What are Research Firms Saying About Zynga Inc. (NASDAQ:ZNGA)?

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06 June, 2017

Clinton Group Inc. now owns 61,082 shares of the company's stock valued at $174,000 after buying an additional 423 shares in the last quarter. They now have a United States dollars 3.65 price target on the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Zynga Inc. (NASDAQ:ZNGA) most recently posted actual quarterly EPS of $-0.01 compared to the Zacks Research consensus estimate of $-0.01. The company's stock had a trading volume of 17,037,142 shares.

Shares of Zynga (NASDAQ:ZNGA) opened at 3.63 on Monday.

Frontier Communications Corporation (FTR)'s distance from 200 day simple moving average is -59.29 percent, its distance from 50 day simple moving average is -25.08 percent, while its distance from 20 day simple moving average is -4.31 percent. The firm's market capitalization is $3.12 billion. Zynga also was the target of unusually large options trading activity on Friday.

The stock of Zynga Inc (NASDAQ:ZNGA) earned "Perform" rating by Oppenheimer on Thursday, November 12. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.01). The business had revenue of $194.30 million for the quarter, compared to analysts' expectations of $188.14 million. The company's quarterly revenue was up 4.1% compared to the same quarter past year. Legal & General Group Inc Public Limited Com owns 0% invested in Zynga Inc (NASDAQ:ZNGA) for 80,197 shares.

TRADEMARK VIOLATION NOTICE: "Zynga's (ZNGA) "Buy" Rating Reiterated at Mizuho" was originally reported by Stock Observer and is owned by of Stock Observer. If you are viewing this news story on another publication, it was illegally stolen and republished in violation of USA & worldwide copyright law.

In other Zynga news, Director William B. Gordon sold 1,232,373 shares of the firm's stock in a transaction on Friday, May 26th.

Zynga Inc. (ZNGA) reported sales (ttm) of 749 Million, whereas, 13 number of analysts estimated the mean sale of 206.37 million. Jefferies Group LLC reaffirmed a "buy" rating and set a $5.00 price target on shares of Zynga in a research report on Monday, May 15th. The mean target of $3.43 should be compared with the price when the stock was languishing around $2.27 a share. Cowen and Company restated an "outperform" rating and set a $4.25 price target (up previously from $3.50) on shares of Zynga in a research report on Saturday. Tracking most recent quarter period, Price to book (P/B) ration is at 0.88 and Price to cash per share ration is at 1.47. Piper Jaffray Companies upgraded shares of Zynga from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $2.27 to $4.00 in a report on Tuesday.

Among 6 analysts covering Enerplus Corp (NYSE:ERF), 6 have Buy rating, 0 Sell and 0 Hold.

Additionally on 5/05/17 Bank of America "Upgrades" Zynga Inc Cl A Cmn (NASDAQ:ZNGA) to Neutral setting price target at $0 and on 4/26/17 Pacific Crest "Reinstates" the stock to Sector Weight at $0. GSA Capital Partners LLP increased its position in shares of Zynga by 132.3% in the fourth quarter.

On the other hand the company has Relative Strength Index (RSI 14) of 69.19 along with Average True Range (ATR 14) of 0.13, Consequently Zynga Inc Cl A Cmn (NASDAQ:ZNGA)'s weekly and monthly volatility is 3.72%, 4.01% respectively. Inc. now owns 3,036,999 shares of the company's stock worth $8,837,000 after buying an additional 339,909 shares in the last quarter. Highline Capital Management L.P. purchased a new stake in Zynga during the third quarter worth approximately $34,687,000. Following the completion of the sale, the director now owns 832,603 shares of the company's stock, valued at $2,914,110.50. The stock appeared $3.65 above its 52-week highs and is up 4.01% for the last five trades. The disclosure for this sale can be found here. Nationwide Fund Advisors now owns 311,912 shares of the company's stock worth $889,000 after buying an additional 103,210 shares in the last quarter.

Zynga Inc is a provider of social game services. Blackrock Japan Company has 0% invested in Zynga Inc (NASDAQ:ZNGA) for 15,200 shares. 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.


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