The Coronavirus induced market bottom took place one year ago today. Since then the Nasdaq has DOUBLED. We’ve seen investors pour into high flying tech names, but a recent rise in bond yields has helped accelerate a rotation out of some of the biggest players when it comes to technology.
Many investors are turning their focus to small and mid-cap tech names, in search of the next Google or Nvidia. Today’s trade alert features a small-cap tech firm that is on the rise and making big moves this year.
One of the lesser known tech names that has done very well in 2021 is Izea Worldwide Inc. (IZEA). IZEA is a marketing technology company providing software and professional services that enable brands to collaborate and transact with the full spectrum of today’s top social influencers and content creators. The company serves as a champion for the growing Creator Economy, enabling individuals to monetize their content, creativity, and influence. IZEA launched the industry’s first-ever influencer marketing platform in 2006 and has since facilitated nearly 4 million transactions between online buyers and sellers. Leading brands and agencies partner with IZEA to increase digital engagement, diversify brand voice, scale content production, and drive measurable return on investment.
Shares of the tech stock have climbed from around $2 in January to as high as $7.45. The initial run started after Izea inked a 7 figure deal with a “Fortune 100” retailer. The company also won numerous repeat orders as well as expanding on other contracts like the one it had with the US military.
Last week the company reported on its Q1 progress. To date, the company’s Managed Services bookings for Q1 2021 to date are now 75% greater than Managed Services bookings for all of Q1 2020. Furthermore, the company’s software as a service customer base grew to new record levels in March. The company attributed this growth to its self-service influencer discovery tool, IZEAx Discovery. With a continuous focus on digital media marketing and the growth of apps like TikTok and Instagram, IZEA is in a hot niche right now. Shares currently trade for $4.45.
The company’s Q4 and 2020 full year earnings call is scheduled for Tues., March 30th after the closing bell.
Where to invest $1,000 right now...
Before you consider buying IZEA, you'll want to see this.
Investing legend, Keith Kohl just revealed his #1 stock for 2022...
And it's not IZEA.
Jeff Bezos, Peter Thiel, and the Rockefellers are betting a colossal nine figures on this tiny company that trades publicly for $5.
Keith say’s he thinks investors will be able to turn a small $50 stake into $150,000.
Find that to be extraordinary?
Click here to watch his presentation, and decide for yourself...
But you have to act now, because a catalyst coming in a few weeks is set to take this company mainstream... And by then, it could be too late.
Click here to find out the name and ticker of Keith's #1 pick...
