

A number of large investors have recently modified their holdings of IZEA. Dimensional Fund Advisors LP grew its holdings in shares of IZEA Worldwide by 48.5% during the second quarter. Dimensional Fund Advisors LP now owns 15,741 shares of the company’s stock valued at $37,000 after buying an additional 5,140 shares during the last quarter. Renaissance Technologies LLC lifted its position in IZEA Worldwide by 8.5% during the 2nd quarter. Renaissance Technologies LLC now owns 75,603 shares of the company’s stock worth $178,000 after acquiring an additional 5,900 shares during the period. Finally, Y Intercept Hong Kong Ltd purchased a new stake in IZEA Worldwide during the 3rd quarter valued at about $40,000. Hedge funds and other institutional investors 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.