Media stories about Zynga (NASDAQ:ZNGA) have been trending somewhat positive recently, according to Accern Sentiment. Accern scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Zynga earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 46.0868238010964 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
Shares of Zynga (NASDAQ ZNGA) traded down $0.10 on Monday, reaching $3.51. The company’s stock had a trading volume of 15,060,000 shares, compared to its average volume of 11,920,000. Zynga has a one year low of $2.40 and a one year high of $4.34. The firm has a market capitalization of $3,060.00, a price-to-earnings ratio of -117.00, a P/E/G ratio of 2.65 and a beta of 0.51.
A number of equities research analysts have commented on the company. BidaskClub cut Zynga from a “sell” rating to a “strong sell” rating in a research note on Wednesday, January 31st. KeyCorp restated a “hold” rating on shares of Zynga in a research note on Tuesday, October 17th. Consumer Edge initiated coverage on Zynga in a research note on Wednesday, January 3rd. They issued an “overweight” rating and a $4.50 price objective for the company. Zacks Investment Research cut Zynga from a “strong-buy” rating to a “hold” rating in a research note on Saturday, January 13th. Finally, Wedbush set a $5.00 price objective on Zynga and gave the stock a “buy” rating in a research note on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $4.14.
In other news, COO Matthew S. Bromberg sold 20,000 shares of Zynga stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $3.92, for a total value of $78,400.00. Following the sale, the chief operating officer now directly owns 274,206 shares of the company’s stock, valued at $1,074,887.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ellen F. Siminoff sold 12,000 shares of Zynga stock in a transaction that occurred on 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. Over the last three months, insiders sold 256,000 shares of company stock worth $1,007,560. 12.43% of the stock is owned by corporate insiders.
COPYRIGHT VIOLATION WARNING: This piece of content was originally posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of US & international copyright & trademark law. The legal version of this piece of content can be read at https://www.dispatchtribunal.com/2018/02/05/zynga-znga-receiving-somewhat-favorable-news-coverage-study-shows.html.
Zynga Company Profile
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.
Receive News & Ratings for Zynga Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zynga and related companies with MarketBeat.com's FREE daily email newsletter.