Zynga (NASDAQ:ZNGA) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

A number of other equities analysts have also commented on the stock. Cowen reiterated a “buy” rating and set a $4.50 price target on shares of Zynga in a report on Thursday, October 12th. Wedbush set a $5.00 price target on shares of Zynga and gave the stock a “buy” rating in a report on Wednesday, October 18th. Zacks Investment Research upgraded shares of Zynga from a “hold” rating to a “strong-buy” rating and set a $4.50 price target on the stock in a report on Saturday, November 11th. KeyCorp reiterated a “hold” rating on shares of Zynga in a report on Tuesday, October 17th. Finally, Consumer Edge started coverage on shares of Zynga in a report on Wednesday, January 3rd. They set an “overweight” rating and a $4.50 price target on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $4.14.

Shares of Zynga (NASDAQ:ZNGA) opened at $3.72 on Friday. The firm has a market cap of $3,240.00, a price-to-earnings ratio of -124.00, a price-to-earnings-growth ratio of 2.73 and a beta of 0.76. Zynga has a one year low of $2.40 and a one year high of $4.34.

Zynga (NASDAQ:ZNGA) last posted its earnings results on Tuesday, November 7th. The company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. The firm had revenue of $224.60 million for the quarter, compared to analysts’ expectations of $211.98 million. Zynga had a negative net margin of 2.65% and a negative return on equity of 1.37%. The company’s revenue was up 23.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.05) earnings per share. equities analysts predict that Zynga will post 0.02 earnings per share for the current fiscal year.

In other Zynga news, COO Matthew S. Bromberg sold 50,000 shares of Zynga stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $3.95, for a total value of $197,500.00. Following the completion of the sale, the chief operating officer now directly owns 294,206 shares of the company’s stock, valued at $1,162,113.70. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Ellen F. Siminoff sold 12,000 shares of Zynga stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $3.97, for a total transaction of $47,640.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 256,000 shares of company stock worth $1,009,000. 12.43% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Zynga by 0.3% in the second quarter. Vanguard Group Inc. now owns 60,801,279 shares of the company’s stock valued at $221,316,000 after purchasing an additional 164,384 shares in the last quarter. Renaissance Technologies LLC increased its stake in Zynga by 33.4% in the second quarter. Renaissance Technologies LLC now owns 23,009,600 shares of the company’s stock valued at $83,755,000 after purchasing an additional 5,759,000 shares in the last quarter. First Trust Advisors LP increased its stake in Zynga by 14.8% in the third quarter. First Trust Advisors LP now owns 13,188,402 shares of the company’s stock valued at $49,852,000 after purchasing an additional 1,697,862 shares in the last quarter. American Century Companies Inc. increased its stake in Zynga by 1.5% in the third quarter. American Century Companies Inc. now owns 9,266,153 shares of the company’s stock valued at $35,026,000 after purchasing an additional 140,368 shares in the last quarter. Finally, River & Mercantile Asset Management LLP increased its stake in Zynga by 126.3% in the third quarter. River & Mercantile Asset Management LLP now owns 7,707,049 shares of the company’s stock valued at $29,171,000 after purchasing an additional 4,301,645 shares in the last quarter. 70.46% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Zynga (NASDAQ:ZNGA)

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