Izea Inc (IZEA) Issues Quarterly Earnings Results, Beats Expectations By $0.07 EPS
Izea Inc (OTCMKTS:IZEA) announced its earnings results on Monday. The company reported ($0.28) earnings per share for the quarter, topping the consensus estimate of ($0.35) by $0.07. The business had revenue of $7.50 million for the quarter, compared to analysts’ expectations of $7.40 million.
Izea (OTCMKTS:IZEA) opened at 5.09 on Tuesday. The firm’s 50-day moving average is $5.47 and its 200 day moving average is $6.44. Izea has a 12-month low of $4.55 and a 12-month high of $9.00.
Several large investors have recently added to or reduced their stakes in the company. Diker Management LLC boosted its stake in Izea by 1.2% in the third quarter. Diker Management LLC now owns 173,734 shares of the company’s stock valued at $1,020,000 after buying an additional 2,000 shares in the last quarter. Bard Associates Inc. bought a new stake in Izea during the second quarter valued at about $133,000. Vanguard Group Inc. bought a new stake in Izea during the second quarter valued at about $952,000. Finally, Perkins Capital Management Inc. boosted its stake in Izea by 36.9% in the second quarter. Perkins Capital Management Inc. now owns 196,035 shares of the company’s stock valued at $1,494,000 after buying an additional 52,850 shares in the last quarter.
IZEA, Inc (IZEA) operates online marketplaces that facilitate transactions between brands and influential content creators. These creators produce and distribute text, videos and photos on behalf of brands through Websites, blogs and social media channels. Its technology enables transactions to be completed at scale through the management of content workflow, creator search and targeting, bidding, analytics and payment processing.
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