IZEA Worldwide (NASDAQ:IZEA) Shares Gap Up to $0.46

IZEA Worldwide Inc (NASDAQ:IZEA) gapped up before the market opened on Friday . The stock had previously closed at $0.41, but opened at $0.46. IZEA Worldwide shares last traded at $0.48, with a volume of 91,436 shares trading hands.

A number of brokerages recently issued reports 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 stock’s 50-day moving average price is $0.49.

IZEA Worldwide (NASDAQ:IZEA) last issued its quarterly earnings results on Monday, May 13th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.04. The company had revenue of $4.79 million during the quarter. IZEA Worldwide had a negative net margin of 26.22% and a negative return on equity of 91.94%. Equities analysts anticipate that IZEA Worldwide Inc will post -0.08 EPS for the current fiscal year.

An institutional investor recently raised its position in IZEA Worldwide stock. Perkins Capital Management Inc. grew its position in IZEA Worldwide Inc (NASDAQ:IZEA) by 77.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 564,500 shares of the company’s stock after buying an additional 246,750 shares during the period. Perkins Capital Management Inc. owned approximately 4.39% of IZEA Worldwide worth $649,000 as of its most recent SEC filing. 3.04% of the stock is currently owned by institutional investors.

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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