IZEA Worldwide Inc (NASDAQ:IZEA) was down 16.9% on Thursday . The company traded as low as $1.35 and last traded at $1.52. Approximately 736,393 shares were traded during mid-day trading, a decline of 12% from the average daily volume of 835,853 shares. The stock had previously closed at $1.83.

A number of equities research analysts recently weighed in on IZEA shares. ValuEngine upgraded IZEA Worldwide from a “hold” rating to a “buy” rating in a report on Thursday, November 1st. LADENBURG THALM/SH SH upped their price target on IZEA Worldwide from $7.00 to $8.00 in a report on Wednesday, September 12th.

The firm has a market capitalization of $19.56 million, a price-to-earnings ratio of -1.58 and a beta of 0.29.

IZEA Worldwide (NASDAQ:IZEA) last announced its earnings results on Wednesday, November 14th. The company reported ($0.13) EPS for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.16. The firm had revenue of $5.78 million for the quarter. IZEA Worldwide had a negative return on equity of 117.05% and a negative net margin of 21.74%. As a group, analysts forecast that IZEA Worldwide Inc will post -0.35 earnings per share for the current year.

A hedge fund recently raised its stake in IZEA Worldwide stock. Perkins Capital Management Inc. raised its stake in shares of IZEA Worldwide Inc (NASDAQ:IZEA) by 669.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 827,595 shares of the company’s stock after buying an additional 720,000 shares during the quarter. Perkins Capital Management Inc. owned about 14.15% of IZEA Worldwide worth $786,000 at the end of the most recent reporting period. 14.05% of the stock is currently owned by institutional investors.

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About IZEA Worldwide (NASDAQ:IZEA)

IZEA Worldwide, Inc creates and operates online marketplaces that connect marketers and content creators. Its technology solutions enable the management of content workflow, creator search and targeting, bidding, analytics, and payment processing. The company engages creator for influencer marketing campaigns, or to create content for the marketers' use and distribution.

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