Zynga Inc. (ZNGA) Director Sells $45,480.00 in Stock
Zynga Inc. (NASDAQ:ZNGA) Director Ellen F. Siminoff sold 12,000 shares of the business’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $3.79, for a total value of $45,480.00. Following the completion of the sale, the director now directly owns 122,478 shares of the company’s stock, valued at approximately $464,191.62. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Zynga Inc. (ZNGA) opened at 3.82 on Thursday. The firm’s 50-day moving average price is $3.73 and its 200-day moving average price is $3.44. Zynga Inc. has a 52-week low of $2.40 and a 52-week high of $4.02. The company’s market cap is $3.31 billion.
Zynga (NASDAQ:ZNGA) last announced its earnings results on Wednesday, August 2nd. The company reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.01). Zynga had a negative net margin of 10.50% and a negative return on equity of 3.83%. The business had revenue of $209.20 million for the quarter, compared to analysts’ expectations of $201.64 million. The business’s revenue was up 15.1% compared to the same quarter last year. On average, equities analysts anticipate that Zynga Inc. will post $0.10 EPS for the current year.
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A number of research firms have recently weighed in on ZNGA. BidaskClub lowered Zynga from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Benchmark Co. reissued a “buy” rating and issued a $4.35 target price (up previously from $3.65) on shares of Zynga in a research note on Wednesday, August 9th. Wedbush reissued an “outperform” rating and issued a $4.65 target price (up previously from $4.25) on shares of Zynga in a research note on Wednesday, August 9th. Zacks Investment Research raised Zynga from a “hold” rating to a “buy” rating and set a $4.25 target price for the company in a research note on Thursday, August 10th. Finally, Cowen and Company reissued an “outperform” rating and issued a $4.50 target price on shares of Zynga in a research note on Thursday, August 3rd. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Zynga presently has a consensus rating of “Buy” and an average target price of $4.06.
Several institutional investors have recently bought and sold shares of ZNGA. World Asset Management Inc raised its stake in Zynga by 0.4% in the second quarter. World Asset Management Inc now owns 27,842 shares of the company’s stock worth $101,000 after buying an additional 98 shares in the last quarter. Princeton Portfolio Strategies Group LLC raised its stake in Zynga by 43.6% in the first quarter. Princeton Portfolio Strategies Group LLC now owns 35,900 shares of the company’s stock worth $102,000 after buying an additional 10,900 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Zynga by 23.2% in the second quarter. The Manufacturers Life Insurance Company now owns 30,835 shares of the company’s stock worth $112,000 after buying an additional 5,815 shares in the last quarter. HighTower Advisors LLC bought a new position in Zynga in the first quarter worth approximately $116,000. Finally, Prudential Financial Inc. raised its stake in Zynga by 9.1% in the second quarter. Prudential Financial Inc. now owns 44,500 shares of the company’s stock worth $162,000 after buying an additional 3,700 shares in the last quarter. 68.19% of the stock is owned by hedge funds and other institutional investors.
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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