Izea Worldwide (NASDAQ:IZEA) Shares Pass Below 200 Day Moving Average – Time to Sell?

Izea Worldwide, Inc. (NASDAQ:IZEA) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $3.73 and traded as low as $3.45. Izea Worldwide shares last traded at $3.45, with a volume of 47,135 shares traded.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on IZEA shares. Weiss Ratings downgraded shares of Izea Worldwide from a “sell (d)” rating to a “sell (d-)” rating in a research note on Wednesday, June 3rd. Wall Street Zen raised shares of Izea Worldwide from a “sell” rating to a “hold” rating in a research note on Tuesday, June 23rd. Two equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Izea Worldwide Price Performance

The company has a 50 day simple moving average of $3.57 and a 200-day simple moving average of $3.72. The stock has a market cap of $61.64 million, a P/E ratio of -117.29 and a beta of 1.25.

Izea Worldwide (NASDAQ:IZEA) last announced its quarterly earnings data on Tuesday, May 12th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.01. The firm had revenue of $6.57 million for the quarter, compared to analyst estimates of $6.75 million. Izea Worldwide had a negative return on equity of 1.20% and a negative net margin of 1.98%.

Institutional Investors Weigh In On Izea Worldwide

A number of hedge funds have recently made changes to their positions in IZEA. State Street Corp grew its holdings in shares of Izea Worldwide by 10.4% during the 4th quarter. State Street Corp now owns 56,862 shares of the company’s stock valued at $249,000 after purchasing an additional 5,350 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Izea Worldwide by 17.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 62,312 shares of the company’s stock worth $273,000 after purchasing an additional 9,380 shares during the last quarter. ARS Investment Partners LLC boosted its position in Izea Worldwide by 9.6% during the first quarter. ARS Investment Partners LLC now owns 117,129 shares of the company’s stock valued at $411,000 after buying an additional 10,288 shares during the period. XTX Topco Ltd purchased a new stake in Izea Worldwide during the fourth quarter valued at about $56,000. Finally, Geode Capital Management LLC grew its stake in shares of Izea Worldwide by 10.5% during the fourth quarter. Geode Capital Management LLC now owns 139,410 shares of the company’s stock valued at $611,000 after buying an additional 13,281 shares during the last quarter. 15.56% of the stock is currently owned by 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.