Insider Buying: IZEA Worldwide, Inc. (NASDAQ:IZEA) Major Shareholder Acquires 61,598 Shares of Stock

IZEA Worldwide, Inc. (NASDAQ:IZEA) major shareholder Gp Investments, Ltd. acquired 61,598 shares of IZEA Worldwide stock in a transaction that occurred on Friday, April 26th. The stock was purchased at an average price of $2.78 per share, with a total value of $171,242.44. Following the transaction, the insider now owns 1,828,239 shares of the company’s stock, valued at $5,082,504.42. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Major 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 purchased at an average price of $2.48 per share, with a total value of $70,079.84.
• On Tuesday, April 16th, Gp Investments, Ltd. acquired 6,620 shares of IZEA Worldwide stock. The stock was purchased at an average price of $2.50 per share, with a total value of $16,550.00.

IZEA Worldwide Trading Up 11.1 %

IZEA stock opened at $2.90 on Friday. The firm has a 50 day moving average of $2.22 and a 200-day moving average of $2.19. IZEA Worldwide, Inc. has a 12-month low of $1.83 and a 12-month high of $3.28.

IZEA Worldwide (NASDAQ:IZEA) last posted 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 net margin of 20.29% and a negative return on equity of 11.14%. The company had revenue of $8.89 million for the quarter. Sell-side analysts forecast that IZEA Worldwide, Inc. will post 0.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On IZEA Worldwide

A hedge fund recently raised its stake in IZEA Worldwide stock. Jacob Asset Management of New York LLC grew its stake in shares of IZEA Worldwide, Inc. (NASDAQ:IZEA) by 9.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 114,650 shares of the company’s stock after acquiring an additional 10,000 shares during the period. Jacob Asset Management of New York LLC owned about 0.74% of IZEA Worldwide worth $248,000 at the end of the most recent reporting period. 15.56% of the stock is currently owned by hedge funds and other institutional investors.

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.