IZEA Worldwide Inc (IZEA) Given Consensus Recommendation of “Strong Buy” by Analysts
Shares of IZEA Worldwide Inc (NASDAQ:IZEA) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.
Brokers have set a 1-year consensus price objective of $7.50 for the company, according to Zacks. Zacks has also assigned IZEA Worldwide an industry rank of 83 out of 255 based on the ratings given to its competitors.
Separately, LADENBURG THALM/SH SH upped their price target on shares of IZEA Worldwide from $7.00 to $8.00 in a report on Wednesday, September 12th.
IZEA Worldwide (NASDAQ:IZEA) last released its earnings results on Tuesday, August 14th. The company reported ($0.28) earnings per share for the quarter, topping the consensus estimate of ($0.32) by $0.04. IZEA Worldwide had a negative return on equity of 117.05% and a negative net margin of 21.74%. The firm had revenue of $4.12 million during the quarter. equities research analysts expect that IZEA Worldwide will post -0.35 earnings per share for the current year.
In related news, insider Edward H. Murphy purchased 100,000 shares of the stock in a transaction dated Monday, July 2nd. The stock was bought at an average cost of $1.00 per share, for a total transaction of $100,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 25.50% of the stock is currently owned by corporate insiders.
A hedge fund recently raised its stake in IZEA Worldwide stock. Perkins Capital Management Inc. boosted its stake in IZEA Worldwide Inc (NASDAQ:IZEA) by 669.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 827,595 shares of the company’s stock after purchasing an additional 720,000 shares during the period. Perkins Capital Management Inc. owned about 14.15% of IZEA Worldwide worth $786,000 at the end of the most recent reporting period. 16.42% of the stock is owned by institutional investors and hedge funds.
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.
Recommended Story: Are Wall Street analysts’ stock ratings worth following?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for IZEA Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IZEA Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.