Shares of IZEA Worldwide Inc (NASDAQ:IZEA) dropped 1.2% during mid-day trading on Monday . The company traded as low as $1.60 and last traded at $1.67. Approximately 2,250 shares were traded during trading, a decline of 100% from the average daily volume of 915,977 shares. The stock had previously closed at $1.65.
Separately, LADENBURG THALM/SH SH lifted their price target on IZEA Worldwide from $7.00 to $8.00 in a research report on Wednesday, September 12th.
The stock has a market cap of $19.20 million, a PE ratio of -1.75 and a beta of 0.27.
IZEA Worldwide (NASDAQ:IZEA) last issued its quarterly earnings results on Tuesday, August 14th. The company reported ($0.28) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.32) by $0.04. The firm had revenue of $4.12 million during the quarter. IZEA Worldwide had a negative return on equity of 117.05% and a negative net margin of 21.74%. Research analysts predict that IZEA Worldwide Inc will post -0.35 earnings per share for the current year.
A hedge fund recently raised its stake in IZEA Worldwide stock. Perkins Capital Management Inc. lifted its position in shares of IZEA Worldwide Inc (NASDAQ:IZEA) by 669.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 827,595 shares of the company’s stock after buying an additional 720,000 shares during the period. Perkins Capital Management Inc. owned about 14.15% of IZEA Worldwide worth $786,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 14.50% of the company’s stock.
About IZEA Worldwide (NASDAQ:IZEA)
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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