IZEA Worldwide Inc. (NASDAQ: IZEA) Seen Running Too Hot, Let’s Look At This More Closely


    New Frontier Capital LP recently announced the acquisition of new stake in IZEA Worldwide Inc. (NASDAQ:IZEA). The institutional investor has increased its shareholding in the Communication Services company by 26.15% to 1.26 million shares with purchase of 0.26 million shares. This fresh investment now brings its stake to 3.40% valued currently at $1.8 million. In addition, Renaissance Technologies LLC raised its holdings by 0.47 million to 0.47 million shares. And The Vanguard Group, Inc. has lifted its position by 85.95% or 79700.0 shares – to 0.17 million shares.

    With over 9.0 million IZEA Worldwide Inc. (IZEA) shares trading Friday and a closing price of $1.15 on the day, the dollar volume was approximately $10.35 million. The shares have shown a negative weekly performance of -0.86% and its price on 08/28/20 lost nearly -8.73%. Currently, there are 36.11M common shares owned by the public and among those 31.96M shares have been available to trade.

    An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for IZEA have a consensus price objective of $1.80. The analysts have set the share’s price value over the next 12 months at a high of $1.80 and a low of $1.80 should the stock experience a downside. Incidentally, analysts’ outlook for the IZEA Worldwide Inc. stock is 2.00 for the next 12 months. The average price target is 19.58% above its last price level and an upside to the estimated low will see the stock gain 36.11% over that period. But an upside of 36.11% will see the stock hit the forecast high price target while mean target price for the stock is $1.80.

    Insiders at the company have transacted a total of 63 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 63 of these insider trades were purchases, accounting for 613,669 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.

    The top 3 mutual fund holders in IZEA Worldwide Inc. are Vanguard Extended Market Index Fu, Jacob Micro Cap Growth Fund, and Fidelity Extended Market Index Fu. Vanguard Extended Market Index Fu owns 0.22 million shares of the company’s stock, all valued at over $0.31 million. The company bought an additional 45621.0 shares recently to bring their total holdings to about 0.59% of the shares outstanding. Jacob Micro Cap Growth Fund sold -0.14 million shares to see its total holdings shrink to 0.16 million shares valued at over $0.22 million and representing 0.43% of the shares outstanding. Fidelity Extended Market Index Fu sold 61162.0 shares to bring its total holdings to over 0.11 million shares at a value of $0.16 million. Fidelity Extended Market Index Fu now owns shares totaling to 0.30% of the shares outstanding.

    Shares of IZEA Worldwide Inc. (NASDAQ: IZEA) opened at $1.24, down -$0.02 from a prior closing price of $1.26. However, the script later closed the day at $1.15, down -8.73%. The company’s stock has a 5-day price change of -0.86% and 89.02% over the past three months. IZEA shares are trading 386.05% year to date (YTD), with the 12-month market performance up to 258.81% higher. It has a 12-month low price of $0.07 and touched a high of $3.13 over the same period. Currently, 9.0 million shares have been traded, compared to an average intraday trading volume of 13.42 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -17.90%, -7.30%, and 92.62% respectively.

    Institutional ownership of IZEA Worldwide Inc. (NASDAQ: IZEA) shares accounts for 4.70% of the company’s 36.11M shares outstanding. Mutual fund holders own 7.09%, while other institutional holders and individual stakeholders account for 7.83% and 1.33% respectively.

    It has a market capitalization of $61.00M and a beta (3y monthly) value of 2.56. The earnings-per-share (ttm) stands at -$0.33. Price movements for the stock have been influenced by the stock’s volatility, which stands at 16.07% over the week and 15.27% over the month.

    Analysts forecast that IZEA Worldwide Inc. (IZEA) will achieve an EPS of -$0.03 for the current quarter, -$0.02 for the next quarter and -$0.03 for 2021. The lowest estimate earnings-per-share for the quarter is -$0.03 while analysts give the company a high EPS estimate of -$0.03. Comparatively, EPS for the current quarter was -$0.04 a year ago. Earnings per share for the fiscal year are expected to increase by 57.30%, and 76.70% over the next financial year. EPS should grow at an annualized rate of 10.00% over the next five years, compared to -18.00% over the past 5-year period.

    If you are looking to buy this stock, then you may note that the average analyst recommendation by 1 brokerage firm advisors rate IZEA Worldwide Inc. (IZEA) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 0 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”

    Looking at the support for the IZEA, a number of firms have released research notes about the stock. Ladenburg Thalmann stated their Buy rating for the stock in a research note on June 26, 2020, with the firm’s price target at. Craig Hallum coverage for the IZEA Worldwide Inc. (IZEA) stock in a research note released on May 15, 2020 offered a Hold rating with a price target of.


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