Zynga Inc. (NASDAQ:ZNGA) Director Ellen F. Siminoff sold 12,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $3.62, for a total transaction of $43,440.00. Following the sale, the director now directly owns 158,478 shares of the company’s stock, valued at approximately $573,690.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Zynga Inc. (ZNGA) traded down 3.25% on Friday, hitting $3.57. 15,339,964 shares of the stock traded hands. The firm’s 50 day moving average is $3.65 and its 200-day moving average is $3.11. Zynga Inc. has a 12 month low of $2.40 and a 12 month high of $3.86. The company’s market cap is $3.08 billion. Zynga also was the recipient of unusually large options trading on Thursday. Traders bought 11,077 call options on the company. This represents an increase of approximately 802% compared to the typical volume of 1,228 call options.
Zynga (NASDAQ:ZNGA) last posted its quarterly earnings data on Wednesday, August 2nd. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.02 by $0.01. Zynga had a negative return on equity of 3.81% and a negative net margin of 10.50%. The company had revenue of $209.20 million for the quarter, compared to analysts’ expectations of $201.64 million. The company’s revenue was up 15.1% on a year-over-year basis. Equities analysts predict that Zynga Inc. will post $0.09 earnings per share for the current year.
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Hedge funds have recently modified their holdings of the company. GSA Capital Partners LLP raised its stake in shares of Zynga by 132.3% in the fourth quarter. GSA Capital Partners LLP now owns 57,935 shares of the company’s stock worth $149,000 after buying an additional 32,994 shares during the last quarter. Norges Bank acquired a new stake in shares of Zynga during the fourth quarter worth about $8,299,000. Teachers Advisors LLC raised its stake in shares of Zynga by 4.6% in the fourth quarter. Teachers Advisors LLC now owns 750,305 shares of the company’s stock worth $1,928,000 after buying an additional 32,740 shares during the last quarter. Nationwide Fund Advisors raised its stake in shares of Zynga by 49.5% in the first quarter. Nationwide Fund Advisors now owns 311,912 shares of the company’s stock worth $889,000 after buying an additional 103,210 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its stake in shares of Zynga by 28.2% in the first quarter. Canada Pension Plan Investment Board now owns 3,931,500 shares of the company’s stock worth $11,205,000 after buying an additional 865,100 shares during the last quarter. 66.14% of the stock is currently owned by hedge funds and other institutional investors.
ZNGA has been the subject of a number of research reports. Zacks Investment Research raised shares of Zynga from a “hold” rating to a “buy” rating and set a $3.25 target price for the company in a report on Thursday, April 13th. Jefferies Group LLC reaffirmed a “buy” rating and set a $5.00 target price on shares of Zynga in a report on Tuesday, April 18th. Pacific Crest reaffirmed a “sector weight” rating on shares of Zynga in a report on Wednesday, April 26th. Bank of America Corporation raised shares of Zynga from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $2.50 to $3.25 in a report on Friday, May 5th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $3.00 target price on shares of Zynga in a report on Friday, May 5th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Zynga currently has a consensus rating of “Buy” and a consensus target price of $3.92.
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.
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