ZNGA has been the topic of several other reports. Mizuho reiterated a buy rating and set a $3.20 price target (down from $3.50) on shares of Zynga in a report on Thursday, February 16th. Piper Jaffray Companies reissued a hold rating and issued a $2.50 price objective on shares of Zynga in a research report on Friday, January 20th. Pacific Crest reissued a sector weight rating on shares of Zynga in a research report on Wednesday, April 26th. Wedbush reissued an outperform rating and issued a $4.00 price objective on shares of Zynga in a research report on Monday, February 6th. Finally, Jefferies Group LLC reissued a buy rating and issued a $5.00 price objective on shares of Zynga in a research report on Tuesday, April 18th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock has an average rating of Buy and an average target price of $3.62.
Zynga (NASDAQ:ZNGA) traded up 2.35% on Friday, reaching $3.48. The company had a trading volume of 5,673,753 shares. The company’s 50 day moving average price is $2.98 and its 200-day moving average price is $2.79. Zynga has a 12 month low of $2.27 and a 12 month high of $3.52. The company’s market capitalization is $2.99 billion.
Zynga (NASDAQ:ZNGA) last issued its quarterly earnings results on Thursday, May 4th. The company reported ($0.01) EPS for the quarter, meeting the consensus estimate of ($0.01). The company had revenue of $194.30 million for the quarter, compared to the consensus estimate of $188.14 million. Zynga had a negative net margin of 14.59% and a negative return on equity of 5.96%. The firm’s revenue was up 4.1% compared to the same quarter last year. On average, equities analysts predict that Zynga will post $0.09 earnings per share for the current fiscal year.
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In other Zynga news, Director Ellen F. Siminoff sold 12,000 shares of the company’s stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $2.91, for a total transaction of $34,920.00. Following the transaction, the director now owns 177,057 shares in the company, valued at approximately $515,235.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Frank D. Gibeau sold 167,440 shares of the company’s stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $2.73, for a total transaction of $457,111.20. Following the transaction, the chief executive officer now owns 1,115,834 shares in the company, valued at approximately $3,046,226.82. The disclosure for this sale can be found here. Insiders have sold a total of 213,118 shares of company stock worth $585,292 in the last 90 days. 16.60% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of ZNGA. Clinton Group Inc. raised its position in shares of Zynga by 0.7% in the first quarter. Clinton Group Inc. now owns 61,082 shares of the company’s stock worth $174,000 after buying an additional 423 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Zynga by 2.8% in the first quarter. Principal Financial Group Inc. now owns 92,862 shares of the company’s stock worth $265,000 after buying an additional 2,540 shares during the last quarter. Amalgamated Bank raised its position in shares of Zynga by 3.3% in the first quarter. Amalgamated Bank now owns 104,174 shares of the company’s stock worth $297,000 after buying an additional 3,346 shares during the last quarter. Moors & Cabot Inc. raised its position in shares of Zynga by 5.6% in the third quarter. Moors & Cabot Inc. now owns 131,050 shares of the company’s stock worth $377,000 after buying an additional 7,000 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of Zynga by 11.7% in the first quarter. PNC Financial Services Group Inc. now owns 71,889 shares of the company’s stock worth $205,000 after buying an additional 7,535 shares during the last quarter. Institutional investors and hedge funds own 60.68% of the company’s stock.
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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