Roth Capital Thinks Izea Inc’s Stock is Going to RecoverBy Ryan Adsit
Roth Capital analyst Darren Aftahi reiterated a Buy rating on Izea Inc (NASDAQ: IZEA) today and set a price target of $8.50. The company’s shares opened today at $4.71, close to its 52-week low of $4.55.
According to TipRanks.com, Aftahi is ranked 0 out of 5 stars with an average return of -8.1% and a 38.4% success rate. Aftahi covers the Technology sector, focusing on stocks such as Angie’s List Inc., Mitek Systems Inc, and Remark Media Inc.
Izea Inc has an analyst consensus of Moderate Buy.
Based on Izea Inc’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $6.91 million and GAAP net loss of $1.63 million. In comparison, last year the company earned revenue of $5.44 million and had a GAAP net loss of $2.65 million.
IZEA, Inc. engages in the social media sponsorship, which connects advertisers with social media publishers. The company was founded by Edward Hans Murphy in February 2006 and is headquartered in Winter Park, FL.