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

Izea Worldwide, Inc. (NASDAQ:IZEA) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.35 and traded as low as $3.36. Izea Worldwide shares last traded at $3.40, with a volume of 87,157 shares traded.

Wall Street Analyst Weigh In

Several equities analysts recently commented on IZEA shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Izea Worldwide in a research note on Thursday, January 22nd. Wall Street Zen cut Izea Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

Izea Worldwide Stock Performance

The business has a 50 day moving average of $4.40 and a 200-day moving average of $4.35. The company has a market capitalization of $58.24 million, a P/E ratio of -17.00 and a beta of 1.21.

Izea Worldwide (NASDAQ:IZEA) last posted its earnings results on Wednesday, November 12th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.09). Izea Worldwide had a negative net margin of 9.43% and a negative return on equity of 2.06%. The company had revenue of $8.04 million for the quarter, compared to analysts’ expectations of $10.00 million. As a group, equities analysts forecast that Izea Worldwide, Inc. will post -0.53 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in IZEA. Ground Swell Capital LLC purchased a new position in Izea Worldwide during the third quarter worth about $43,000. Stonebridge Wealth Management LLC bought a new stake in shares of Izea Worldwide during the 3rd quarter valued at about $52,000. Diversify Advisory Services LLC bought a new position in shares of Izea Worldwide in the fourth quarter worth approximately $82,000. Finally, Cove Street Capital LLC increased its position in shares of Izea Worldwide by 2.7% in the third quarter. Cove Street Capital LLC now owns 181,860 shares of the company’s stock worth $677,000 after purchasing an additional 4,776 shares during the last quarter. 15.56% of the stock is currently owned by hedge funds and other institutional investors.

About Izea Worldwide

IZEA Worldwide, Inc is a technology-driven marketing services company that operates a global digital marketplace connecting brands, agencies and media companies with content creators and influencers. The company’s platform enables clients to plan, execute and measure content marketing and social media campaigns across blogs, social networks, video channels and other digital outlets. Through both self-service tools and managed service engagements, IZEA provides end-to-end solutions for influencer marketing, sponsored content creation and content distribution.

Key offerings include campaign management software, content licensing and rights management, influencer discovery and analytics, and performance reporting.