IZEA Worldwide (NASDAQ:IZEA) Stock Crosses Above 50 Day Moving Average – Time to Sell?

IZEA Worldwide, Inc. (NASDAQ:IZEA)’s stock price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $2.57 and traded as high as $2.71. IZEA Worldwide shares last traded at $2.69, with a volume of 24,480 shares trading hands.

IZEA Worldwide Price Performance

The firm’s 50 day moving average price is $2.57 and its two-hundred day moving average price is $2.52. The firm has a market cap of $45.64 million, a price-to-earnings ratio of -2.86 and a beta of 1.60.

Institutional Trading of IZEA Worldwide

Hedge funds have recently added to or reduced their stakes in the stock. Y Intercept Hong Kong Ltd acquired a new position in shares of IZEA Worldwide in the third quarter valued at approximately $40,000. Renaissance Technologies LLC increased its stake in IZEA Worldwide by 8.5% in the 2nd 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 period. Finally, Dimensional Fund Advisors LP raised its position in IZEA Worldwide by 48.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 15,741 shares of the company’s stock worth $37,000 after buying an additional 5,140 shares during the last quarter. 15.56% of the stock is owned by institutional investors and hedge funds.

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.