IZEA Worldwide (NASDAQ: IZEA) rating downgraded and retained at Zacks Investment Research

IZEA around the world (NASDAQ: IZEA) was downgraded by Zacks Investment Research from a “buy” rating to a “keep” rating in a report released Wednesday, Zacks.com reports.

According to Zacks, “IZEA Worldwide Inc. develops software that connects creators with brands that pay them to produce and distribute content. IZEA Worldwide Inc., formerly known as IZEA Inc., is headquartered in Winter Park, Florida.

The NASDAQ IZEA opened at $ 1.28 on Wednesday. The company’s fifty-day average moving price is $ 1.64, and its two hundred-day moving average price is $ 1.99. IZEA Worldwide has a one-year minimum of $ 1.13 and a one-year maximum of $ 7.45. The company has a market cap of $ 79.36 million, a P / E ratio of -16.00 and a beta of 2.66.

IZEA Worldwide (NASDAQ: IZEA) last released its quarterly earnings data on Wednesday, November 10. The company reported ($ 0.02) earnings per share for the quarter, exceeding Thomson Reuters consensus estimate of ($ 0.04) by $ 0.02. The company reported revenue of $ 7.61 million for the quarter. IZEA Worldwide had a negative net margin of 17.85% and a negative return on equity of 7.57%. During the same period of the previous year, the company achieved earnings per share ($ 0.03). As a group, sell-side analysts expect IZEA Worldwide to post an EPS of -0.04 for the current year.

A number of large investors have recently increased or reduced their stakes in the stock. Two Sigma Securities LLC purchased a new position in IZEA Worldwide during the third quarter valued at approximately $ 33,000. Certified Advisory Corp purchased a new position in IZEA Worldwide during the third quarter valued at approximately $ 128,000. Jacob Asset Management of New York LLC increased its stake in IZEA Worldwide by 15.2% during the third quarter. Jacob Asset Management of New York LLC now owns 265,000 shares of the company valued at $ 509,000 after purchasing an additional 35,000 shares in the last quarter. Geode Capital Management LLC increased its stake in IZEA Worldwide by 3.7% during the third quarter. Geode Capital Management LLC now owns 488,808 shares of the company valued at $ 938,000 after purchasing an additional 17,297 shares in the last quarter. Finally, Barclays PLC increased its stake in IZEA Worldwide by 249.0% during the third quarter. Barclays PLC now owns 13,578 shares of the company valued at $ 26,000 after purchasing an additional 9,687 shares in the last quarter. 14.79% of the shares are currently held by institutional investors and hedge funds.

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About IZEA in the world

IZEA Worldwide, Inc is committed to creating and operating online marketplaces that connect merchants with content creators under the IZEAx platform. It automates influencer marketing and personalized content development, allowing brands and agencies to tailor their marketing programs. The company was founded by Edward Hans Murphy in February 2006 and is headquartered in Orlando, Florida.

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