24 July, 2017
(NASDAQ:ZNGA) by 11.7% during the first quarter, according to its most recent disclosure with the SEC.
Dnb Asset Management As decreased Zynga Inc (ZNGA) stake by 19.1% reported in 2016Q4 SEC filing.
Several other large investors also recently added to or reduced their stakes in ZNGA. Finally, Jefferies Group LLC restated a "buy" rating and issued a $5.00 price objective on shares of Zynga in a research note on Monday, May 15th. Bank of New York Mellon Corp now owns 2,542,644 shares of the company's stock valued at $7,247,000 after buying an additional 87,300 shares during the period. Engineers Gate Manager LP bought a new position in Zynga during the first quarter worth approximately $1,005,000. GSA Capital Partners LLP now owns 57,935 shares of the company's stock worth $149,000 after buying an additional 32,994 shares during the last quarter. Cowen and Company restated an "outperform" rating and set a $4.25 price objective (up from $3.50) on shares of Zynga in a research report on Saturday, June 3rd. Ameriprise Financial Inc. now owns 5,597,056 shares of the company's stock worth $15,951,000 after buying an additional 3,031,440 shares during the last quarter.
The total number of shares percentage held by insiders is about 7.67% while the number of Shares % held by institutions is 66.3%.
Wall Street analysts are predicting that Zynga Inc Cl A Cmn (NASDAQ:ZNGA) will report earnings per share of $0.02 in their quarterly report. Zynga Inc (NASDAQ:ZNGA) has risen 35.83% since July 17, 2016 and is uptrending. The firm's price-to-sales ratio was noted 1.91 in contrast with an overall industry average of 0.81. The stock now has a Market Cap of $3.15B.
Previously Zynga Inc Cl A Cmn (NASDAQ:ZNGA) reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.01 with surprise factor of 100%. Zynga had a negative net margin of 12.16% and a negative return on equity of 5.25%.
Zynga Inc Cl A Cmn (NASDAQ:ZNGA) has average revenue estimates of $206.82 Million, compared to low analyst estimates of $204.18 Million and high estimates of $211.91 Million for the current quarter. Zynga's quarterly revenue was up 4.1% on a year-over-year basis.
On the other hand Zynga Inc Cl A Cmn (NASDAQ:ZNGA) has Relative Strength Index (RSI 14) of 59.65 along with Average True Range (ATR 14) of 0.11. If you are accessing this report on another website, it was copied illegally and republished in violation of USA and global copyright and trademark law. The legal version of this piece can be accessed at https://www.themarketsdaily.com/2017/07/21/pnc-financial-services-group-inc-has-205000-stake-in-zynga-inc-znga.html. Morgan Stanley raised shares of Zynga from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $3.00 to $4.50 in a report on Thursday, June 8th.
COPYRIGHT VIOLATION NOTICE: "Zynga Inc". Zacks Investment Research cut shares of Zynga from a "buy" rating to a "hold" rating in a research report on Friday, July 7th. Benchmark Co. reaffirmed a "buy" rating and set a $3.65 target price on shares of Zynga in a report on Friday, May 5th.
Price/Earnings to growth ratio for the company is 1.39 and the stock shows its Price/Sales (ttm) of 4.32 and Price/Book for the most recent quarter of 2.08. The stock now has a consensus rating of "Buy" and an average target price of $3.91.
Director, GORDON WILLIAM B, sold 549,637 common shares of Zynga Inc. 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The company's shares were given away at $3.56 per share worth to an income of some $42,720 on account of Siminoff Ellen F. The shares were sold at an average price of $3.52, for a total value of $1,934,722.24. These shares are worth $43,680 and were traded at $3.64 each. Company insiders own 12.43% of the company's stock.
The stock of Zynga Inc (NASDAQ:ZNGA) has "Underperform" rating given on Monday, August 10 by Bank of America. The Firm develops, markets and operates social games as live services played on mobile platforms, such as iPhone Operating System operating system and Android operating system and social networking sites, such as Facebook. The Firm has developed a range of social games, including games in its Slots, Words With Friends, Zynga Poker and FarmVille franchises.
