Gp Investments, Ltd. Purchases 28,258 Shares of IZEA Worldwide, Inc. (NASDAQ:IZEA) Stock

IZEA Worldwide, Inc. (NASDAQ:IZEA) major shareholder Gp Investments, Ltd. bought 28,258 shares of the business’s stock in a transaction on Wednesday, April 24th. The shares were acquired at an average cost of $2.48 per share, for a total transaction of $70,079.84. Following the purchase, the insider now directly owns 1,755,160 shares in the company, valued at $4,352,796.80. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Gp Investments, Ltd. also recently made the following trade(s):

• On Friday, April 26th, Gp Investments, Ltd. purchased 61,598 shares of IZEA Worldwide stock. The shares were purchased at an average price of $2.78 per share, for a total transaction of $171,242.44.
• On Tuesday, April 16th, Gp Investments, Ltd. purchased 6,620 shares of IZEA Worldwide stock. The shares were purchased at an average price of $2.50 per share, for a total transaction of $16,550.00.

IZEA Worldwide Stock Performance

Shares of IZEA stock traded up $0.29 during mid-day trading on Friday, hitting $2.90. 121,567 shares of the stock traded hands, compared to its average volume of 52,350. IZEA Worldwide, Inc. has a twelve month low of $1.83 and a twelve month high of $3.28. The firm has a market cap of $44.81 million, a price-to-earnings ratio of -6.44 and a beta of 1.82. The company’s 50-day simple moving average is $2.22 and its 200-day simple moving average is $2.19.

IZEA Worldwide (NASDAQ:IZEA) last issued its quarterly earnings results on Monday, April 1st. The company reported ($0.09) earnings per share (EPS) for the quarter. IZEA Worldwide had a negative net margin of 20.29% and a negative return on equity of 11.14%. The firm had revenue of $8.89 million for the quarter. Analysts forecast that IZEA Worldwide, Inc. will post 0.15 earnings per share for the current year.

Hedge Funds Weigh In On IZEA Worldwide

A hedge fund recently raised its stake in IZEA Worldwide stock. Jacob Asset Management of New York LLC increased its stake in IZEA Worldwide, Inc. (NASDAQ:IZEA) by 9.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 114,650 shares of the company’s stock after acquiring an additional 10,000 shares during the quarter. Jacob Asset Management of New York LLC owned approximately 0.74% of IZEA Worldwide worth $248,000 at the end of the most recent quarter. 15.56% of the stock is currently owned by institutional investors and hedge funds.

About IZEA Worldwide

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.