IZEA Worldwide, Inc. (NASDAQ:IZEA) Major Shareholder Gp Investments, Ltd. Purchases 61,598 Shares

IZEA Worldwide, Inc. (NASDAQ:IZEA) major shareholder Gp Investments, Ltd. acquired 61,598 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The stock was acquired at an average price of $2.78 per share, for a total transaction of $171,242.44. Following the completion of the transaction, the insider now directly owns 1,828,239 shares in the company, valued at $5,082,504.42. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Gp Investments, Ltd. also recently made the following trade(s):

• On Wednesday, April 24th, Gp Investments, Ltd. acquired 28,258 shares of IZEA Worldwide stock. The stock was acquired at an average price of $2.48 per share, for a total transaction of $70,079.84.
• On Tuesday, April 16th, Gp Investments, Ltd. acquired 6,620 shares of IZEA Worldwide stock. The stock was acquired at an average price of $2.50 per share, for a total transaction of $16,550.00.

IZEA Worldwide Stock Up 11.1 %

Shares of IZEA Worldwide stock traded up $0.29 on Friday, hitting $2.90. The company’s stock had a trading volume of 121,567 shares, compared to its average volume of 52,350. IZEA Worldwide, Inc. has a 52-week low of $1.83 and a 52-week high of $3.28. The firm has a fifty day moving average price of $2.22 and a 200-day moving average price of $2.19. The company has a market capitalization of $44.81 million, a P/E ratio of -6.44 and a beta of 1.82.

IZEA Worldwide (NASDAQ:IZEA) last released its quarterly earnings results on Monday, April 1st. The company reported ($0.09) earnings per share (EPS) for the quarter. IZEA Worldwide had a negative return on equity of 11.14% and a negative net margin of 20.29%. The firm had revenue of $8.89 million for the quarter. As a group, analysts expect that IZEA Worldwide, Inc. will post 0.15 earnings per share for the current year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in IZEA Worldwide stock. Jacob Asset Management of New York LLC boosted its holdings in IZEA Worldwide, Inc. (NASDAQ:IZEA) by 9.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 114,650 shares of the company’s stock after buying an additional 10,000 shares during the period. Jacob Asset Management of New York LLC owned approximately 0.74% of IZEA Worldwide worth $248,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 15.56% of the company’s stock.

About IZEA Worldwide

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.