Brokerages Set $8.00 Target Price for IZEA Worldwide Inc (IZEA)

Shares of IZEA Worldwide Inc (NASDAQ:IZEA) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.

Brokerages have set a twelve-month consensus price objective of $8.00 for the company, according to Zacks. Zacks has also assigned IZEA Worldwide an industry rank of 48 out of 256 based on the ratings given to related companies.

IZEA has been the subject of a number of recent analyst reports. LADENBURG THALM/SH SH boosted their price target on shares of IZEA Worldwide from $7.00 to $8.00 in a research report on Wednesday, September 12th. ValuEngine upgraded shares of IZEA Worldwide from a “hold” rating to a “buy” rating in a research report on Wednesday, January 2nd.

Shares of IZEA traded up $0.11 during mid-day trading on Tuesday, reaching $1.48. 1,529,764 shares of the stock traded hands, compared to its average volume of 1,178,815. The firm has a market capitalization of $15.57 million, a P/E ratio of -1.54 and a beta of 0.68. IZEA Worldwide has a 1 year low of $0.80 and a 1 year high of $7.60.

IZEA Worldwide (NASDAQ:IZEA) last released its quarterly earnings results on Wednesday, November 14th. The company reported ($0.13) EPS for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.16. The firm had revenue of $5.78 million during the quarter. IZEA Worldwide had a negative net margin of 28.01% and a negative return on equity of 120.82%. Research analysts forecast that IZEA Worldwide will post -0.35 earnings per share for the current year.

About IZEA Worldwide

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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