Shares of Zynga Inc. (NASDAQ:ZNGA) have earned a consensus recommendation of “Hold” from the fifteen brokerages that are presently covering the company. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $3.33.
A number of equities research analysts have weighed in on ZNGA shares. Cowen and Company raised Zynga from a “market perform” rating to an “outperform” rating and set a $3.50 target price for the company in a research report on Wednesday, August 3rd. Jefferies Group reaffirmed a “buy” rating and set a $5.00 target price on shares of Zynga in a research report on Friday, August 5th. Pacific Crest reaffirmed a “hold” rating on shares of Zynga in a research report on Friday, August 5th. Robert W. Baird reaffirmed a “neutral” rating and set a $3.00 target price on shares of Zynga in a research report on Saturday, August 6th. Finally, Wedbush reaffirmed a “buy” rating and set a $4.25 target price on shares of Zynga in a research report on Sunday, September 11th.
In other Zynga news, SVP Devang Shah sold 40,821 shares of the business’s stock in a transaction dated Tuesday, October 18th. The stock was sold at an average price of $2.81, for a total transaction of $114,707.01. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 16.60% of the company’s stock.
A number of hedge funds have recently bought and sold shares of ZNGA. Acadian Asset Management LLC purchased a new stake in Zynga during the third quarter valued at $105,000. Penserra Capital Management LLC increased its stake in Zynga by 3.5% in the second quarter. Penserra Capital Management LLC now owns 49,442 shares of the company’s stock valued at $123,000 after buying an additional 1,656 shares during the last quarter. Sterling Capital Management LLC purchased a new stake in Zynga during the second quarter valued at $124,000. Jefferies Group LLC purchased a new stake in Zynga during the second quarter valued at $130,000. Finally, Point72 Asia Hong Kong Ltd purchased a new stake in Zynga during the second quarter valued at $160,000. Institutional investors and hedge funds own 60.60% of the company’s stock.
Zynga (NASDAQ:ZNGA) traded down 1.04% during midday trading on Monday, hitting $2.85. The company had a trading volume of 1,410,958 shares. Zynga has a 52 week low of $1.78 and a 52 week high of $3.04. The stock has a 50 day moving average price of $2.84 and a 200-day moving average price of $2.74.
Zynga (NASDAQ:ZNGA) last posted its quarterly earnings data on Wednesday, November 2nd. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.01 by $0.06. Zynga had a negative net margin of 16.24% and a negative return on equity of 4.89%. The business had revenue of $182.40 million for the quarter, compared to analysts’ expectations of $187.23 million. The business’s quarterly revenue was down 6.8% on a year-over-year basis. Equities analysts expect that Zynga will post $0.03 EPS for the current year.