Izea Worldwide (NASDAQ:IZEA) Stock Crosses Below 200-Day Moving Average – Should You Sell?

Izea Worldwide, Inc. (NASDAQ:IZEA) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.65 and traded as low as $2.99. Izea Worldwide shares last traded at $3.12, with a volume of 70,369 shares changing hands.

Analyst Ratings Changes

A number of brokerages recently weighed in on IZEA. Wall Street Zen raised Izea Worldwide from a “sell” rating to a “hold” rating in a report on Tuesday, June 23rd. Weiss Ratings cut shares of Izea Worldwide from a “sell (d)” rating to a “sell (d-)” rating in a research note on Wednesday, June 3rd. Two analysts have rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

Izea Worldwide Stock Performance

The firm has a fifty day moving average of $3.40 and a 200 day moving average of $3.65. The firm has a market capitalization of $53.48 million, a PE ratio of -21.93 and a beta of 1.25.

Izea Worldwide (NASDAQ:IZEA) last posted its earnings results on Wednesday, August 12th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). Izea Worldwide had a negative return on equity of 5.10% and a negative net margin of 9.36%.The firm had revenue of $5.81 million for the quarter, compared to analyst estimates of $8.00 million.

Institutional Investors Weigh In On Izea Worldwide

Several large investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC raised its stake in Izea Worldwide by 59.8% during the 1st quarter. Renaissance Technologies LLC now owns 147,740 shares of the company’s stock valued at $519,000 after acquiring an additional 55,300 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Izea Worldwide by 10.5% during the fourth 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 in the last quarter. ARS Investment Partners LLC grew its position in Izea Worldwide by 9.6% in the 1st quarter. ARS Investment Partners LLC now owns 117,129 shares of the company’s stock valued at $411,000 after buying an additional 10,288 shares in the last quarter. NewEdge Advisors LLC increased its stake in Izea Worldwide by 3,143.5% during the 4th quarter. NewEdge Advisors LLC now owns 81,736 shares of the company’s stock valued at $358,000 after buying an additional 79,216 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Izea Worldwide by 17.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 62,312 shares of the company’s stock valued at $273,000 after buying an additional 9,380 shares during the period. 15.56% of the stock is owned by institutional investors and hedge funds.

About Izea Worldwide

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.