IZEA Inc. (NASDAQ:IZEA) issued its quarterly earnings data on Thursday. The company reported ($0.25) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.33) by $0.08, Morningstar.com reports. The firm had revenue of $6.98 million for the quarter, compared to analyst estimates of $7 million. IZEA had a negative net margin of 26.71% and a negative return on equity of 83.39%.
Shares of IZEA (IZEA) opened at 1.79 on Friday. IZEA has a one year low of $1.37 and a one year high of $7.27. The company has a 50-day moving average of $1.85 and a 200 day moving average of $3.16.
An institutional investor recently raised its position in IZEA stock. Royce & Associates LP raised its position in IZEA Inc. (NASDAQ:IZEA) by 4.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 quarter. 51.76% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts recently issued reports on IZEA shares. Craig Hallum restated a “buy” rating on shares of IZEA in a report on Thursday, May 11th. ValuEngine lowered shares of IZEA from a “sell” rating to a “strong sell” rating in a report on Friday, June 2nd.
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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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