IZEA Worldwide (NASDAQ:IZEA) Stock Passes Below Two Hundred Day Moving Average – Should You Sell?

IZEA Worldwide, Inc. (NASDAQ:IZEA) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $2.51 and traded as low as $2.33. IZEA Worldwide shares last traded at $2.40, with a volume of 24,345 shares changing hands.

IZEA Worldwide Stock Up 2.9 %

The company has a market cap of $41.58 million, a P/E ratio of -2.61 and a beta of 1.60. The firm’s 50-day moving average price is $2.60 and its 200-day moving average price is $2.51.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its position in IZEA Worldwide by 48.5% in the second quarter. Dimensional Fund Advisors LP now owns 15,741 shares of the company’s stock valued at $37,000 after purchasing an additional 5,140 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in IZEA Worldwide during the third quarter worth about $40,000. Finally, Renaissance Technologies LLC grew its stake 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 worth $178,000 after buying an additional 5,900 shares during the last quarter. Hedge funds and other 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.