Insider Buying: IZEA Worldwide, Inc. (NASDAQ:IZEA) Major Shareholder Purchases 6,620 Shares of Stock

IZEA Worldwide, Inc. (NASDAQ:IZEA) major shareholder Gp Investments, Ltd. bought 6,620 shares of IZEA Worldwide stock in a transaction dated Tuesday, April 16th. The stock was acquired at an average cost of $2.50 per share, for a total transaction of $16,550.00. Following the completion of the transaction, the insider now directly owns 1,726,386 shares in the company, valued at $4,315,965. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

IZEA Worldwide Price Performance

NASDAQ:IZEA opened at $2.59 on Friday. IZEA Worldwide, Inc. has a one year low of $1.83 and a one year high of $3.28. The company’s 50-day simple moving average is $2.15 and its 200 day simple moving average is $2.17.

Hedge Funds Weigh In On IZEA Worldwide

Several large investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its stake in shares of IZEA Worldwide by 72.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 24,150 shares of the company’s stock worth $49,000 after buying an additional 10,106 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in shares of IZEA Worldwide in the third quarter worth $55,000. Renaissance Technologies LLC increased its holdings in shares of IZEA Worldwide by 14.0% during the fourth quarter. Renaissance Technologies LLC now owns 123,200 shares of the company’s stock valued at $67,000 after acquiring an additional 15,100 shares in the last quarter. Citigroup Inc. bought a new position in shares of IZEA Worldwide during the first quarter valued at $108,000. Finally, Jacob Asset Management of New York LLC raised its position in shares of IZEA Worldwide by 9.6% in the 3rd quarter. Jacob Asset Management of New York LLC now owns 114,650 shares of the company’s stock worth $248,000 after purchasing an additional 10,000 shares during the last quarter. 15.56% of the stock is currently owned by hedge funds and other 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.