Izea Worldwide (NASDAQ:IZEA) Share Price Crosses Above 50-Day Moving Average – Should You Sell?

Izea Worldwide, Inc. (NASDAQ:IZEA) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $2.78 and traded as high as $3.52. Izea Worldwide shares last traded at $3.41, with a volume of 95,092 shares trading hands.

Izea Worldwide Price Performance

The firm has a market cap of $57.73 million, a PE ratio of -3.67 and a beta of 1.18. The company has a 50 day moving average price of $2.78 and a 200 day moving average price of $2.44.

Izea Worldwide (NASDAQ:IZEA) last announced its quarterly earnings data on Tuesday, May 13th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.17) by $0.16. Izea Worldwide had a negative return on equity of 25.25% and a negative net margin of 42.63%. The firm had revenue of $7.97 million during the quarter, compared to the consensus estimate of $9.00 million. On average, equities analysts anticipate that Izea Worldwide, Inc. will post -0.53 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Izea Worldwide

An institutional investor recently raised its position in Izea Worldwide stock. Dimensional Fund Advisors LP raised its position in Izea Worldwide, Inc. (NASDAQ:IZEA) by 24.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,111 shares of the company’s stock after purchasing an additional 8,547 shares during the quarter. Dimensional Fund Advisors LP owned 0.26% of Izea Worldwide worth $121,000 as of its most recent SEC filing. Institutional investors and hedge funds own 15.56% of the company’s stock.

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.