Izea Worldwide, Inc. (NASDAQ:IZEA) Sees Large Drop in Short Interest

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

Analyst Ratings Changes

Several equities research analysts have weighed in on IZEA shares. Wall Street Zen raised shares of Izea Worldwide from a “sell” rating to a “hold” rating in a research report on Tuesday, June 23rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Izea Worldwide in a research note on Monday, August 31st. Two investment analysts have rated the stock with a Sell rating. According to MarketBeat, the company currently has an average rating of “Sell”.

Institutional Investors Weigh In On Izea Worldwide

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

Izea Worldwide Price Performance

NASDAQ:IZEA traded down $0.03 during mid-day trading on Friday, hitting $2.28. 26,908 shares of the company’s stock were exchanged, compared to its average volume of 58,506. The business has a fifty day moving average price of $2.80 and a 200 day moving average price of $3.42. Izea Worldwide has a one year low of $2.13 and a one year high of $5.78. The company has a market cap of $39.71 million, a PE ratio of -16.28 and a beta of 1.17.

Izea Worldwide (NASDAQ:IZEA) last announced its quarterly earnings data on Wednesday, August 12th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $5.81 million for the quarter, compared to analysts’ expectations of $8.00 million.

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.