Zacks: IZEA Worldwide Inc (IZEA) Receives Average Rating of “Strong Buy” from Analysts

Shares of IZEA Worldwide Inc (NASDAQ:IZEA) have earned 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 equities research analyst has rated the stock with a strong buy recommendation.

Brokerages have set a 1-year consensus price target of $8.00 for the company, according to Zacks. Zacks has also given IZEA Worldwide an industry rank of 59 out of 257 based on the ratings given to related companies.

IZEA has been the topic of a number of recent analyst reports. LADENBURG THALM/SH SH raised their price target on shares of IZEA Worldwide from $7.00 to $8.00 in a report on Wednesday, September 12th. ValuEngine raised shares of IZEA Worldwide from a “hold” rating to a “buy” rating in a report on Thursday, November 1st.

Shares of NASDAQ:IZEA opened at $1.64 on Friday. The firm has a market capitalization of $20.89 million, a P/E ratio of -1.71 and a beta of 0.29. IZEA Worldwide has a 52 week low of $0.80 and a 52 week high of $7.60.

IZEA Worldwide (NASDAQ:IZEA) last announced its quarterly earnings results on Tuesday, August 14th. The company reported ($0.28) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.32) by $0.04. The business had revenue of $4.12 million for the quarter. IZEA Worldwide had a negative net margin of 21.74% and a negative return on equity of 117.05%. As a group, analysts forecast that IZEA Worldwide will post -0.35 earnings per share for the current year.

A hedge fund recently raised its stake in IZEA Worldwide stock. Perkins Capital Management Inc. boosted its position in IZEA Worldwide Inc (NASDAQ:IZEA) by 669.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 827,595 shares of the company’s stock after acquiring an additional 720,000 shares during the period. Perkins Capital Management Inc. owned 14.15% of IZEA Worldwide worth $786,000 at the end of the most recent reporting period. 13.74% of the stock is currently owned by hedge funds and other institutional investors.

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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