IZEA (IZEA) Trading Up 15.3%

Shares of IZEA Inc. (NASDAQ:IZEA) were up 15.3% during mid-day trading on Wednesday . The stock traded as high as $4.83 and last traded at $4.30. Approximately 1,122,700 shares were traded during trading, an increase of 172% from the average daily volume of 412,591 shares. The stock had previously closed at $3.73.

A number of research firms have recently weighed in on IZEA. ValuEngine raised shares of IZEA from a “strong sell” rating to a “sell” rating in a research note on Friday, September 22nd. Craig Hallum downgraded shares of IZEA from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd.

The stock has a market capitalization of $24.62, a P/E ratio of -3.83 and a beta of 0.20.

An institutional investor recently raised its position in IZEA stock. Royce & Associates LP increased its holdings in IZEA Inc. (NASDAQ:IZEA) by 4.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 236,176 shares of the company’s stock after purchasing 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. Hedge funds and other institutional investors own 19.42% of the company’s stock.

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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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