Izea Worldwide (NASDAQ:IZEA) Issues Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Izea Worldwide (NASDAQ:IZEA) issued its quarterly earnings data on Wednesday. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02), FiscalAI reports. Izea Worldwide had a negative net margin of 9.36% and a negative return on equity of 5.05%. The firm had revenue of $5.81 million during the quarter, compared to analyst estimates of $8.00 million.

Izea Worldwide Stock Performance

IZEA stock remained flat at $3.07 during midday trading on Friday. 2,878 shares of the company’s stock were exchanged, compared to its average volume of 60,849. The firm has a market capitalization of $53.76 million, a P/E ratio of -21.93 and a beta of 1.25. Izea Worldwide has a fifty-two week low of $3.00 and a fifty-two week high of $5.86. The firm has a 50 day simple moving average of $3.52 and a two-hundred day simple moving average of $3.69.

Institutional Trading of Izea Worldwide

A number of institutional investors and hedge funds have recently modified their holdings of the business. Geode Capital Management LLC increased its stake in shares of Izea Worldwide by 10.5% during the 4th quarter. Geode Capital Management LLC now owns 139,410 shares of the company’s stock worth $611,000 after purchasing an additional 13,281 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Izea Worldwide by 17.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 62,312 shares of the company’s stock valued at $273,000 after purchasing an additional 9,380 shares in the last quarter. State Street Corp raised its holdings in shares of Izea Worldwide by 10.4% in the 4th quarter. State Street Corp now owns 56,862 shares of the company’s stock valued at $249,000 after acquiring an additional 5,350 shares in the last quarter. Royal Bank of Canada increased its stake in Izea Worldwide by 2,106.2% in the fourth quarter. Royal Bank of Canada now owns 21,246 shares of the company’s stock valued at $93,000 after acquiring an additional 20,283 shares during the last quarter. Finally, XTX Topco Ltd purchased a new position in shares of Izea Worldwide in the 4th quarter worth about $56,000. 15.56% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on IZEA. Wall Street Zen upgraded shares of Izea Worldwide from a “sell” rating to a “hold” rating in a research report on Tuesday, June 23rd. Weiss Ratings downgraded Izea Worldwide from a “sell (d)” rating to a “sell (d-)” rating in a research note on Wednesday, June 3rd. Two research analysts have rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

Izea Worldwide Company Profile

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.