Jefferies Group Reiterates Buy Rating for Zynga (ZNGA)

Zynga (NASDAQ:ZNGA)‘s stock had its “buy” rating restated by Jefferies Group in a research note issued to investors on Sunday. They currently have a $5.00 price objective on the stock. Jefferies Group’s target price would suggest a potential upside of 46.20% from the stock’s previous close.

Other equities research analysts have also issued research reports about the company. Wedbush set a $6.00 price target on Zynga and gave the company a “buy” rating in a research report on Thursday, February 8th. KeyCorp reaffirmed a “hold” rating on shares of Zynga in a research report on Tuesday, October 17th. BidaskClub lowered Zynga from a “buy” rating to a “hold” rating in a research report on Wednesday, December 6th. Zacks Investment Research lowered Zynga from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Finally, Consumer Edge initiated coverage on Zynga in a research report on Wednesday, January 3rd. They issued an “overweight” rating and a $4.50 price target on the stock. Two analysts have rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $4.19.

Zynga (NASDAQ ZNGA) opened at $3.42 on Friday. Zynga has a 12 month low of $2.40 and a 12 month high of $4.34. The stock has a market capitalization of $2,980.00, a PE ratio of 114.00, a P/E/G ratio of 2.59 and a beta of 0.51.

Zynga (NASDAQ:ZNGA) last posted its quarterly earnings results on Wednesday, February 7th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). The company had revenue of $233.30 million during the quarter, compared to analyst estimates of $218.64 million. Zynga had a net margin of 3.09% and a return on equity of 1.66%. Zynga’s revenue for the quarter was up 22.5% on a year-over-year basis. During the same period in the prior year, the business earned ($0.04) EPS. research analysts anticipate that Zynga will post 0.05 earnings per share for the current year.

In other news, insider Bernard Jin Kim sold 50,000 shares of the stock in a transaction dated Friday, December 29th. The stock was sold at an average price of $3.94, for a total value of $197,000.00. Following the transaction, the insider now owns 349,450 shares in the company, valued at approximately $1,376,833. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ellen F. Siminoff sold 12,000 shares of the stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $3.74, for a total value of $44,880.00. Following the completion of the transaction, the director now owns 247,900 shares in the company, valued at approximately $927,146. The disclosure for this sale can be found here. In the last quarter, insiders sold 256,000 shares of company stock worth $1,007,560. Company insiders own 12.43% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in ZNGA. Bourgeon Capital Management LLC grew its stake in Zynga by 147.1% during the 4th quarter. Bourgeon Capital Management LLC now owns 25,200 shares of the company’s stock worth $101,000 after buying an additional 15,000 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in 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 buying an additional 5,815 shares during the last quarter. Crow Point Partners LLC purchased a new position in Zynga during the 4th quarter worth approximately $114,000. Dynamic Technology Lab Private Ltd purchased a new position in Zynga during the 3rd quarter worth approximately $150,000. Finally, Prudential Financial Inc. grew its stake in 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 buying an additional 3,700 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

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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.

Analyst Recommendations for Zynga (NASDAQ:ZNGA)

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