IZEA Inc. (IZEA) Sees Significant Decline in Short Interest
IZEA Inc. (NASDAQ:IZEA) was the target of a significant drop in short interest in the month of October. As of October 13th, there was short interest totalling 302,636 shares, a drop of 76.0% from the September 29th total of 1,261,674 shares. Based on an average trading volume of 1,177,226 shares, the short-interest ratio is currently 0.3 days. Approximately 6.6% of the shares of the company are sold short.
IZEA (NASDAQ:IZEA) last posted its earnings results on Thursday, August 10th. The company reported ($0.25) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.33) by $0.08. IZEA had a negative net margin of 26.71% and a negative return on equity of 90.49%. The firm had revenue of $6.98 million during the quarter, compared to analysts’ expectations of $7.00 million.
Several research analysts have weighed in on the stock. ValuEngine downgraded shares of IZEA from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 25th. Craig Hallum downgraded shares of IZEA from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd.
In other IZEA news, major shareholder Awm Investment Company, Inc. sold 450,000 shares of the stock in a transaction that occurred on Tuesday, September 26th. The shares were sold at an average price of $5.74, for a total value of $2,583,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 25.50% of the stock is currently owned by company insiders.
A hedge fund recently bought a new stake in IZEA stock. AWM Investment Company Inc. bought a new stake in IZEA Inc. (NASDAQ:IZEA) in the 2nd quarter, according to its most recent filing with the SEC. The fund bought 1,018,216 shares of the company’s stock, valued at approximately $1,945,000. Institutional investors own 31.74% of the company’s stock.
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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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