Zynga Inc (NASDAQ:ZNGA) COO Matthew S. Bromberg sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, December 27th. The stock was sold at an average price of $3.95, for a total value of $197,500.00. Following the sale, the chief operating officer now directly owns 294,206 shares in the company, valued at $1,162,113.70. The sale was disclosed in a filing with the SEC, which is available through this link.
Shares of Zynga Inc (NASDAQ ZNGA) opened at $3.89 on Thursday. Zynga Inc has a 1-year low of $2.40 and a 1-year high of $4.34. The company has a market capitalization of $3,390.00, a P/E ratio of -129.67, a price-to-earnings-growth ratio of 2.86 and a beta of 0.76.
Zynga (NASDAQ:ZNGA) last issued its quarterly earnings data on Tuesday, November 7th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of $0.01 by $0.01. The company had revenue of $224.60 million for the quarter, compared to analyst estimates of $211.98 million. Zynga had a negative return on equity of 1.37% and a negative net margin of 2.65%. Zynga’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same period last year, the company earned ($0.05) earnings per share. research analysts anticipate that Zynga Inc will post 0.02 EPS for the current fiscal year.
ZNGA has been the topic of a number of recent analyst reports. Consumer Edge assumed coverage on Zynga in a research report on Wednesday, January 3rd. They set an “overweight” rating and a $4.50 price target on the stock. Zacks Investment Research raised Zynga from a “hold” rating to a “strong-buy” rating and set a $4.50 price target on the stock in a research report on Saturday, November 11th. Wedbush set a $5.00 price target on Zynga and gave the stock a “buy” rating in a research report on Wednesday, October 18th. KeyCorp reissued a “hold” rating on shares of Zynga in a research report on Tuesday, October 17th. Finally, BidaskClub downgraded Zynga from a “buy” rating to a “hold” rating in a research report on Wednesday, December 6th. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $4.14.
Several large investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Zynga by 0.3% during the second quarter. Vanguard Group Inc. now owns 60,801,279 shares of the company’s stock worth $221,316,000 after buying an additional 164,384 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Zynga by 33.4% during the second quarter. Renaissance Technologies LLC now owns 23,009,600 shares of the company’s stock worth $83,755,000 after buying an additional 5,759,000 shares during the last quarter. First Trust Advisors LP boosted its stake in Zynga by 14.8% during the third quarter. First Trust Advisors LP now owns 13,188,402 shares of the company’s stock worth $49,852,000 after buying an additional 1,697,862 shares during the last quarter. American Century Companies Inc. boosted its stake in Zynga by 1.5% during the third quarter. American Century Companies Inc. now owns 9,266,153 shares of the company’s stock worth $35,026,000 after buying an additional 140,368 shares during the last quarter. Finally, River & Mercantile Asset Management LLP boosted its stake in Zynga by 126.3% during the third quarter. River & Mercantile Asset Management LLP now owns 7,707,049 shares of the company’s stock worth $29,171,000 after buying an additional 4,301,645 shares during the last quarter. 70.45% of the stock is currently owned by hedge funds and other institutional investors.
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Zynga Inc is a provider of social game services. The Company develops, markets and operates social games as live services played on mobile platforms, such as iPhone Operating System (iOS) operating system and Android operating system and social networking sites, such as Facebook. The Company has developed a range of social games, including games in its Slots, Words With Friends, Zynga Poker and FarmVille franchises.
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