Izea Worldwide (NASDAQ:IZEA) Posts Quarterly Earnings Results, Misses Expectations By $0.04 EPS

Izea Worldwide (NASDAQ:IZEA) issued its earnings results on Tuesday. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.04), FiscalAI reports. Izea Worldwide had a negative net margin of 9.43% and a negative return on equity of 2.06%. The firm had revenue of $6.10 million during the quarter, compared to the consensus estimate of $6.75 million.

Izea Worldwide Price Performance

Shares of Izea Worldwide stock remained flat at $3.76 during trading hours on Wednesday. 51,123 shares of the company’s stock were exchanged, compared to its average volume of 67,463. Izea Worldwide has a 12-month low of $1.68 and a 12-month high of $5.86. The stock has a market cap of $64.41 million, a P/E ratio of -18.79 and a beta of 1.22. The business has a 50 day simple moving average of $3.73 and a two-hundred day simple moving average of $4.27.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Izea Worldwide in a report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Izea Worldwide has an average rating of “Sell”.

Institutional Investors Weigh In On Izea Worldwide

Hedge funds and other institutional investors have recently made changes to their positions in the business. NewEdge Advisors LLC raised its holdings in shares of Izea Worldwide by 3,143.5% in the 4th quarter. NewEdge Advisors LLC now owns 81,736 shares of the company’s stock worth $358,000 after acquiring an additional 79,216 shares during the last quarter. Royal Bank of Canada boosted its stake in Izea Worldwide by 2,106.2% during the 4th quarter. Royal Bank of Canada now owns 21,246 shares of the company’s stock valued at $93,000 after purchasing an additional 20,283 shares during the last quarter. Geode Capital Management LLC boosted its stake in Izea Worldwide by 10.5% during the 4th quarter. Geode Capital Management LLC now owns 139,410 shares of the company’s stock valued at $611,000 after purchasing an additional 13,281 shares during the last quarter. XTX Topco Ltd bought a new stake in Izea Worldwide during the 4th quarter worth approximately $56,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of Izea Worldwide by 17.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 62,312 shares of the company’s stock worth $273,000 after purchasing an additional 9,380 shares during the last quarter. 15.56% of the stock is owned by institutional investors.

Izea Worldwide Company Profile

IZEA Worldwide, Inc is a technology-driven marketing services company that operates a global digital marketplace connecting brands, agencies and media companies with content creators and influencers. The company’s platform enables clients to plan, execute and measure content marketing and social media campaigns across blogs, social networks, video channels and other digital outlets. Through both self-service tools and managed service engagements, IZEA provides end-to-end solutions for influencer marketing, sponsored content creation and content distribution.

Key offerings include campaign management software, content licensing and rights management, influencer discovery and analytics, and performance reporting.