Izea Worldwide, Inc. (NASDAQ:IZEA) Stock Short Interest Falls 39.0%

Izea Worldwide, Inc. (NASDAQ:IZEA) was the target of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 60,879 shares, a drop of 39.0% from the September 15th total of 99,809 shares. Based on an average daily volume of 51,342 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.4% of the shares of the company are sold short.

Institutional Investors Weigh In On Izea Worldwide

A number of institutional investors and hedge funds have recently modified their holdings of IZEA. Renaissance Technologies LLC boosted its stake in Izea Worldwide by 59.8% during the first quarter. Renaissance Technologies LLC now owns 147,740 shares of the company’s stock valued at $519,000 after buying an additional 55,300 shares during the period. NewEdge Advisors LLC increased its holdings in shares of Izea Worldwide by 733.2% in the 2nd quarter. NewEdge Advisors LLC now owns 37,051 shares of the company’s stock worth $137,000 after buying an additional 32,604 shares during the last quarter. Diversify Wealth Management LLC bought a new stake in shares of Izea Worldwide during the 1st quarter worth $97,000. Finally, ARS Investment Partners LLC grew its position in Izea Worldwide by 9.6% in the first quarter. ARS Investment Partners LLC now owns 117,129 shares of the company’s stock worth $411,000 after acquiring an additional 10,288 shares in the last quarter. 15.56% of the stock is owned by hedge funds and other institutional investors.

Izea Worldwide Price Performance

Shares of Izea Worldwide stock traded down $0.03 during trading hours on Friday, hitting $2.28. 26,908 shares of the company’s stock traded hands, compared to its average volume of 58,506. The stock has a market capitalization of $39.71 million, a price-to-earnings ratio of -16.28 and a beta of 1.17. Izea Worldwide has a 12-month low of $2.13 and a 12-month high of $5.78. The company has a fifty day simple moving average of $2.80 and a 200-day simple moving average of $3.42.

Izea Worldwide (NASDAQ:IZEA) last announced its quarterly earnings data on Wednesday, August 12th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.02). Izea Worldwide had a negative net margin of 9.36% and a negative return on equity of 5.10%. The firm had revenue of $5.81 million for the quarter, compared to the consensus estimate of $8.00 million.

Analyst Ratings Changes

IZEA has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Izea Worldwide in a research report on Monday, August 31st. Wall Street Zen raised shares of Izea Worldwide from a “sell” rating to a “hold” rating in a report on Tuesday, June 23rd. Two research analysts have rated the stock with a Sell rating. Based on data from MarketBeat, Izea Worldwide has a consensus rating of “Sell”.

Izea Worldwide Company Profile

IZEA Worldwide, Inc is a creator economy company that provides technology, data and managed services for influencer marketing and other forms of social media content. The company helps brands and agencies identify creators, develop campaigns, manage collaborations and measure results across digital platforms.

IZEA’s services include creator discovery and campaign management, sponsored content programs, social media strategy, content production and analytics. Its technology offerings are designed to support the workflow between marketers and creators, from sourcing and contracting through content delivery and performance reporting.

The company was founded in 2006 by Ted Murphy and is headquartered in Orlando, Florida.