Zynga (NASDAQ:ZNGA) COO Matthew S. Bromberg sold 20,000 shares of Zynga stock in a transaction dated Wednesday, April 18th. The shares were sold at an average price of $3.57, for a total value of $71,400.00. Following the sale, the chief operating officer now owns 340,056 shares of the company’s stock, valued at $1,213,999.92. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
ZNGA opened at $3.53 on Friday. Zynga has a twelve month low of $2.77 and a twelve month high of $4.34. The company has a market capitalization of $3,163.16, a P/E ratio of 117.67, a P/E/G ratio of 2.64 and a beta of 0.48.
Zynga (NASDAQ:ZNGA) last posted its earnings results on Wednesday, February 7th. The company reported $0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 return on equity of 1.66% and a net margin of 3.09%. The firm’s revenue for the quarter was up 22.5% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.04) earnings per share. analysts predict that Zynga will post 0.06 earnings per share for the current year.
Several equities research analysts have recently issued reports on the company. BidaskClub lowered Zynga from a “buy” rating to a “hold” rating in a report on Tuesday, April 3rd. Jefferies Group reiterated a “buy” rating and set a $5.00 price target on shares of Zynga in a report on Sunday, February 11th. Zacks Investment Research lowered Zynga from a “strong-buy” rating to a “hold” rating in a report on Saturday, January 13th. Consumer Edge assumed coverage on Zynga in a report on Wednesday, January 3rd. They set an “overweight” rating and a $4.50 price target for the company. Finally, Credit Suisse Group lifted their price target on Zynga from $3.80 to $4.00 and gave the company an “underperform” rating in a report on Thursday, February 8th. Two analysts have rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $4.24.
Hedge funds and other institutional investors have recently modified their holdings of the business. Bourgeon Capital Management LLC increased its position in Zynga by 147.1% in 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 period. The Manufacturers Life Insurance Company increased its position in Zynga by 23.2% in 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 period. Crow Point Partners LLC bought a new position in Zynga in the 4th quarter worth approximately $114,000. Sawtooth Solutions LLC increased its position in Zynga by 98.6% in the 4th quarter. Sawtooth Solutions LLC now owns 36,515 shares of the company’s stock worth $146,000 after buying an additional 18,131 shares during the period. Finally, State of Alaska Department of Revenue bought a new position in Zynga in the 4th quarter worth approximately $178,000. 71.37% of the stock is currently owned by institutional investors.
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Zynga, Inc provides social game services. It develops, markets and operates social games as live services played on mobile platforms such as Apple’s iOS operating system and Google’s Android operating system, and social networking sites such as Facebook. It offers Chess with Friends, Crazy Cake Swap, Draw Something, FarmVille, Gems With Friends, Ice Age: Arctic Blast, Looney Tunes Dash, Speed Guess Something, What’s The Phrase, Wizard of Oz Magic Match, Yummy Gummy, Free Slots, Black Diamond Casino, Hit It Rich, Zynga Poker and Willy Wonka Slots.
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