Zynga Inc (ZNGA) Director Sells $47,640.00 in Stock
Zynga Inc (NASDAQ:ZNGA) Director Ellen F. Siminoff sold 12,000 shares of the firm’s stock in a transaction on Friday, December 28th. The stock was sold at an average price of $3.97, for a total value of $47,640.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Ellen F. Siminoff also recently made the following trade(s):
- On Thursday, December 28th, Ellen F. Siminoff sold 12,000 shares of Zynga stock. The stock was sold at an average price of $3.97, for a total value of $47,640.00.
Shares of Zynga Inc (NASDAQ ZNGA) opened at $4.02 on Thursday. The company has a market capitalization of $3,500.00, a price-to-earnings ratio of -134.00, a PEG ratio of 2.94 and a beta of 0.76. Zynga Inc has a 12-month low of $2.40 and a 12-month high of $4.34.
Zynga (NASDAQ:ZNGA) last released its quarterly earnings data on Tuesday, November 7th. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. The firm had revenue of $224.60 million during the quarter, compared to analysts’ expectations of $211.98 million. Zynga had a negative return on equity of 1.37% and a negative net margin of 2.65%. The business’s revenue for the quarter was up 23.1% on a year-over-year basis. During the same quarter last year, the firm earned ($0.05) earnings per share. equities research analysts predict that Zynga Inc will post 0.02 earnings per share for the current fiscal year.
Several equities research analysts have recently weighed in on ZNGA shares. Wedbush set a $5.00 price objective on Zynga and gave the stock a “buy” rating in a research note on Wednesday, October 18th. Cowen reissued a “buy” rating and set a $4.50 price objective on shares of Zynga in a research note on Thursday, October 12th. Goldman Sachs Group started coverage on Zynga in a research note on Friday, September 8th. They set a “neutral” rating and a $3.90 price objective for the company. Zacks Investment Research raised Zynga from a “hold” rating to a “strong-buy” rating and set a $4.50 price objective for the company in a research note on Saturday, November 11th. Finally, BidaskClub cut Zynga from a “buy” rating to a “hold” rating in a research report on Wednesday, December 6th. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Zynga presently has an average rating of “Buy” and an average price target of $4.14.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. AXA boosted its position in Zynga by 20.7% during the third quarter. AXA now owns 2,122,900 shares of the company’s stock valued at $8,025,000 after purchasing an additional 364,300 shares during the last quarter. California Public Employees Retirement System boosted its position in Zynga by 2.0% during the third quarter. California Public Employees Retirement System now owns 1,932,268 shares of the company’s stock valued at $7,304,000 after purchasing an additional 37,768 shares during the last quarter. Cubist Systematic Strategies LLC boosted its position in Zynga by 40.0% during the third quarter. Cubist Systematic Strategies LLC now owns 287,243 shares of the company’s stock valued at $1,086,000 after purchasing an additional 82,031 shares during the last quarter. Point72 Asset Management L.P. boosted its position in Zynga by 83.9% during the third quarter. Point72 Asset Management L.P. now owns 2,881,437 shares of the company’s stock valued at $10,892,000 after purchasing an additional 1,314,237 shares during the last quarter. Finally, Janus Henderson Group PLC acquired a new stake in Zynga during the third quarter valued at $5,461,000. 70.45% of the stock is owned by hedge funds and other institutional investors.
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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