IZEA Worldwide (NASDAQ:IZEA) Share Price Passes Above Fifty Day Moving Average – Should You Sell?

IZEA Worldwide, Inc. (NASDAQ:IZEA)’s stock price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $2.65 and traded as high as $2.98. IZEA Worldwide shares last traded at $2.90, with a volume of 123,811 shares changing hands.

IZEA Worldwide Stock Up 1.4 %

The firm has a fifty day moving average of $2.67 and a 200-day moving average of $2.50. The firm has a market cap of $47.71 million, a P/E ratio of -3.09 and a beta of 1.58.

IZEA Worldwide (NASDAQ:IZEA) last announced its quarterly earnings data on Wednesday, August 14th. The company reported ($0.13) earnings per share (EPS) for the quarter. The company had revenue of $9.09 million for the quarter. IZEA Worldwide had a negative return on equity of 25.06% and a negative net margin of 46.65%. On average, equities analysts forecast that IZEA Worldwide, Inc. will post -0.39 EPS for the current year.

Institutional Trading of IZEA Worldwide

Several institutional investors and hedge funds have recently added to or reduced their stakes in IZEA. Dimensional Fund Advisors LP increased its holdings in shares of IZEA Worldwide by 48.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 15,741 shares of the company’s stock worth $37,000 after acquiring an additional 5,140 shares during the last quarter. Renaissance Technologies LLC increased 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 buying an additional 5,900 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of IZEA Worldwide during the third quarter worth $40,000. 15.56% of the stock is owned by institutional investors.

IZEA Worldwide Company Profile

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.