News headlines about Zynga (NASDAQ:ZNGA) have been trending somewhat positive on Wednesday, Accern Sentiment reports. The research group rates the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Zynga earned a daily sentiment score of 0.11 on Accern’s scale. Accern also gave news coverage about the company an impact score of 45.8108453420053 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news articles that may have effected Accern’s analysis:
- Rolling Stocks: Zynga Inc., (NASDAQ: ZNGA), Loews Corporation, (NYSE: L); – TNN (tradingnewsnow.com)
- Zynga Inc. (ZNGA) stock crosses SMA-20 above 3.41% – The Stocks News (press release) (thestocksnews.com)
- Investors Alert on Unusual Volume with Zynga Inc. (ZNGA) – Wall Street Morning (wallstreetmorning.com)
- P-L-A-Y Your Way to Victory in Words With Friends 2 With Google Play Instant (finance.yahoo.com)
- Shares of Zynga Inc. (ZNGA) are worth at $3.82 – Wall Street Morning (wallstreetmorning.com)
A number of research firms recently weighed in on ZNGA. BidaskClub raised Zynga from a “strong sell” rating to a “sell” rating in a research report on Tuesday, February 6th. Wedbush set a $6.00 target price on Zynga and gave the stock a “buy” rating in a research report on Thursday, February 8th. Credit Suisse Group lifted their target price on Zynga from $3.80 to $4.00 and gave the stock an “underperform” rating in a research report on Thursday, February 8th. Jefferies Group reissued a “buy” rating and set a $5.00 target price on shares of Zynga in a research report on Sunday, February 11th. Finally, Consumer Edge began coverage on Zynga in a research report on Wednesday, January 3rd. They set an “overweight” rating and a $4.50 target price on the stock. Three analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $4.24.
ZNGA stock opened at $3.83 on Wednesday. The company has a market cap of $3,328.73, a PE ratio of 127.71, a price-to-earnings-growth ratio of 2.78 and a beta of 0.52. Zynga has a one year low of $2.71 and a one year high of $4.34.
Zynga (NASDAQ:ZNGA) last announced its quarterly earnings results on Wednesday, February 7th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). The business had revenue of $233.30 million for the quarter, compared to the consensus estimate of $218.64 million. Zynga had a return on equity of 1.66% and a net margin of 3.09%. The firm’s revenue for the quarter was up 22.5% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.04) EPS. equities analysts forecast that Zynga will post 0.06 earnings per share for the current fiscal year.
In other news, Director Ellen F. Siminoff sold 12,000 shares of Zynga stock in a transaction that occurred on Thursday, December 28th. The shares were sold at an average price of $3.97, for a total value of $47,640.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Matthew S. Bromberg sold 50,000 shares of Zynga stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of $3.95, for a total transaction 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 268,000 shares of company stock valued at $1,051,000. Corporate insiders own 12.43% of the company’s stock.
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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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