IZEA Worldwide (NASDAQ:IZEA) Stock Passes Above 50-Day Moving Average – Here’s What Happened

IZEA Worldwide, Inc. (NASDAQ:IZEA) shares passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $2.55 and traded as high as $2.62. IZEA Worldwide shares last traded at $2.62, with a volume of 28,894 shares trading hands.

IZEA Worldwide Stock Performance

The company has a fifty day simple moving average of $2.55 and a two-hundred day simple moving average of $2.56. The company has a market capitalization of $44.45 million, a price-to-earnings ratio of -2.79 and a beta of 1.61.

Institutional Trading of IZEA Worldwide

A hedge fund recently raised its stake in IZEA Worldwide stock. Dimensional Fund Advisors LP grew its stake in shares of IZEA Worldwide, Inc. (NASDAQ:IZEA) by 24.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 44,111 shares of the company’s stock after buying an additional 8,547 shares during the period. Dimensional Fund Advisors LP owned 0.26% of IZEA Worldwide worth $121,000 as of its most recent SEC filing. Institutional investors own 15.56% of the company’s stock.

About IZEA Worldwide

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.