IZEA Worldwide (NASDAQ:IZEA) Share Price Crosses Below 200-Day Moving Average – Time to Sell?

Shares of IZEA Worldwide, Inc. (NASDAQ:IZEA) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.51 and traded as low as $2.33. IZEA Worldwide shares last traded at $2.40, with a volume of 24,345 shares.

IZEA Worldwide Stock Up 2.9 %

The stock has a market capitalization of $41.58 million, a PE ratio of -2.61 and a beta of 1.60. The firm’s fifty day moving average price is $2.60 and its two-hundred day moving average price is $2.51.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of IZEA. Dimensional Fund Advisors LP lifted its position 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 valued at $37,000 after buying an additional 5,140 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in IZEA Worldwide during the 3rd quarter worth approximately $40,000. Finally, Renaissance Technologies LLC lifted its holdings in IZEA Worldwide by 8.5% during the second quarter. Renaissance Technologies LLC now owns 75,603 shares of the company’s stock valued at $178,000 after purchasing an additional 5,900 shares in the last quarter. 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.