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

ZNGA has been the subject of a number of other research reports. Zacks Investment Research lowered Zynga from a “buy” rating to a “hold” rating in a research report on Tuesday, November 6th. ValuEngine upgraded Zynga from a “hold” rating to a “buy” rating in a research report on Wednesday, October 3rd. Wedbush set a $6.00 price target on Zynga and gave the stock a “buy” rating in a research report on Thursday, November 1st. Jefferies Financial Group restated a “buy” rating and issued a $5.25 price objective on shares of Zynga in a report on Thursday, October 11th. Finally, Barclays set a $3.40 price objective on Zynga and gave the company an “underweight” rating in a report on Thursday, November 1st. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company’s stock. Zynga has an average rating of “Buy” and an average target price of $4.85.

Shares of ZNGA stock opened at $3.60 on Friday. Zynga has a 1 year low of $3.20 and a 1 year high of $4.57. The firm has a market cap of $3.06 billion, a price-to-earnings ratio of 120.00, a price-to-earnings-growth ratio of 1.69 and a beta of 0.33.

Zynga (NASDAQ:ZNGA) last announced its quarterly earnings results on Wednesday, October 31st. The company reported $0.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.01. Zynga had a return on equity of 1.89% and a net margin of 3.12%. The company had revenue of $233.24 million during the quarter, compared to analyst estimates of $224.54 million. During the same quarter in the previous year, the firm posted $0.02 EPS. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. Sell-side analysts expect that Zynga will post 0.09 earnings per share for the current fiscal year.

In other news, COO Matthew S. Bromberg sold 8,000 shares of the company’s stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $3.56, for a total value of $28,480.00. Following the completion of the sale, the chief operating officer now owns 548,794 shares in the company, valued at $1,953,706.64. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Ellen F. Siminoff sold 12,000 shares of the company’s stock in a transaction on Monday, September 24th. The shares were sold at an average price of $3.90, for a total value of $46,800.00. Following the completion of the sale, the director now owns 201,277 shares of the company’s stock, valued at approximately $784,980.30. The disclosure for this sale can be found here. In the last 90 days, insiders sold 584,322 shares of company stock valued at $2,201,476. Insiders own 11.87% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Acadian Asset Management LLC acquired a new stake in shares of Zynga during the second quarter worth $254,000. BNP Paribas Arbitrage SA raised its position in shares of Zynga by 99.7% during the second quarter. BNP Paribas Arbitrage SA now owns 46,102 shares of the company’s stock worth $188,000 after purchasing an additional 23,017 shares during the period. TD Asset Management Inc. raised its position in shares of Zynga by 11.8% during the second quarter. TD Asset Management Inc. now owns 399,400 shares of the company’s stock worth $1,626,000 after purchasing an additional 42,200 shares during the period. Sei Investments Co. raised its position in shares of Zynga by 14.7% during the second quarter. Sei Investments Co. now owns 897,637 shares of the company’s stock worth $3,653,000 after purchasing an additional 115,376 shares during the period. Finally, State Board of Administration of Florida Retirement System raised its position in shares of Zynga by 2.2% during the second quarter. State Board of Administration of Florida Retirement System now owns 953,264 shares of the company’s stock worth $3,880,000 after purchasing an additional 20,290 shares during the period. Institutional investors and hedge funds own 78.92% of the company’s stock.

About Zynga

Zynga, Inc provides social game services. It develops, markets and operates social games as live services played on mobile platforms such as Apple’s iOS operating system and Google’s Android operating system, and social networking sites such as Facebook. It offers Chess with Friends, Crazy Cake Swap, Draw Something, FarmVille, Gems With Friends, Ice Age: Arctic Blast, Looney Tunes Dash, Speed Guess Something, What’s The Phrase, Wizard of Oz Magic Match, Yummy Gummy, Free Slots, Black Diamond Casino, Hit It Rich, Zynga Poker and Willy Wonka Slots.

Further Reading: Bond

Analyst Recommendations for Zynga (NASDAQ:ZNGA)

Receive News & Ratings for Zynga Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zynga and related companies with MarketBeat.com's FREE daily email newsletter.