IZEA Worldwide Inc (IZEA) Given Consensus Recommendation of “Strong Buy” by Analysts

Shares of IZEA Worldwide Inc (NASDAQ:IZEA) have earned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.

Brokerages have set a twelve-month consensus price objective of $7.50 for the company, according to Zacks. Zacks has also assigned IZEA Worldwide an industry rank of 50 out of 255 based on the ratings given to its competitors.

A number of research analysts recently weighed in on IZEA shares. ValuEngine raised IZEA Worldwide from a “hold” rating to a “buy” rating in a research report on Thursday. LADENBURG THALM/SH SH raised their price objective on IZEA Worldwide from $7.00 to $8.00 in a research report on Wednesday, September 12th.

Shares of IZEA traded up $0.04 on Friday, reaching $1.73. The stock had a trading volume of 232,853 shares, compared to its average volume of 372,869. IZEA Worldwide has a 12-month low of $0.80 and a 12-month high of $7.60. The stock has a market cap of $20.89 million, a PE ratio of -1.80 and a beta of 0.29.

IZEA Worldwide (NASDAQ:IZEA) last posted its quarterly earnings data on Tuesday, August 14th. The company reported ($0.28) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.32) by $0.04. IZEA Worldwide had a negative return on equity of 117.05% and a negative net margin of 21.74%. The company had revenue of $4.12 million during the quarter. Sell-side analysts predict that IZEA Worldwide will post -0.35 EPS for the current fiscal year.

A hedge fund recently raised its stake in IZEA Worldwide stock. Perkins Capital Management Inc. grew its holdings in IZEA Worldwide Inc (NASDAQ:IZEA) by 669.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 827,595 shares of the company’s stock after purchasing an additional 720,000 shares during the period. Perkins Capital Management Inc. owned about 14.15% of IZEA Worldwide worth $786,000 as of its most recent SEC filing. Institutional investors own 13.74% of the company’s stock.

About IZEA Worldwide

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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