Zynga (ZNGA) – Analysts’ Recent Ratings Updates

A number of firms have modified their ratings and price targets on shares of Zynga (NASDAQ: ZNGA) recently:

  • 11/1/2018 – Zynga was given a new $3.40 price target on by analysts at Barclays PLC. They now have an “underweight” rating on the stock.
  • 11/1/2018 – Zynga had its price target lowered by analysts at Credit Suisse Group AG from $4.90 to $4.50. They now have an “underperform” rating on the stock.
  • 11/1/2018 – Zynga was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 11/1/2018 – Zynga was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 11/1/2018 – Zynga was given a new $6.00 price target on by analysts at Wedbush. They now have a “buy” rating on the stock.
  • 10/26/2018 – Zynga had its “buy” rating reaffirmed by analysts at Wedbush. They now have a $6.00 price target on the stock.
  • 10/11/2018 – Zynga had its “buy” rating reaffirmed by analysts at Jefferies Financial Group Inc. They now have a $5.25 price target on the stock.
  • 10/5/2018 – Zynga was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 10/3/2018 – Zynga was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 9/27/2018 – Zynga is now covered by analysts at Stifel Nicolaus. They set a “buy” rating and a $5.00 price target on the stock.

Shares of NASDAQ:ZNGA opened at $3.71 on Tuesday. Zynga Inc has a 12-month low of $3.20 and a 12-month high of $4.57. The firm has a market cap of $3.23 billion, a price-to-earnings ratio of 123.67, a PEG ratio of 2.28 and a beta of 0.42.

Zynga (NASDAQ:ZNGA) last announced its earnings results on Wednesday, October 31st. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.01. Zynga had a net margin of 3.12% and a return on equity of 1.89%. The company had revenue of $233.24 million for the quarter, compared to the consensus estimate of $224.54 million. During the same period in the previous year, the business earned $0.02 EPS. The company’s revenue was up 3.8% on a year-over-year basis. Equities research analysts anticipate that Zynga Inc will post 0.07 earnings per share for the current year.

In other Zynga news, COO Matthew S. Bromberg sold 41,500 shares of the business’s stock in a transaction on Friday, September 21st. The shares were sold at an average price of $3.95, for a total transaction of $163,925.00. Following the sale, the chief operating officer now directly owns 493,294 shares of the company’s stock, valued at approximately $1,948,511.30. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Ellen F. Siminoff sold 12,000 shares of the business’s stock in a transaction on Friday, August 24th. The shares were sold at an average price of $3.92, for a total transaction of $47,040.00. Following the sale, the director now directly owns 213,277 shares in the company, valued at $836,045.84. The disclosure for this sale can be found here. Over the last three months, insiders have sold 576,322 shares of company stock worth $2,177,796. Company insiders own 11.87% of the company’s stock.

Large investors have recently made changes to their positions in the business. Maplelane Capital LLC purchased a new position in shares of Zynga during the 2nd quarter valued at $2,035,000. Cubist Systematic Strategies LLC grew its holdings in shares of Zynga by 20.6% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 236,303 shares of the company’s stock valued at $962,000 after acquiring an additional 40,419 shares in the last quarter. Lourd Capital LLC purchased a new position in shares of Zynga during the 3rd quarter valued at $109,000. Schwab Charles Investment Management Inc. grew its holdings in shares of Zynga by 8.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 3,532,152 shares of the company’s stock valued at $14,376,000 after acquiring an additional 274,007 shares in the last quarter. Finally, FMR LLC purchased a new position in shares of Zynga during the 2nd quarter valued at $1,927,000. 74.60% of the stock is currently owned by institutional investors.

Zynga Inc develops, markets, and operates social games as live services in the United States and internationally. The company's games are played on mobile platforms, such as iOS and Android operating systems, as well as on social networking sites, including Facebook. It also provides advertising services comprising mobile and display ads, engagement ads and offers, and branded virtual goods and sponsorships to advertising agencies and brokers; and software licensing and maintenance services related to NaturalMotion technology, as well as licenses its own brands.

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