Shares of IZEA Inc. (NASDAQ:IZEA) rose 10.8% during mid-day trading on Wednesday . The stock traded as high as $5.53 and last traded at $4.82. Approximately 1,312,500 shares were traded during trading, an increase of 198% from the average daily volume of 440,949 shares. The stock had previously closed at $4.35.

Several equities analysts have commented on IZEA shares. ValuEngine upgraded IZEA from a “strong sell” rating to a “sell” rating in a research report on Friday, September 22nd. Craig Hallum cut IZEA from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd.

In other news, major shareholder Awm Investment Company, Inc. sold 450,000 shares of the firm’s stock in a transaction that occurred on 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 document filed with the SEC, which is accessible through this link. 25.50% of the stock is owned by company insiders.

An institutional investor recently raised its position in IZEA stock. Royce & Associates LP grew its position in shares of IZEA Inc. (NASDAQ:IZEA) by 4.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 236,176 shares of the company’s stock after purchasing an additional 10,000 shares during the period. Royce & Associates LP’s holdings in IZEA were worth $451,000 at the end of the most recent reporting period. 27.44% of the stock is owned by institutional investors.

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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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