Zynga Inc (NASDAQ:ZNGA) has been assigned an average rating of “Hold” from the seventeen brokerages that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $4.22.
Several equities research analysts have weighed in on ZNGA shares. Zacks Investment Research downgraded Zynga from a “strong-buy” rating to a “hold” rating in a report on Saturday, January 13th. BidaskClub downgraded Zynga from a “sell” rating to a “strong sell” rating in a report on Wednesday, January 31st. Consumer Edge started coverage on Zynga in a report on Wednesday, January 3rd. They issued an “overweight” rating and a $4.50 price target for the company. Jefferies Group reissued a “buy” rating and issued a $5.00 price target on shares of Zynga in a report on Sunday, February 11th. Finally, Credit Suisse Group raised their price target on Zynga from $3.80 to $4.00 and gave the stock an “underperform” rating in a report on Thursday, February 8th.
Shares of ZNGA stock traded down $0.01 during mid-day trading on Wednesday, reaching $3.80. The company had a trading volume of 9,942,713 shares, compared to its average volume of 10,250,670. Zynga has a 12 month low of $2.73 and a 12 month high of $4.34. The company has a market capitalization of $3,320.01, a P/E ratio of 126.71, a P/E/G ratio of 2.93 and a beta of 0.52.
Zynga (NASDAQ:ZNGA) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). Zynga had a net margin of 3.09% and a return on equity of 1.66%. The company had revenue of $233.30 million for the quarter, compared to the consensus estimate of $218.64 million. During the same period in the previous year, the business earned ($0.04) EPS. Zynga’s revenue for the quarter was up 22.5% compared to the same quarter last year. equities analysts anticipate that Zynga will post 0.05 EPS for the current fiscal year.
In related news, COO Matthew S. Bromberg sold 20,000 shares of Zynga stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $3.92, for a total transaction of $78,400.00. Following the completion of the sale, the chief operating officer now owns 274,206 shares of the company’s stock, valued at $1,074,887.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ellen F. Siminoff sold 12,000 shares of Zynga stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $3.62, for a total value of $43,440.00. Following the sale, the director now directly owns 235,900 shares of the company’s stock, valued at approximately $853,958. The disclosure for this sale can be found here. Insiders have sold 268,000 shares of company stock valued at $1,051,000 in the last ninety days. Corporate insiders own 12.43% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in ZNGA. The Manufacturers Life Insurance Company lifted its holdings in shares of Zynga by 23.2% during the second 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 period. Nationwide Fund Advisors purchased a new position in Zynga during the third quarter valued at approximately $236,000. Sei Investments Co. raised its position in Zynga by 7.6% during the third quarter. Sei Investments Co. now owns 310,209 shares of the company’s stock valued at $1,173,000 after acquiring an additional 22,000 shares in the last quarter. New York State Common Retirement Fund raised its position in Zynga by 26.1% during the third quarter. New York State Common Retirement Fund now owns 2,787,283 shares of the company’s stock valued at $10,536,000 after acquiring an additional 577,404 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Zynga by 5.1% during the third quarter. Bank of New York Mellon Corp now owns 2,779,008 shares of the company’s stock valued at $10,505,000 after acquiring an additional 135,150 shares in the last quarter. 71.37% of the stock is owned by hedge funds and other institutional investors.
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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.
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