Zynga Inc. (NASDAQ:ZNGA) General Counsel Devang Shah sold 6,447 shares of the company’s stock in a transaction dated Friday, November 18th. The stock was sold at an average price of $2.81, for a total transaction of $18,116.07. Following the completion of the transaction, the general counsel now owns 57,878 shares in the company, valued at approximately $162,637.18. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Devang Shah also recently made the following trade(s):

  • On Wednesday, November 16th, Devang Shah sold 5,788 shares of Zynga stock. The stock was sold at an average price of $2.80, for a total transaction of $16,206.40.
  • 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 transaction 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 transaction of $14,772.60.

Zynga Inc. (NASDAQ:ZNGA) opened at 2.79 on Wednesday. The company’s market capitalization is $2.49 billion. Zynga Inc. has a 52-week low of $1.78 and a 52-week high of $3.04. The stock’s 50 day moving average price is $2.85 and its 200-day moving average price is $2.74.

Zynga (NASDAQ:ZNGA) last released its earnings results on Wednesday, November 2nd. The company reported ($0.05) EPS for the quarter, missing the Zacks’ consensus estimate 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 firm had revenue of $182.40 million for the quarter, compared to analyst estimates of $187.23 million. The firm’s revenue for the quarter was down 6.8% compared to the same quarter last year. Analysts predict that Zynga Inc. will post $0.03 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Zynga (NASDAQ:ZNGA)

Several equities analysts have issued reports on the stock. Jefferies Group restated a “buy” rating and set a $5.00 target price on shares of Zynga in a research note on Tuesday, September 6th. Wedbush reaffirmed a “buy” rating and set a $4.25 price target on shares of Zynga in a research report on Sunday, September 11th. Cowen and Company raised shares of Zynga from a “market perform” rating to an “outperform” rating and set a $3.50 price target for the company in a research report on Wednesday, August 3rd. JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of Zynga in a research report on Thursday, November 3rd. Finally, FBR & Co reaffirmed an “outperform” rating and set a $4.25 price target on shares of Zynga in a research report on Tuesday, September 13th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company’s stock. Zynga presently has a consensus rating of “Hold” and an average price target of $3.33.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Acadian Asset Management LLC bought a new position in shares of Zynga during the third quarter valued at $105,000. Penserra Capital Management LLC boosted its position in shares of Zynga by 3.5% in the second quarter. Penserra Capital Management LLC now owns 49,442 shares of the company’s stock valued at $123,000 after buying an additional 1,656 shares in the last quarter. Sterling Capital Management LLC bought a new position in shares of Zynga during the second quarter valued at $124,000. Jefferies Group LLC bought a new position in shares of Zynga during the second quarter valued at $130,000. Finally, Point72 Asia Hong Kong Ltd bought a new position in shares of Zynga during the second quarter valued at $160,000. Institutional investors own 58.42% of the company’s stock.

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About Zynga

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.

5 Day Chart for NASDAQ:ZNGA

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