IZEA Worldwide, Inc. (NASDAQ:IZEA) Major Shareholder Gp Investments, Ltd. Acquires 61,598 Shares of Stock

IZEA Worldwide, Inc. (NASDAQ:IZEA) major shareholder Gp Investments, Ltd. purchased 61,598 shares of the stock in a transaction dated Friday, April 26th. The shares were acquired at an average cost of $2.78 per share, for a total transaction of $171,242.44. Following the completion of the acquisition, the insider now owns 1,828,239 shares of the company’s stock, valued at $5,082,504.42. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Wednesday, April 24th, Gp Investments, Ltd. purchased 28,258 shares of IZEA Worldwide stock. The shares were acquired at an average cost of $2.48 per share, for a total transaction of $70,079.84.
• On Tuesday, April 16th, Gp Investments, Ltd. purchased 6,620 shares of IZEA Worldwide stock. The shares were acquired at an average cost of $2.50 per share, for a total transaction of $16,550.00.

IZEA Worldwide Stock Up 11.1 %

Shares of NASDAQ:IZEA opened at $2.90 on Friday. IZEA Worldwide, Inc. has a 1 year low of $1.83 and a 1 year high of $3.28. The stock’s fifty day moving average price is $2.22 and its 200-day moving average price is $2.19.

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

Institutional Trading of IZEA Worldwide

A hedge fund recently raised its stake in IZEA Worldwide stock. Flower City Capital grew its stake in IZEA Worldwide, Inc. (NASDAQ:IZEA) by 163.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 231,392 shares of the company’s stock after buying an additional 143,464 shares during the quarter. IZEA Worldwide makes up 0.3% of Flower City Capital’s portfolio, making the stock its 17th biggest holding. Flower City Capital owned 1.50% of IZEA Worldwide worth $465,000 as of its most recent filing with the Securities & Exchange Commission. 15.56% of the stock is owned by hedge funds and other institutional investors.

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.