Zynga (ZNGA) Short Interest Up 20.5% in February

Zynga (NASDAQ:ZNGA) was the recipient of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 9,773,911 shares, an increase of 20.5% from the February 15th total of 8,112,243 shares. Currently, 1.4% of the shares of the stock are short sold. Based on an average daily volume of 9,296,841 shares, the days-to-cover ratio is currently 1.1 days.

Several research firms have weighed in on ZNGA. BidaskClub raised Zynga from a “hold” rating to a “buy” rating in a research report on Friday, March 23rd. Zacks Investment Research downgraded Zynga from a “hold” rating to a “sell” rating in a research report on Tuesday, February 13th. Jefferies Group reissued a “buy” rating and set a $5.00 price target on shares of Zynga in a research report on Sunday, February 11th. Credit Suisse Group raised their price target on Zynga from $3.80 to $4.00 and gave the stock an “underperform” rating in a research report on Thursday, February 8th. Finally, Wedbush set a $6.00 price target on Zynga and gave the stock a “buy” rating in a research report on Thursday, February 8th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company’s stock. Zynga currently has an average rating of “Hold” and a consensus target price of $4.24.

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In related news, COO Matthew S. Bromberg sold 20,000 shares of Zynga stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $3.92, for a total transaction of $78,400.00. Following the completion of the transaction, the chief operating officer now directly owns 274,206 shares of the company’s stock, valued at $1,074,887.52. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Ellen F. Siminoff sold 12,000 shares of Zynga stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $3.74, for a total value of $44,880.00. Following the transaction, the director now directly owns 247,900 shares of the company’s stock, valued at $927,146. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 56,000 shares of company stock valued at $212,320. 11.87% of the stock is currently owned by insiders.

Several large investors have recently made changes to their positions in the company. OppenheimerFunds Inc. grew its position in shares of Zynga by 111.8% in the fourth quarter. OppenheimerFunds Inc. now owns 20,071,799 shares of the company’s stock valued at $80,287,000 after purchasing an additional 10,596,901 shares during the period. First Trust Advisors LP boosted its holdings in Zynga by 17.1% in the fourth quarter. First Trust Advisors LP now owns 15,438,848 shares of the company’s stock valued at $61,755,000 after acquiring an additional 2,250,446 shares during the last quarter. Teachers Advisors LLC boosted its holdings in Zynga by 287.4% in the fourth quarter. Teachers Advisors LLC now owns 13,288,462 shares of the company’s stock valued at $53,154,000 after acquiring an additional 9,858,450 shares during the last quarter. American Century Companies Inc. boosted its holdings in Zynga by 40.7% in the fourth quarter. American Century Companies Inc. now owns 13,040,309 shares of the company’s stock valued at $52,161,000 after acquiring an additional 3,774,156 shares during the last quarter. Finally, Alyeska Investment Group L.P. boosted its holdings in Zynga by 453.4% in the third quarter. Alyeska Investment Group L.P. now owns 7,107,304 shares of the company’s stock valued at $26,866,000 after acquiring an additional 5,822,916 shares during the last quarter. 71.37% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ:ZNGA traded down $0.11 during midday trading on Monday, reaching $3.55. The company’s stock had a trading volume of 9,701,539 shares, compared to its average volume of 13,173,504. The company has a market cap of $3,189.31, a P/E ratio of 118.33, a P/E/G ratio of 2.67 and a beta of 0.48. Zynga has a 1 year low of $2.73 and a 1 year high of $4.34.

Zynga (NASDAQ:ZNGA) last announced its quarterly earnings data on Wednesday, February 7th. The company reported $0.01 EPS for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.02). The business had revenue of $233.30 million during the quarter, compared to analysts’ expectations of $218.64 million. Zynga had a net margin of 3.09% and a return on equity of 1.66%. Zynga’s revenue for the quarter was up 22.5% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.04) EPS. research analysts forecast that Zynga will post 0.06 earnings per share for the current year.

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Zynga Company Profile

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.

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