Zynga Inc (NASDAQ:ZNGA) COO Matthew S. Bromberg sold 50,000 shares of Zynga stock in a transaction that occurred 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 completion of the transaction, the chief operating officer now owns 294,206 shares of the company’s stock, valued at approximately $1,162,113.70. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of Zynga Inc (NASDAQ:ZNGA) remained flat at $$3.97 during mid-day trading on Friday. The company’s stock had a trading volume of 7,703,869 shares, compared to its average volume of 7,762,562. Zynga Inc has a twelve month low of $2.40 and a twelve month high of $4.34. The company has a market cap of $3,456.06, a price-to-earnings ratio of -198.50, a price-to-earnings-growth ratio of 2.92 and a beta of 0.76.
Zynga (NASDAQ:ZNGA) last posted its quarterly earnings data on Tuesday, November 7th. The company reported $0.02 EPS for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.01. Zynga had a negative return on equity of 1.37% and a negative net margin of 2.65%. The company had revenue of $224.60 million for the quarter, compared to the consensus estimate of $211.98 million. During the same quarter in the previous year, the business earned ($0.05) EPS. The company’s quarterly revenue was up 23.1% compared to the same quarter last year. equities analysts forecast that Zynga Inc will post 0.02 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently bought and sold shares of ZNGA. The Manufacturers Life Insurance Company raised its stake in shares of Zynga by 23.2% in the 2nd 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. Crow Point Partners LLC bought a new stake in shares of Zynga in the 4th quarter worth $114,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Zynga in the 3rd quarter worth $150,000. Timber Hill LLC raised its stake in shares of Zynga by 49.0% in the 2nd quarter. Timber Hill LLC now owns 44,446 shares of the company’s stock worth $162,000 after buying an additional 14,616 shares in the last quarter. Finally, Prudential Financial Inc. raised its stake in shares of Zynga by 9.1% in the 2nd 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. 70.45% of the stock is currently owned by institutional investors.
A number of research analysts recently issued reports on the company. Consumer Edge assumed coverage on Zynga in a research report on Wednesday, January 3rd. They set an “overweight” rating and a $4.50 price objective for the company. Zacks Investment Research upgraded Zynga from a “hold” rating to a “strong-buy” rating and set a $4.50 price objective for the company in a research report on Saturday, November 11th. Wedbush set a $5.00 price objective on Zynga and gave the company a “buy” rating in a research report on Wednesday, October 18th. KeyCorp restated a “hold” rating on shares of Zynga in a research report on Tuesday, October 17th. Finally, BidaskClub lowered Zynga from a “buy” rating to a “hold” rating in a research report on Wednesday, December 6th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $4.14.
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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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