Insider Selling: Zynga Inc. (ZNGA) General Counsel Sells 5,788 Shares of Stock
Zynga Inc. (NASDAQ:ZNGA) General Counsel Devang Shah sold 5,788 shares of the stock in a transaction on Wednesday, November 16th. The stock was sold at an average price of $2.80, for a total value of $16,206.40. Following the transaction, the general counsel now owns 52,240 shares of the company’s stock, valued at $146,272. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Devang Shah also recently made the following trade(s):
- On Tuesday, October 18th, Devang Shah sold 40,821 shares of Zynga stock. The stock was sold at an average price of $2.81, for a total value of $114,707.01.
- On Monday, September 19th, Devang Shah sold 5,094 shares of Zynga stock. The stock was sold at an average price of $2.90, for a total value of $14,772.60.
Zynga Inc. (NASDAQ:ZNGA) opened at 2.80 on Friday. The firm’s 50-day moving average price is $2.85 and its 200-day moving average price is $2.73. Zynga Inc. has a one year low of $1.78 and a one year high of $3.04. The company’s market cap is $2.50 billion.
Zynga (NASDAQ:ZNGA) last posted its quarterly earnings results on Wednesday, November 2nd. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by $0.06. Zynga had a negative return on equity of 4.89% and a negative net margin of 16.24%. The business had revenue of $182.40 million for the quarter, compared to analyst estimates of $187.23 million. Zynga’s quarterly revenue was down 6.8% on a year-over-year basis. On average, equities research analysts forecast that Zynga Inc. will post $0.03 earnings per share for the current fiscal year.
Institutional investors have recently bought and sold shares of the company. Acadian Asset Management LLC acquired a new position in Zynga during the third quarter worth approximately $105,000. Penserra Capital Management LLC boosted its position in Zynga by 3.5% in the second quarter. Penserra Capital Management LLC now owns 49,442 shares of the company’s stock worth $123,000 after buying an additional 1,656 shares during the period. Sterling Capital Management LLC acquired a new position in Zynga during the second quarter worth approximately $124,000. Jefferies Group LLC acquired a new position in Zynga during the second quarter worth approximately $130,000. Finally, Point72 Asia Hong Kong Ltd acquired a new position in Zynga during the second quarter worth approximately $160,000. 60.12% of the stock is owned by institutional investors.
Several brokerages have recently commented on ZNGA. Robert W. Baird restated a “neutral” rating and set a $3.00 target price on shares of Zynga in a report on Saturday, August 6th. TheStreet upgraded Zynga from a “sell” rating to a “hold” rating in a report on Wednesday, July 27th. Pacific Crest restated a “hold” rating on shares of Zynga in a report on Friday, August 5th. Zacks Investment Research upgraded Zynga from a “hold” rating to a “buy” rating and set a $3.25 target price on the stock in a report on Wednesday, November 9th. Finally, FBR & Co restated an “outperform” rating and set a $4.25 target price on shares of Zynga in a report on Tuesday, September 13th. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $3.33.
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) and Android and social networking sites, such as Facebook. The Company operates through developing and monetizing social games segment.
Receive News & Stock Ratings for Zynga Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zynga Inc. and related stocks with our FREE daily email newsletter.