Short Interest in Izea Worldwide, Inc. (NASDAQ:IZEA) Drops By 22.1%

Izea Worldwide, Inc. (NASDAQ:IZEA) was the recipient of a significant decline in short interest in March. As of March 13th, there was short interest totaling 94,841 shares, a decline of 22.1% from the February 26th total of 121,776 shares. Based on an average daily trading volume, of 53,448 shares, the days-to-cover ratio is presently 1.8 days. Approximately 0.6% of the shares of the stock are short sold.

Izea Worldwide Trading Up 1.2%

Shares of NASDAQ:IZEA traded up $0.04 during midday trading on Tuesday, hitting $3.51. 35,691 shares of the stock were exchanged, compared to its average volume of 71,969. Izea Worldwide has a twelve month low of $1.68 and a twelve month high of $5.86. The company has a 50 day moving average price of $3.61 and a 200-day moving average price of $4.27. The stock has a market cap of $60.86 million, a P/E ratio of -351,000.00 and a beta of 1.22.

Izea Worldwide (NASDAQ:IZEA) last issued its quarterly earnings data on Tuesday, March 17th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.04). The business had revenue of $6.10 million during the quarter, compared to analyst estimates of $6.75 million. Izea Worldwide had a net margin of 0.13% and a return on equity of 0.09%. On average, equities research analysts expect that Izea Worldwide will post -0.53 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Izea Worldwide in a research report on Thursday, January 22nd. Zacks Research cut shares of Izea Worldwide from a “hold” rating to a “strong sell” rating in a research note on Friday, March 20th. Finally, Wall Street Zen downgraded shares of Izea Worldwide from a “hold” rating to a “sell” rating in a report on Saturday, March 21st. Two analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of IZEA. Ground Swell Capital LLC purchased a new stake in Izea Worldwide in the 3rd quarter valued at approximately $43,000. Stonebridge Wealth Management LLC purchased a new position in Izea Worldwide during the third quarter worth $52,000. XTX Topco Ltd purchased a new position in Izea Worldwide during the fourth quarter worth $56,000. Diversify Advisory Services LLC acquired a new position in shares of Izea Worldwide in the fourth quarter worth $82,000. Finally, Royal Bank of Canada lifted its position in shares of Izea Worldwide by 2,106.2% in the fourth quarter. Royal Bank of Canada now owns 21,246 shares of the company’s stock valued at $93,000 after acquiring an additional 20,283 shares in the last quarter. 15.56% of the stock is owned by hedge funds and other institutional investors.

Izea Worldwide Company Profile

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.