IZEA Worldwide (NASDAQ:IZEA) Stock Price Crosses Above 50-Day Moving Average – What’s Next?

IZEA Worldwide, Inc. (NASDAQ:IZEA) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $2.71 and traded as high as $2.77. IZEA Worldwide shares last traded at $2.75, with a volume of 45,591 shares trading hands.

IZEA Worldwide Trading Down 5.1 %

The firm has a market capitalization of $44.28 million, a PE ratio of -2.78 and a beta of 1.57. The firm’s fifty day moving average price is $2.71 and its 200 day moving average price is $2.48.

Institutional Trading of IZEA Worldwide

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its holdings in IZEA Worldwide by 48.5% in the second quarter. Dimensional Fund Advisors LP now owns 15,741 shares of the company’s stock valued at $37,000 after buying an additional 5,140 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of IZEA Worldwide during the 3rd quarter valued at about $40,000. Finally, Renaissance Technologies LLC grew its holdings in IZEA Worldwide by 8.5% in the second quarter. Renaissance Technologies LLC now owns 75,603 shares of the company’s stock valued at $178,000 after purchasing an additional 5,900 shares during the period. 15.56% of the stock is owned by institutional investors and hedge funds.

IZEA Worldwide Company Profile

IZEA Worldwide, Inc, together with its subsidiaries, offers software and professional services to connect brands and content creators in North America, the Asia Pacific, and internationally. The company offers IZEA Flex, its flagship platform for managing enterprise influencer marketing; and comprehensive expense management service to track and manage off-platform expenses related to influencer marketing campaigns.