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Big Mover; Izea Inc. (IZEA)

By Warren Paige

Shares of Izea Inc. (PINK: IZEA), operator of multiple marketplaces, are up sharply in trading today. The stock is currently trading 19.80% higher at $0.605 on above average volume of 1.34 million.

Izea Inc., this week, provided strong guidance for its 2012 fiscal year. The company said that it expects fiscal year 2012 revenue to double to $8.6 million, driven by May 2012 sales pipeline that has increased by 50% since January 2012.

Ted Murphy, Founder and CEO of Izea Inc., said that IZEA’s client base is expanding across multiple industry verticals. Murphy said that the company’s pipeline is growing at an average of eight percent month-over-month and it continues to see an increase in its conversion rate from pipeline to signed client. He added that in the first quarter of 2012, IZEA conducted campaigns for national and international brands such as S.C. Johnson & Son, Kraft, Wal-Mart, Kia, Lenovo, Revlon and The Scotts MiracleGro Company.

 

May 11th, 2012 | Tags: | Category: Hot MicroCaps

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.