IZEA Inc. (IZEA) Shares Up -2%
IZEA Inc. (NASDAQ:IZEA) shares shot up 2% during trading on Thursday . The company traded as high as $5.60 and last traded at $4.02. 494,447 shares traded hands during trading, an increase of 54% from the average session volume of 321,033 shares. The stock had previously closed at $4.10.
A number of brokerages have commented on IZEA. ValuEngine cut IZEA from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 25th. Craig Hallum upgraded IZEA from a “hold” rating to a “buy” rating in a research note on Wednesday.
IZEA (NASDAQ:IZEA) last released its quarterly earnings results on Thursday, August 10th. The company reported ($0.25) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.33) by $0.08. IZEA had a negative return on equity of 87.13% and a negative net margin of 22.78%. The business had revenue of $6.98 million for the quarter, compared to analysts’ expectations of $7.00 million. equities analysts forecast that IZEA Inc. will post -0.93 earnings per share for the current fiscal year.
In related 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 value of $2,583,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 25.50% of the company’s stock.
A hedge fund recently bought a new stake in IZEA stock. AWM Investment Company Inc. bought a new stake in shares of IZEA Inc. (NASDAQ:IZEA) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,018,216 shares of the company’s stock, valued at approximately $1,945,000. 31.78% of the stock is currently owned by institutional investors and hedge funds.
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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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