Izea Inc (IZEA) Posts Earnings Results, Beats Expectations By $0.07 EPS
Izea Inc (OTCMKTS:IZEA) released its earnings results on Monday. The company reported ($0.28) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.35) by $0.07. The firm 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. Izea has a 52 week low of $4.55 and a 52 week high of $9.00. The firm has a 50-day moving average of $5.47 and a 200 day moving average of $6.44.
Several institutional investors have recently added to or reduced their stakes in the stock. Bard Associates Inc. purchased a new position in Izea during the second quarter valued at $133,000. Vanguard Group Inc. bought a new position in Izea during the second quarter valued at approximately $952,000. Diker Management LLC raised its position 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 during the period. Finally, Perkins Capital Management Inc. raised its position 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 during the period.
Izea Company Profile
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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