Q1 2018 Earnings Forecast for Zynga Inc Issued By Jefferies Group (NASDAQ:ZNGA)

Zynga Inc (NASDAQ:ZNGA) – Jefferies Group issued their Q1 2018 earnings estimates for Zynga in a report issued on Sunday, according to Zacks Investment Research. Jefferies Group analyst T. O’shea forecasts that the company will earn $0.01 per share for the quarter. Jefferies Group currently has a “Buy” rating and a $5.00 target price on the stock. Jefferies Group also issued estimates for Zynga’s Q2 2018 earnings at $0.02 EPS, Q3 2018 earnings at $0.03 EPS, Q4 2018 earnings at $0.04 EPS and FY2019 earnings at $0.11 EPS.

ZNGA has been the topic of a number of other reports. BidaskClub raised Zynga from a “strong sell” rating to a “sell” rating in a research report on Tuesday, February 6th. Zacks Investment Research raised Zynga from a “hold” rating to a “strong-buy” rating and set a $4.50 target price on the stock in a research report on Saturday, November 11th. Credit Suisse Group upped their price target on Zynga from $3.80 to $4.00 and gave the company an “underperform” rating in a research report on Thursday, February 8th. Wedbush set a $6.00 price target on Zynga and gave the company a “buy” rating in a research report on Thursday, February 8th. Finally, Consumer Edge initiated coverage on Zynga in a research report on Wednesday, January 3rd. They set an “overweight” rating and a $4.50 price target on the stock. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company. Zynga has an average rating of “Hold” and a consensus target price of $4.24.

Zynga (NASDAQ ZNGA) opened at $3.57 on Wednesday. Zynga has a 52-week low of $2.64 and a 52-week high of $4.34. The stock has a market capitalization of $3,110.00, a P/E ratio of 119.00, a price-to-earnings-growth ratio of 2.62 and a beta of 0.51.

Zynga (NASDAQ:ZNGA) last released its quarterly earnings results on Wednesday, February 7th. The company reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.02). Zynga had a return on equity of 1.66% and a net margin of 3.09%. The company had revenue of $233.30 million during the quarter, compared to analysts’ expectations of $218.64 million. During the same quarter in the prior year, the company earned ($0.04) EPS. The firm’s revenue was up 22.5% compared to the same quarter last year.

In other Zynga news, COO Matthew S. Bromberg sold 50,000 shares of the stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $3.95, for a total value of $197,500.00. Following the sale, the chief operating officer now directly owns 294,206 shares of the company’s stock, valued at $1,162,113.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Ellen F. Siminoff sold 12,000 shares of the stock in a transaction on Thursday, December 28th. The stock was sold at an average price of $3.97, for a total value of $47,640.00. The disclosure for this sale can be found here. Insiders sold 256,000 shares of company stock worth $1,007,560 over the last ninety days. 12.43% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the company. Bourgeon Capital Management LLC grew its stake in shares of Zynga by 147.1% in the fourth quarter. Bourgeon Capital Management LLC now owns 25,200 shares of the company’s stock worth $101,000 after purchasing an additional 15,000 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of 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 purchasing an additional 5,815 shares in the last quarter. Crow Point Partners LLC bought a new position in shares of Zynga in the fourth quarter worth $114,000. Sawtooth Solutions LLC grew its stake in shares of Zynga by 98.6% in the fourth quarter. Sawtooth Solutions LLC now owns 36,515 shares of the company’s stock worth $146,000 after purchasing an additional 18,131 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Zynga in the third quarter worth $150,000. 71.87% of the stock is owned by institutional investors.

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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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Earnings History and Estimates for Zynga (NASDAQ:ZNGA)

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