Wall Street brokerages forecast that Zynga Inc (NASDAQ:ZNGA) will report sales of $250.06 million for the current quarter, according to Zacks. Six analysts have provided estimates for Zynga’s earnings, with the highest sales estimate coming in at $252.50 million and the lowest estimate coming in at $248.30 million. Zynga posted sales of $213.49 million in the same quarter last year, which suggests a positive year-over-year growth rate of 17.1%. The company is expected to issue its next earnings results on Tuesday, November 6th.

According to Zacks, analysts expect that Zynga will report full-year sales of $971.81 million for the current fiscal year, with estimates ranging from $962.93 million to $978.10 million. For the next fiscal year, analysts anticipate that the company will report sales of $1.11 billion per share, with estimates ranging from $1.07 billion to $1.17 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Zynga.

Zynga (NASDAQ:ZNGA) last released its quarterly earnings data on Wednesday, August 1st. The company reported $0.00 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.03). Zynga had a return on equity of 2.37% and a net margin of 4.04%. The business had revenue of $217.05 million during the quarter, compared to analysts’ expectations of $212.62 million. During the same quarter last year, the business posted $0.01 EPS. The company’s quarterly revenue was up 3.7% compared to the same quarter last year.

Several equities research analysts have weighed in on ZNGA shares. BidaskClub cut Zynga from a “hold” rating to a “sell” rating in a report on Friday, July 27th. Barclays started coverage on Zynga in a report on Thursday, August 9th. They issued an “underweight” rating and a $3.70 price objective for the company. Wedbush set a $6.00 price objective on Zynga and gave the stock a “buy” rating in a report on Thursday, July 26th. Credit Suisse Group increased their price objective on Zynga from $4.00 to $4.90 and gave the stock an “underperform” rating in a report on Thursday, August 2nd. Finally, Morgan Stanley increased their price objective on Zynga from $4.50 to $4.70 and gave the stock an “overweight” rating in a report on Wednesday, July 11th. Four research analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $4.67.

In other news, COO Matthew S. Bromberg sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 18th. The stock was sold at an average price of $4.26, for a total value of $85,200.00. Following the completion of the transaction, the chief operating officer now owns 389,945 shares in the company, valued at approximately $1,661,165.70. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Ellen F. Siminoff sold 12,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 24th. The shares were sold at an average price of $4.20, for a total value of $50,400.00. Following the completion of the transaction, the director now owns 210,743 shares of the company’s stock, valued at approximately $885,120.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 44,000 shares of company stock valued at $184,800. 11.87% of the stock is currently owned by company insiders.

A number of hedge funds have recently bought and sold shares of ZNGA. Macquarie Group Ltd. bought a new position in Zynga during the 2nd quarter valued at approximately $117,000. Dynasty Wealth Management LLC bought a new position in Zynga during the 2nd quarter valued at approximately $126,000. NumerixS Investment Technologies Inc bought a new position in Zynga during the 2nd quarter valued at approximately $154,000. BNP Paribas Arbitrage SA increased its position in Zynga by 99.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 46,102 shares of the company’s stock valued at $188,000 after buying an additional 23,017 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new position in Zynga during the 2nd quarter valued at approximately $254,000. 71.54% of the stock is owned by institutional investors.

NASDAQ ZNGA traded up $0.01 on Wednesday, hitting $3.94. The company’s stock had a trading volume of 8,195,581 shares, compared to its average volume of 11,953,945. Zynga has a 52-week low of $3.20 and a 52-week high of $4.57. The stock has a market cap of $3.47 billion, a P/E ratio of 131.33, a price-to-earnings-growth ratio of 2.43 and a beta of 0.39.

About Zynga

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 iOS and Android operating systems, as well as on social networking sites, including Facebook. It also provides advertising services comprising mobile and display ads, engagement ads and offers, and branded virtual goods and sponsorships to advertising agencies and brokers; and software licensing and maintenance services related to NaturalMotion technology, as well as licenses its own brands.

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