IZEA Inc. (IZEA) Lowered to “Hold” at Craig Hallum
Separately, ValuEngine upgraded IZEA from a strong sell rating to a sell rating in a research note on Friday, September 22nd.
IZEA (NASDAQ IZEA) opened at 6.01 on Monday. The company’s market cap is $34.29 million. The firm’s 50-day moving average is $2.93 and its 200-day moving average is $2.73. IZEA has a 12 month low of $1.37 and a 12 month high of $7.85.
IZEA (NASDAQ:IZEA) last released its quarterly earnings results on Thursday, August 10th. The company reported ($0.25) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.33) by $0.08. The business had revenue of $6.98 million during the quarter, compared to the consensus estimate of $7.00 million. IZEA had a negative return on equity of 90.49% and a negative net margin of 26.71%. On average, analysts anticipate that IZEA will post ($1.16) EPS for the current fiscal year.
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In other IZEA news, major shareholder Awm Investment Company, Inc. sold 450,000 shares of the business’s stock in a transaction dated Tuesday, September 26th. The stock was sold at an average price of $5.74, for a total transaction of $2,583,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 25.50% of the company’s stock.
An institutional investor recently bought a new position in IZEA stock. AWM Investment Company Inc. acquired a new stake in shares of IZEA Inc. (NASDAQ:IZEA) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 1,018,216 shares of the company’s stock, valued at approximately $1,945,000. Hedge funds and other institutional investors own 31.74% of the company’s stock.
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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