IZEA Worldwide (NASDAQ:IZEA) Share Price Crosses Above 50 Day Moving Average – Here’s What Happened

IZEA Worldwide, Inc. (NASDAQ:IZEA)’s stock price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $2.65 and traded as high as $2.98. IZEA Worldwide shares last traded at $2.90, with a volume of 123,811 shares traded.

IZEA Worldwide Stock Performance

The stock has a market capitalization of $47.71 million, a price-to-earnings ratio of -5.27 and a beta of 1.58. The company has a 50 day moving average of $2.65 and a 200 day moving average of $2.50.

IZEA Worldwide (NASDAQ:IZEA) last announced its quarterly earnings results on Wednesday, August 14th. The company reported ($0.13) EPS for the quarter. IZEA Worldwide had a negative net margin of 27.32% and a negative return on equity of 14.18%. The company had revenue of $9.09 million during the quarter. As a group, research analysts expect that IZEA Worldwide, Inc. will post -0.39 EPS for the current fiscal year.

Hedge Funds Weigh In On IZEA Worldwide

Several hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in IZEA Worldwide by 48.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 15,741 shares of the company’s stock valued at $37,000 after purchasing an additional 5,140 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of IZEA Worldwide by 8.5% in the second quarter. Renaissance Technologies LLC now owns 75,603 shares of the company’s stock valued at $178,000 after buying an additional 5,900 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of IZEA Worldwide during the third quarter worth about $40,000. Hedge funds and other institutional investors own 15.56% of the company’s stock.

IZEA Worldwide Company Profile

IZEA Worldwide, Inc, together with its subsidiaries, offers software and professional services to connect brands and content creators in North America, the Asia Pacific, and internationally. The company offers IZEA Flex, its flagship platform for managing enterprise influencer marketing; and comprehensive expense management service to track and manage off-platform expenses related to influencer marketing campaigns.