Zynga Inc (NASDAQ:ZNGA) has been given a consensus rating of “Buy” by the nineteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and thirteen have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $9.84.
A number of equities analysts recently commented on ZNGA shares. Credit Suisse Group increased their price target on Zynga from $6.00 to $7.00 and gave the company an “underperform” rating in a research note on Tuesday, June 2nd. SunTrust Banks increased their price target on Zynga from $7.50 to $8.50 and gave the company a “buy” rating in a research note on Friday, April 17th. BidaskClub raised Zynga from a “hold” rating to a “buy” rating in a research note on Thursday, June 25th. Berenberg Bank started coverage on Zynga in a research note on Thursday, April 16th. They set a “buy” rating and a $8.50 price target for the company. Finally, Wedbush reissued an “outperform” rating and set a $11.50 price target (up from $9.25) on shares of Zynga in a research note on Monday, June 1st.
In other news, Director Ellen F. Siminoff sold 5,000 shares of the stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $7.38, for a total value of $36,900.00. Following the sale, the director now directly owns 130,688 shares in the company, valued at $964,477.44. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Jeffrey Buckley sold 4,014 shares of the stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $9.09, for a total value of $36,487.26. Following the completion of the sale, the chief accounting officer now owns 82,719 shares in the company, valued at $751,915.71. The disclosure for this sale can be found here. Over the last quarter, insiders sold 421,812 shares of company stock worth $3,724,091. Company insiders own 9.40% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in ZNGA. Private Capital Group LLC boosted its position in shares of Zynga by 58.6% in the 1st quarter. Private Capital Group LLC now owns 4,331 shares of the company’s stock worth $30,000 after purchasing an additional 1,600 shares in the last quarter. GQ Asset Management LLC purchased a new position in shares of Zynga during the 1st quarter valued at about $47,000. Simon Quick Advisors LLC purchased a new position in shares of Zynga in the 1st quarter valued at about $55,000. Asset Management One Co. Ltd. purchased a new position in shares of Zynga in the 1st quarter valued at about $62,000. Finally, Bremer Bank National Association purchased a new position in shares of Zynga in the 1st quarter valued at about $69,000. Institutional investors own 78.03% of the company’s stock.
Shares of NASDAQ ZNGA traded down $0.02 during mid-day trading on Tuesday, reaching $9.54. The company’s stock had a trading volume of 20,889,261 shares, compared to its average volume of 22,347,225. The firm has a market capitalization of $9.18 billion, a PE ratio of 136.29, a P/E/G ratio of 4.13 and a beta of 0.35. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.89 and a quick ratio of 1.89. The stock has a fifty day moving average of $8.85 and a two-hundred day moving average of $7.25. Zynga has a 52 week low of $5.51 and a 52 week high of $9.92.
Zynga (NASDAQ:ZNGA) last released its quarterly earnings data on Wednesday, May 6th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.03). The business had revenue of $424.88 million during the quarter, compared to the consensus estimate of $405.51 million. Zynga had a negative return on equity of 3.55% and a net margin of 4.58%. Analysts anticipate that Zynga will post 0.19 EPS for the current fiscal year.
Zynga Company Profile
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 Apple iOS and Google's Android operating systems, as well as on social networking sites, such as Facebook. It also provides advertising services comprising mobile and display ads, engagement ads and offers, and branded virtual items and sponsorships to advertising agencies and brokers; and licenses its own brands.
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