IZEA Worldwide (NASDAQ:IZEA) Lowered to “Sell” at Zacks Investment Research

IZEA Worldwide (NASDAQ:IZEA) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday, Zacks.com reports.

According to Zacks, “IZEA Worldwide Inc. develops software which connects creators with brands who compensate them to produce and distribute content. IZEA Worldwide Inc., formerly known as IZEA Inc., is headquartered in Winter Park, Florida. “

IZEA stock traded down $0.01 during midday trading on Wednesday, reaching $0.22. 109,200 shares of the company’s stock traded hands, compared to its average volume of 195,377. The business has a 50-day moving average price of $0.27 and a two-hundred day moving average price of $0.38. IZEA Worldwide has a fifty-two week low of $0.21 and a fifty-two week high of $1.75. The company has a market capitalization of $7.95 million, a P/E ratio of -0.33 and a beta of 1.66.

IZEA Worldwide (NASDAQ:IZEA) last posted its earnings results on Thursday, November 14th. The company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.02. IZEA Worldwide had a negative net margin of 29.28% and a negative return on equity of 52.06%. The business had revenue of $4.41 million for the quarter. Equities analysts expect that IZEA Worldwide will post -0.2 earnings per share for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Verition Fund Management LLC acquired a new position in shares of IZEA Worldwide during the second quarter worth $95,000. CVI Holdings LLC acquired a new position in shares of IZEA Worldwide during the second quarter worth $188,000. Worth Venture Partners LLC acquired a new position in shares of IZEA Worldwide during the second quarter worth $193,000. Finally, AWM Investment Company Inc. acquired a new position in shares of IZEA Worldwide during the second quarter worth $1,097,000. 12.93% of the stock is currently owned by institutional investors and hedge funds.

IZEA Worldwide Company Profile

IZEA Worldwide, Inc creates and operates online marketplaces that connect marketers and content creators. Its technology solutions enable the management of content workflow, creator search and targeting, bidding, analytics, and payment processing. The company engages creator for influencer marketing campaigns, or to create content for the marketers' use and distribution.

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