Zacks: IZEA Worldwide Inc (NASDAQ:IZEA) Given $3.25 Consensus Target Price by Brokerages

Shares of IZEA Worldwide Inc (NASDAQ:IZEA) have been given an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.

Brokers have set a 1 year consensus price objective of $3.25 for the company, according to Zacks. Zacks has also given IZEA Worldwide an industry rank of 60 out of 256 based on the ratings given to its competitors.

Several equities research analysts have recently weighed in on the stock. ValuEngine downgraded shares of Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Zacks Investment Research downgraded shares of EXACT Sciences from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd.

A hedge fund recently raised its stake in IZEA Worldwide stock. Perkins Capital Management Inc. lifted its holdings in shares of IZEA Worldwide Inc (NASDAQ:IZEA) by 77.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. 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 4.39% of IZEA Worldwide worth $649,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 3.02% of the company’s stock.

Shares of IZEA traded down $0.03 during midday trading on Monday, hitting $0.44. The company had a trading volume of 385,052 shares, compared to its average volume of 492,984. The firm has a 50 day moving average price of $0.53. IZEA Worldwide has a 52 week low of $0.41 and a 52 week high of $3.00.

IZEA Worldwide (NASDAQ:IZEA) last released its earnings results on Monday, May 13th. The company reported ($0.15) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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%. As a group, sell-side analysts expect that IZEA Worldwide will post -0.08 earnings per share for the current year.

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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