Zynga Inc (NASDAQ:ZNGA) COO Matthew S. Bromberg sold 20,000 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $3.92, for a total value of $78,400.00. Following the completion of the transaction, the chief operating officer now directly owns 274,206 shares in the company, valued at approximately $1,074,887.52. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Shares of Zynga Inc (NASDAQ:ZNGA) traded down $0.05 during trading on Friday, reaching $3.75. The company had a trading volume of 19,998,500 shares, compared to its average volume of 15,849,442. The firm has a market cap of $3,260.00, a P/E ratio of -125.00, a PEG ratio of 2.79 and a beta of 0.76. Zynga Inc has a twelve month low of $2.40 and a twelve month high of $4.34.

Zynga (NASDAQ:ZNGA) last issued its quarterly earnings data on Tuesday, November 7th. The company reported $0.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.01. The business had revenue of $224.60 million for the quarter, compared to the consensus estimate of $211.98 million. Zynga had a negative return on equity of 1.37% and a negative net margin of 2.65%. The firm’s revenue was up 23.1% compared to the same quarter last year. During the same quarter last year, the business posted ($0.05) EPS. equities analysts forecast that Zynga Inc will post 0.02 EPS for the current fiscal year.

ZNGA has been the topic of a number of analyst reports. Zacks Investment Research downgraded Zynga from a “strong-buy” rating to a “hold” rating in a research note on Saturday, January 13th. Wedbush set a $5.00 price target on Zynga and gave the company a “buy” rating in a research note on Wednesday, October 18th. Cowen reissued a “buy” rating and issued a $4.50 price target on shares of Zynga in a research note on Thursday, October 12th. KeyCorp reissued a “hold” rating on shares of Zynga in a research note on Tuesday, October 17th. Finally, BidaskClub downgraded Zynga from a “buy” rating to a “hold” rating in a research note on Wednesday, December 6th. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $4.14.

Hedge funds have recently added to or reduced their stakes in the business. Crow Point Partners LLC bought a new position in Zynga during the 4th quarter worth about $114,000. The Manufacturers Life Insurance Company increased its holdings in Zynga by 23.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 30,835 shares of the company’s stock worth $112,000 after purchasing an additional 5,815 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Zynga during the 3rd quarter worth about $150,000. Prudential Financial Inc. increased its holdings in Zynga by 9.1% during the 2nd quarter. Prudential Financial Inc. now owns 44,500 shares of the company’s stock worth $162,000 after purchasing an additional 3,700 shares in the last quarter. Finally, State of Alaska Department of Revenue bought a new position in Zynga during the 4th quarter worth about $178,000. Hedge funds and other institutional investors own 70.46% 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) 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.

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

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