IZEA Worldwide (NASDAQ:IZEA) announced its quarterly earnings data on Wednesday. The company reported ($0.13) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.29) by $0.16, Fidelity Earnings reports. IZEA Worldwide had a negative return on equity of 117.05% and a negative net margin of 21.74%. The business had revenue of $5.78 million during the quarter.
IZEA stock traded down $0.31 during trading on Thursday, hitting $1.52. 737,640 shares of the company’s stock were exchanged, compared to its average volume of 835,851. The stock has a market cap of $19.56 million, a price-to-earnings ratio of -1.58 and a beta of 0.29. IZEA Worldwide has a 52-week low of $0.80 and a 52-week high of $7.60.
A number of brokerages have recently commented on IZEA. ValuEngine raised IZEA Worldwide from a “hold” rating to a “buy” rating in a research report on Thursday, November 1st. LADENBURG THALM/SH SH boosted their price objective on IZEA Worldwide from $7.00 to $8.00 in a research report on Wednesday, September 12th.
An institutional investor recently raised its position in IZEA Worldwide stock. Perkins Capital Management Inc. increased its holdings in shares of IZEA Worldwide Inc (NASDAQ:IZEA) by 669.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 827,595 shares of the company’s stock after purchasing an additional 720,000 shares during the quarter. Perkins Capital Management Inc. owned approximately 14.15% of IZEA Worldwide worth $786,000 at the end of the most recent quarter. 14.05% of the stock is owned by institutional investors.
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IZEA Worldwide Company Profile
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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