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

  • 8/9/2017 – Zynga had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $4.35 price target on the stock, up previously from $3.65.
  • 8/9/2017 – Zynga had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $4.65 price target on the stock, up previously from $4.25.
  • 8/3/2017 – Zynga had its “outperform” rating reaffirmed by analysts at Cowen and Company. They now have a $4.50 price target on the stock.
  • 8/3/2017 – Zynga had its price target raised by analysts at Wedbush from $4.25 to $4.65. They now have an “outperform” rating on the stock.
  • 8/3/2017 – Zynga was given a new $4.00 price target on by analysts at Piper Jaffray Companies. They now have a “buy” rating on the stock.
  • 8/3/2017 – Zynga had its price target raised by analysts at Canaccord Genuity from $3.00 to $3.50. They now have a “hold” rating on the stock.
  • 8/2/2017 – Zynga was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/31/2017 – Zynga had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $4.65 price target on the stock, up previously from $4.25.
  • 7/22/2017 – Zynga had its “overweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $3.70 price target on the stock.
  • 7/7/2017 – Zynga was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Zynga Inc. is the world’s largest social game developer with users playing their games which include CityVille, FarmVille, FrontierVille, Words With Friends, Mafia Wars, Zynga Poker, Cafe World, and Treasure Isle. Zynga Inc. games are available on a number of global platforms including Facebook, MySpace, Yahoo, the iPad, the iPhone and Android devices. They operate their games as live services, by which they mean that they continue to support and update games after launch and gather daily, metrics-based player feedback that enable them to continually enhance their games by adding new content and features. All of their games are free to play, and they generate revenue through the in-game sale of virtual goods and advertising. “
  • 6/23/2017 – Zynga had its price target raised by analysts at Cowen and Company from $4.25 to $4.50. They now have an “outperform” rating on the stock.

Shares of Zynga Inc. (ZNGA) opened at 3.76 on Thursday. The stock has a 50 day moving average price of $3.66 and a 200-day moving average price of $3.15. Zynga Inc. has a 1-year low of $2.40 and a 1-year high of $3.86. The company’s market cap is $3.25 billion.

Zynga (NASDAQ:ZNGA) last issued its quarterly earnings data on Wednesday, August 2nd. The company reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.02 by $0.01. The firm had revenue of $209.20 million for the quarter, compared to analysts’ expectations of $201.64 million. Zynga had a negative net margin of 10.50% and a negative return on equity of 3.83%. The business’s revenue for the quarter was up 15.1% compared to the same quarter last year. Equities research analysts forecast that Zynga Inc. will post $0.10 earnings per share for the current year.

In other news, Director William B. Gordon sold 549,637 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $3.52, for a total transaction of $1,934,722.24. Following the completion of the transaction, the director now owns 832,603 shares in the company, valued at $2,930,762.56. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director William B. Gordon sold 1,232,373 shares of the firm’s stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $3.50, for a total value of $4,313,305.50. Following the transaction, the director now owns 832,603 shares of the company’s stock, valued at approximately $2,914,110.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,818,010 shares of company stock valued at $6,377,868. Company insiders own 12.43% of the company’s stock.

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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