IZEA Worldwide, Inc. (NASDAQ:IZEA) Stock Position Lowered by Geode Capital Management LLC

Geode Capital Management LLC lowered its position in shares of IZEA Worldwide, Inc. (NASDAQ:IZEA) by 14.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 129,562 shares of the company’s stock after selling 22,239 shares during the quarter. Geode Capital Management LLC owned 0.79% of IZEA Worldwide worth $356,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of IZEA. Y Intercept Hong Kong Ltd bought a new position in shares of IZEA Worldwide during the 3rd quarter valued at about $40,000. Renaissance Technologies LLC raised 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 worth $178,000 after purchasing an additional 5,900 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in IZEA Worldwide by 48.5% during 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. 15.56% of the stock is owned by institutional investors and hedge funds.

IZEA Worldwide Stock Performance

Shares of NASDAQ:IZEA opened at $2.40 on Monday. The stock has a market capitalization of $40.72 million, a price-to-earnings ratio of -2.55 and a beta of 1.60. IZEA Worldwide, Inc. has a 1-year low of $1.83 and a 1-year high of $3.60. The company has a 50 day moving average price of $2.66 and a 200 day moving average price of $2.50.

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.