IZEA Worldwide (NASDAQ:IZEA) Sees Large Volume Increase

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Shares of IZEA Worldwide Inc (NASDAQ:IZEA) saw an uptick in trading volume on Friday . 5,085,800 shares traded hands during mid-day trading, an increase of 901% from the previous session’s volume of 507,823 shares.The stock last traded at $0.42 and had previously closed at $0.38.

A number of research firms have commented on IZEA. Zacks Investment Research raised shares of IZEA Worldwide from a “sell” rating to a “hold” rating in a research report on Tuesday, July 2nd. ValuEngine raised shares of IZEA Worldwide from a “hold” rating to a “buy” rating in a research report on Tuesday, July 2nd.

The business’s 50-day simple moving average is $0.48 and its 200 day simple moving average is $0.92.

IZEA Worldwide (NASDAQ:IZEA) last posted its earnings results on Tuesday, August 13th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). IZEA Worldwide had a negative return on equity of 65.68% and a negative net margin of 28.12%. The company had revenue of $3.92 million during the quarter. Equities analysts predict that IZEA Worldwide Inc will post -0.19 earnings per share for the current year.

A number of large investors have recently bought and sold shares of the business. Verition Fund Management LLC bought a new stake in shares of IZEA Worldwide during the 2nd quarter valued at $95,000. CVI Holdings LLC bought a new stake in shares of IZEA Worldwide during the 2nd quarter valued at $188,000. Worth Venture Partners LLC bought a new stake in shares of IZEA Worldwide during the 2nd quarter valued at $193,000. AWM Investment Company Inc. bought a new stake in shares of IZEA Worldwide during the 2nd quarter valued at $1,097,000. Finally, Perkins Capital Management Inc. grew its position in shares of IZEA Worldwide by 77.7% during the 1st quarter. Perkins Capital Management Inc. now owns 564,500 shares of the company’s stock valued at $649,000 after acquiring an additional 246,750 shares during the period. 3.04% of the stock is owned by institutional investors and hedge funds.

IZEA Worldwide Company Profile (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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