Insider Buying: IZEA Worldwide, Inc. (NASDAQ:IZEA) Major Shareholder Buys 6,620 Shares of Stock

IZEA Worldwide, Inc. (NASDAQ:IZEA) major shareholder Gp Investments, Ltd. purchased 6,620 shares of IZEA Worldwide stock in a transaction dated Tuesday, April 16th. The stock was bought at an average cost of $2.50 per share, with a total value of $16,550.00. Following the completion of the transaction, the insider now owns 1,726,386 shares in the company, valued at approximately $4,315,965. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

IZEA Worldwide Trading Up 1.2 %

Shares of IZEA traded up $0.03 during trading hours on Wednesday, hitting $2.53. The company had a trading volume of 8,588 shares, compared to its average volume of 53,176. The company has a market capitalization of $39.09 million, a PE ratio of -5.53 and a beta of 1.82. IZEA Worldwide, Inc. has a one year low of $1.83 and a one year high of $3.28. The company’s fifty day moving average price is $2.12 and its two-hundred day moving average price is $2.17.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Citigroup Inc. acquired a new position in IZEA Worldwide during the 1st quarter valued at about $108,000. State Street Corp increased its position in IZEA Worldwide by 7.8% during the 1st quarter. State Street Corp now owns 206,044 shares of the company’s stock valued at $342,000 after buying an additional 14,913 shares in the last quarter. Renaissance Technologies LLC increased its position in IZEA Worldwide by 54.9% during the 3rd quarter. Renaissance Technologies LLC now owns 108,100 shares of the company’s stock valued at $77,000 after buying an additional 38,300 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC acquired a new position in IZEA Worldwide during the 3rd quarter valued at about $55,000. Finally, Jacob Asset Management of New York LLC increased its position in IZEA Worldwide by 9.6% during the 3rd quarter. Jacob Asset Management of New York LLC now owns 114,650 shares of the company’s stock valued at $248,000 after buying an additional 10,000 shares in the last quarter. 15.56% of the stock is owned by 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.