Recent Investment Analysts’ Ratings Updates for Zynga (ZNGA)

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Several analysts have recently updated their ratings and price targets for Zynga (NASDAQ: ZNGA):

  • 5/2/2019 – Zynga had its price target raised by analysts at Piper Jaffray Companies from $6.00 to $7.25. They now have an “overweight” rating on the stock.
  • 5/2/2019 – Zynga had its price target raised by analysts at Wedbush from $6.40 to $7.50. They now have an “outperform” rating on the stock.
  • 5/2/2019 – Zynga was upgraded by analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating. They now have a $8.00 price target on the stock, up previously from $5.00.
  • 5/2/2019 – Zynga had its price target raised by analysts at Bank of America Corp from $5.50 to $6.50. They now have a “neutral” rating on the stock.
  • 5/2/2019 – Zynga was upgraded by analysts at Barclays PLC to a “hold” rating. They now have a $6.00 price target on the stock.
  • 5/2/2019 – Zynga had its price target raised by analysts at Stephens from $5.25 to $6.50. They now have an “equal weight” rating on the stock.
  • 5/2/2019 – Zynga had its price target raised by analysts at Jefferies Financial Group Inc from $5.75 to $7.00. They now have a “buy” rating on the stock.
  • 5/2/2019 – Zynga had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $8.00 price target on the stock, up previously from $5.00.
  • 4/29/2019 – Zynga had its price target raised by analysts at KeyCorp from $5.00 to $6.00. They now have an “overweight” rating on the stock.
  • 4/25/2019 – Zynga was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 4/18/2019 – Zynga was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 3/20/2019 – Zynga was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.

NASDAQ:ZNGA traded up $0.18 during mid-day trading on Friday, reaching $6.00. The stock had a trading volume of 1,425,903 shares, compared to its average volume of 15,067,812. Zynga Inc has a fifty-two week low of $3.32 and a fifty-two week high of $6.28. The company has a market capitalization of $5.24 billion, a P/E ratio of 300.00, a P/E/G ratio of 1.91 and a beta of 0.42.

Zynga (NASDAQ:ZNGA) last announced its quarterly earnings results on Wednesday, May 1st. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.17). Zynga had a net margin of 1.70% and a return on equity of 1.14%. The company had revenue of $265.00 million for the quarter, compared to analyst estimates of $255.45 million. During the same quarter last year, the business earned $0.01 EPS. The company’s revenue for the quarter was up 27.4% on a year-over-year basis. On average, equities analysts predict that Zynga Inc will post 0.13 earnings per share for the current year.

In other Zynga news, COO Matthew S. Bromberg sold 41,500 shares of the stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $4.99, for a total transaction of $207,085.00. Following the transaction, the chief operating officer now owns 595,818 shares in the company, valued at $2,973,131.82. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Mark J. Pincus sold 586,800 shares of the stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $5.22, for a total value of $3,063,096.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,095,503 shares of company stock worth $16,878,435. Corporate insiders own 9.40% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. AdvisorNet Financial Inc grew its stake in shares of Zynga by 18.0% in the fourth quarter. AdvisorNet Financial Inc now owns 14,060 shares of the company’s stock worth $55,000 after acquiring an additional 2,149 shares during the last quarter. First Hawaiian Bank grew its stake in shares of Zynga by 18.5% in the fourth quarter. First Hawaiian Bank now owns 18,240 shares of the company’s stock worth $72,000 after acquiring an additional 2,845 shares during the last quarter. State Board of Administration of Florida Retirement System grew its stake in shares of Zynga by 0.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 1,027,174 shares of the company’s stock worth $5,475,000 after acquiring an additional 3,010 shares during the last quarter. Bluefin Trading LLC grew its stake in shares of Zynga by 17.2% in the fourth quarter. Bluefin Trading LLC now owns 29,300 shares of the company’s stock worth $115,000 after acquiring an additional 4,300 shares during the last quarter. Finally, Private Advisor Group LLC grew its stake in shares of Zynga by 9.0% in the fourth quarter. Private Advisor Group LLC now owns 52,441 shares of the company’s stock worth $206,000 after acquiring an additional 4,326 shares during the last quarter. Institutional investors own 78.46% of the company’s stock.

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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