In the last trading session, 2,442,651 shares of the IZEA Worldwide, Inc.(NASDAQ:IZEA) were traded, and its beta was 2.61. Most recently the company’s share price was $4.32, and it changed around -$0.02 or 0% from the last close, which brings the market valuation of the company to $235.5 Million. IZEA currently trades at a discount to its 52-week high of $7.45, offering almost -72.45% off that amount. The share price’s 52-week low was $0.07, which indicates that the current value has risen by an impressive 98.38% since then. We note from IZEA Worldwide, Inc.’s average daily trading volume that its 10-day average is 4.46 Million shares, with the 3-month average coming to 7.36 Million.
IZEA Worldwide, Inc. stock received a consensus recommendation rating of Sell, based on a mean score of 5. If we narrow it down even further, the data shows that 1 out of 1 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, no body recommended IZEA as a Hold, whereas none deemed it a Buy, and no one rated it as Underweight. IZEA Worldwide, Inc. is expected to report earnings per share of $0 for the current quarter.
IZEA Worldwide, Inc. (NASDAQ:IZEA): Trading Information
Although IZEA has showed a red trend with a performance of -0.46% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of $5.40- on Tuesday, Feb 16 increased the stock’s daily price by 20%. The company’s shares are currently up 1.37% year-to-date, but still down -0.0962 over the last five days. On the other hand, IZEA Worldwide, Inc. (NASDAQ:IZEA) is -0.08% down in the 30-day period. We can see from the shorts that 1.34 Million shares have been sold at a short interest cover period of 0.18 day(s).
The consensus price target as assigned by Wall Street analysts is $3, which translates to bears needing to reduce their stock price by -30.56% from its current value. Analyst projections state that IZEA is forecast to be at a low of $3 and a high of $3. In order for the stock price to hit the forecast high, the stock would need to surge -30.56% from its current level, while the stock would need to crash -30.56% from its current level to reach the projected low.
IZEA Worldwide, Inc. (IZEA) projections and forecasts
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of $5Million in revenue for the current quarter. 1 analysts expect IZEA Worldwide, Inc. to make $5.5 Million in revenue for the quarter ending March 01, 2021. The company’s sales for the same quarters a year ago were $5.83 Million and $4.76 Million respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -14.2%. Forecasts for the next quarter put sales growth at 15.4%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -18%. IZEA Worldwide, Inc. earnings are expected to increase by 57.3% in 2021, but the outlook is positive 10% per year for the next five years.
IZEA Worldwide, Inc. (NASDAQ:IZEA)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 9.27% of IZEA Worldwide, Inc. shares, and 1.87% of them are in the hands of institutional investors. The stock currently has a share float of 2.06%. IZEA Worldwide, Inc. stock is held by 11 institutions, with Vanguard Group, Inc. (The) being the largest institutional investor. By Sep 29, 2020, it held 0.47% of the shares, which is about 257.71 Thousand shares worth $256.53 Thousand.
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Geode Capital Management, LLC, with 0.35% or 190.78 Thousand shares worth $189.9 Thousand as of Sep 29, 2020, holds the second largest percentage of outstanding shares.