IZEA Worldwide (NASDAQ:IZEA) Shares Pass Above Fifty Day Moving Average – Time to Sell?

IZEA Worldwide, Inc. (NASDAQ:IZEA) shares passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $2.71 and traded as high as $2.77. IZEA Worldwide shares last traded at $2.75, with a volume of 45,591 shares trading hands.

IZEA Worldwide Trading Up 0.4 %

The stock’s 50 day simple moving average is $2.71 and its 200 day simple moving average is $2.48. The stock has a market capitalization of $46.66 million, a P/E ratio of -2.93 and a beta of 1.57.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of IZEA. Y Intercept Hong Kong Ltd acquired a new position in IZEA Worldwide in the third quarter worth $40,000. Renaissance Technologies LLC boosted its holdings in shares of IZEA Worldwide by 8.5% in the 2nd quarter. Renaissance Technologies LLC now owns 75,603 shares of the company’s stock valued at $178,000 after buying an additional 5,900 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of IZEA Worldwide by 48.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 15,741 shares of the company’s stock valued at $37,000 after buying an additional 5,140 shares during the period. Institutional investors own 15.56% of the company’s stock.

IZEA Worldwide Company Profile

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.