Shares of IZEA Inc. (NASDAQ:IZEA) were down NaN during mid-day trading on Thursday . The company traded as low as $3.40 and last traded at $0.00. Approximately 840,688 shares changed hands during mid-day trading, an increase of Infinity from the average daily volume of 0 shares.
A number of analysts have issued reports on IZEA shares. Craig Hallum downgraded IZEA from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. ValuEngine raised IZEA from a “strong sell” rating to a “sell” rating in a research note on Friday, September 22nd.
IZEA (NASDAQ:IZEA) last issued its quarterly earnings results on Thursday, August 10th. The company reported ($0.25) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.33) by $0.08. The company had revenue of $6.98 million for the quarter, compared to the consensus estimate of $7.00 million. IZEA had a negative net margin of 26.71% and a negative return on equity of 90.49%. equities research analysts anticipate that IZEA Inc. will post -0.93 EPS for the current fiscal year.
In other IZEA news, major shareholder Awm Investment Company, Inc. sold 450,000 shares of the company’s stock in a transaction dated Tuesday, September 26th. The shares were sold at an average price of $5.74, for a total transaction of $2,583,000.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 25.50% of the stock is owned by corporate insiders.
A hedge fund recently raised its stake in IZEA stock. Royce & Associates LP grew its stake in shares of IZEA Inc. (NASDAQ:IZEA) by 4.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 236,176 shares of the company’s stock after buying an additional 10,000 shares during the period. Royce & Associates LP’s holdings in IZEA were worth $451,000 at the end of the most recent reporting period. 31.74% of the stock is owned by institutional investors and hedge funds.
IZEA Company Profile
IZEA, Inc (IZEA) operates online marketplaces that facilitate transactions between brands and influential content creators. These creators produce and distribute text, videos and photos on behalf of brands through Websites, blogs and social media channels. Its technology enables transactions to be completed at scale through the management of content workflow, creator search and targeting, bidding, analytics and payment processing.
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