IZEA Inc. (IZEA) Sees Large Increase in Short Interest
IZEA Inc. (NASDAQ:IZEA) was the target of a large increase in short interest in the month of September. As of September 29th, there was short interest totalling 1,261,674 shares, an increase of 31,418.2% from the September 15th total of 4,003 shares. Based on an average daily trading volume, of 6,022,555 shares, the short-interest ratio is presently 0.2 days. Approximately 27.4% of the shares of the company are short sold.
In related news, major shareholder Awm Investment Company, Inc. sold 450,000 shares of the company’s stock in a transaction on Tuesday, September 26th. The shares were 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. 25.50% of the stock is currently owned by corporate insiders.
A hedge fund recently bought a new stake in IZEA stock. AWM Investment Company Inc. bought a new stake in IZEA Inc. (NASDAQ:IZEA) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,018,216 shares of the company’s stock, valued at approximately $1,945,000. Institutional investors and hedge funds own 31.74% of the company’s stock.
Several research firms recently issued reports on IZEA. Craig Hallum downgraded shares of IZEA from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. ValuEngine raised shares of IZEA from a “strong sell” rating to a “sell” rating in a report on Friday, September 22nd.
Shares of IZEA (NASDAQ:IZEA) opened at 4.64 on Thursday. The company’s 50 day moving average is $3.31 and its 200 day moving average is $2.78. The company’s market capitalization is $26.48 million. IZEA has a 12-month low of $1.37 and a 12-month high of $7.85.
IZEA (NASDAQ:IZEA) last issued its earnings results on Thursday, August 10th. The company reported ($0.25) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.33) by $0.08. IZEA had a negative net margin of 26.71% and a negative return on equity of 90.49%. The business had revenue of $6.98 million for the quarter, compared to the consensus estimate of $7.00 million. Analysts expect that IZEA will post ($1.16) earnings per share for the current fiscal year.
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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