Short Interest in Izea Worldwide, Inc. (NASDAQ:IZEA) Rises By 21.5%

Izea Worldwide, Inc. (NASDAQ:IZEA) was the recipient of a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 111,775 shares, a growth of 21.5% from the December 15th total of 91,988 shares. Currently, 0.7% of the company’s shares are short sold. Based on an average daily volume of 48,663 shares, the days-to-cover ratio is presently 2.3 days. Based on an average daily volume of 48,663 shares, the days-to-cover ratio is presently 2.3 days. Currently, 0.7% of the company’s shares are short sold.

Izea Worldwide Price Performance

Shares of Izea Worldwide stock traded down $0.15 during trading on Tuesday, hitting $4.04. 68,498 shares of the company were exchanged, compared to its average volume of 66,075. The firm has a market capitalization of $69.21 million, a P/E ratio of -20.20 and a beta of 0.88. The firm’s fifty day moving average price is $4.71 and its 200 day moving average price is $4.30. Izea Worldwide has a 1-year low of $1.68 and a 1-year high of $5.86.

Izea Worldwide (NASDAQ:IZEA) last announced its quarterly earnings results on Wednesday, November 12th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.09). The firm had revenue of $8.04 million during the quarter, compared to analyst estimates of $10.00 million. Izea Worldwide had a negative net margin of 9.43% and a negative return on equity of 2.06%. As a group, equities research analysts anticipate that Izea Worldwide will post -0.53 earnings per share for the current year.

Analysts Set New Price Targets

IZEA has been the subject of a number of recent research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Izea Worldwide in a research note on Wednesday, October 8th. Wall Street Zen lowered shares of Izea Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Institutional Investors Weigh In On Izea Worldwide

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cove Street Capital LLC increased its position in shares of Izea Worldwide by 2.7% in the third quarter. Cove Street Capital LLC now owns 181,860 shares of the company’s stock valued at $677,000 after acquiring an additional 4,776 shares during the last quarter. Ground Swell Capital LLC bought a new position in shares of Izea Worldwide during the third quarter worth approximately $43,000. Finally, Stonebridge Wealth Management LLC bought a new stake in Izea Worldwide in the 3rd quarter valued at $52,000. 15.56% of the stock is currently owned by institutional investors and hedge funds.

About Izea Worldwide

IZEA Worldwide, Inc is a technology-driven marketing services company that operates a global digital marketplace connecting brands, agencies and media companies with content creators and influencers. The company’s platform enables clients to plan, execute and measure content marketing and social media campaigns across blogs, social networks, video channels and other digital outlets. Through both self-service tools and managed service engagements, IZEA provides end-to-end solutions for influencer marketing, sponsored content creation and content distribution.

Key offerings include campaign management software, content licensing and rights management, influencer discovery and analytics, and performance reporting.