Brokerages expect Zynga Inc (NASDAQ:ZNGA) to report sales of $214.40 million for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Zynga’s earnings, with estimates ranging from $210.21 million to $217.80 million. Zynga posted sales of $201.53 million in the same quarter last year, which suggests a positive year-over-year growth rate of 6.4%. The firm is scheduled to issue its next quarterly earnings report on Thursday, February 8th.
On average, analysts expect that Zynga will report full-year sales of $214.40 million for the current year, with estimates ranging from $840.24 million to $850.00 million. For the next financial year, analysts forecast that the company will report sales of $921.02 million per share, with estimates ranging from $881.13 million to $950.00 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Zynga.
Zynga (NASDAQ:ZNGA) last released its quarterly earnings data on Tuesday, November 7th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.01. The firm had revenue of $224.60 million during the quarter, compared to analysts’ expectations of $211.98 million. Zynga had a negative return on equity of 1.37% and a negative net margin of 2.65%. Zynga’s revenue was up 23.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.05) earnings per share.
A number of brokerages have issued reports on ZNGA. Cowen reissued a “buy” rating and issued a $4.50 price target on shares of Zynga in a research note on Thursday, October 12th. Wedbush set a $5.00 price objective on Zynga and gave the stock a “buy” rating in a report on Wednesday, October 18th. KeyCorp reiterated a “hold” rating on shares of Zynga in a report on Tuesday, October 17th. Zacks Investment Research downgraded Zynga from a “buy” rating to a “hold” rating in a report on Thursday, October 5th. Finally, Robert W. Baird restated a “hold” rating and set a $4.00 price objective on shares of Zynga in a research note on Friday, September 15th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $4.14.
In related news, insider Bernard Jin Kim sold 50,000 shares of the business’s stock in a transaction dated Friday, December 29th. The stock was sold at an average price of $3.94, for a total transaction of $197,000.00. Following the completion of the transaction, the insider now owns 349,450 shares of the company’s stock, valued at approximately $1,376,833. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ellen F. Siminoff sold 12,000 shares of the business’s stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $3.97, for a total value of $47,640.00. The disclosure for this sale can be found here. Insiders have sold a total of 236,000 shares of company stock valued at $930,600 in the last three months. 12.43% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Crow Point Partners LLC acquired a new position in shares of Zynga during the 4th quarter worth about $114,000. The Manufacturers Life Insurance Company lifted its position in shares of Zynga by 23.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 30,835 shares of the company’s stock worth $112,000 after purchasing an additional 5,815 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Zynga during the 3rd quarter worth about $150,000. Prudential Financial Inc. lifted its position in shares of Zynga by 9.1% during the 2nd quarter. Prudential Financial Inc. now owns 44,500 shares of the company’s stock worth $162,000 after purchasing an additional 3,700 shares during the last quarter. Finally, Bayesian Capital Management LP acquired a new position in shares of Zynga during the 2nd quarter worth about $170,000. 70.45% of the stock is owned by institutional investors and hedge funds.
Zynga (NASDAQ ZNGA) remained flat at $$3.97 during trading on Wednesday. 7,703,800 shares of the company’s stock were exchanged, compared to its average volume of 8,730,000. The company has a market cap of $3,460.00, a price-to-earnings ratio of -132.33, a price-to-earnings-growth ratio of 2.92 and a beta of 0.76. Zynga has a 52-week low of $2.40 and a 52-week high of $4.34.
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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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