IZEA Worldwide (NASDAQ:IZEA) Stock Passes Above 50-Day Moving Average – Here’s Why

IZEA Worldwide, Inc. (NASDAQ:IZEA)’s stock price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $2.03 and traded as high as $2.12. IZEA Worldwide shares last traded at $1.89, with a volume of 16,723 shares.

IZEA Worldwide Stock Down 10.0 %

The company has a market cap of $31.97 million, a P/E ratio of -2.01 and a beta of 1.52. The company’s 50-day moving average is $2.03 and its two-hundred day moving average is $2.43.

IZEA Worldwide (NASDAQ:IZEA) last posted its quarterly earnings results on Thursday, March 27th. The company reported ($0.13) EPS for the quarter. IZEA Worldwide had a negative return on equity of 26.06% and a negative net margin of 46.65%. The company had revenue of $11.00 million during the quarter. On average, analysts anticipate that IZEA Worldwide, Inc. will post -0.53 EPS for the current fiscal year.

Institutional Investors Weigh In On IZEA Worldwide

A hedge fund recently raised its stake in IZEA Worldwide stock. Dimensional Fund Advisors LP lifted its holdings in shares of IZEA Worldwide, Inc. (NASDAQ:IZEA) by 24.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,111 shares of the company’s stock after buying an additional 8,547 shares during the quarter. Dimensional Fund Advisors LP owned about 0.26% of IZEA Worldwide worth $121,000 at the end of the most recent quarter. 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.