Zynga Inc (NASDAQ:ZNGA) Director Ellen F. Siminoff sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $6.11, for a total transaction of $30,550.00. Following the completion of the transaction, the director now owns 229,092 shares of the company’s stock, valued at $1,399,752.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Zynga stock opened at $5.84 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.99 and a quick ratio of 1.99. The stock has a market cap of $5.69 billion, a price-to-earnings ratio of 292.00, a PEG ratio of 3.08 and a beta of 0.31. The firm’s 50-day moving average is $5.83 and its 200 day moving average is $5.89. Zynga Inc has a 1 year low of $3.32 and a 1 year high of $6.65.
Zynga (NASDAQ:ZNGA) last posted its earnings results on Wednesday, July 31st. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.09). The company had revenue of $306.50 million for the quarter, compared to the consensus estimate of $293.18 million. Zynga had a negative net margin of 16.50% and a negative return on equity of 10.42%. The business’s quarterly revenue was up 41.2% on a year-over-year basis. On average, equities analysts expect that Zynga Inc will post 0.13 EPS for the current fiscal year.
Several research analysts have commented on ZNGA shares. BidaskClub raised shares of Zynga from a “strong sell” rating to a “sell” rating in a research note on Tuesday. Wedbush reissued an “outperform” rating and set a $9.00 price target on shares of Zynga in a research note on Tuesday, August 27th. Bank of America lifted their price target on shares of Zynga from $6.60 to $6.70 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Jefferies Financial Group assumed coverage on shares of Zynga in a research note on Thursday, July 11th. They issued a “buy” rating and a $7.50 target price on the stock. Finally, Robert W. Baird set a $8.00 target price on shares of Zynga and gave the stock a “buy” rating in a research note on Thursday, August 29th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $6.96.
Institutional investors have recently added to or reduced their stakes in the stock. Machina Capital S.A.S. bought a new position in Zynga in the 2nd quarter worth approximately $27,000. Steward Partners Investment Advisory LLC bought a new position in shares of Zynga during the 2nd quarter valued at approximately $30,000. Atria Investments LLC bought a new position in shares of Zynga during the 2nd quarter valued at approximately $34,000. Cornerstone Advisors Inc. bought a new position in shares of Zynga during the 2nd quarter valued at approximately $35,000. Finally, Flagship Harbor Advisors LLC bought a new stake in Zynga in the second quarter worth $37,000. 71.37% of the stock is owned by institutional investors.
Zynga Inc develops, markets, and operates social games as live services in the United States and internationally. The company's games are played on mobile platforms, such as Apple iOS and Google's Android operating systems, as well as on social networking sites, such as Facebook. It also provides advertising services comprising mobile and display ads, engagement ads and offers, and branded virtual items and sponsorships to advertising agencies and brokers; and licenses its own brands.
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