Zynga Inc (NASDAQ:ZNGA) COO Matthew S. Bromberg sold 41,500 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $6.30, for a total value of $261,450.00. Following the completion of the transaction, the chief operating officer now owns 659,146 shares of the company’s stock, valued at approximately $4,152,619.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Shares of ZNGA opened at $6.30 on Friday. The firm has a 50 day simple moving average of $6.20. Zynga Inc has a 52-week low of $3.32 and a 52-week high of $6.55. The firm has a market cap of $5.88 billion, a price-to-earnings ratio of 315.00, a price-to-earnings-growth ratio of 3.18 and a beta of 0.28. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.71 and a current ratio of 0.71.
Zynga (NASDAQ:ZNGA) last announced its earnings results on Wednesday, May 1st. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.17). The business had revenue of $265.00 million during the quarter, compared to analyst estimates of $255.45 million. Zynga had a negative net margin of 12.34% and a negative return on equity of 7.09%. The business’s revenue for the quarter was up 27.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.01 earnings per share. On average, analysts anticipate that Zynga Inc will post 0.13 earnings per share for the current year.
A number of equities analysts have weighed in on the company. Stephens assumed coverage on Genuine Parts in a report on Thursday, May 30th. They issued an “overweight” rating and a $114.00 price target for the company. BidaskClub cut Zynga from a “buy” rating to a “hold” rating in a report on Tuesday, June 18th. Robert W. Baird upgraded Zynga from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $5.00 to $8.00 in a report on Thursday, May 2nd. Bank of America set a $54.00 price target on Fortis and gave the stock a “buy” rating in a report on Thursday, May 2nd. Finally, Barclays upped their price target on Black Knight from $56.00 to $66.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $6.72.
Hedge funds have recently bought and sold shares of the stock. Cornerstone Advisors Inc. acquired a new stake in shares of Zynga during the 2nd quarter valued at approximately $35,000. Suntrust Banks Inc. acquired a new stake in shares of Zynga during the 4th quarter valued at approximately $48,000. Buckingham Asset Management LLC acquired a new stake in shares of Zynga during the 1st quarter valued at approximately $61,000. Marathon Trading Investment Management LLC acquired a new stake in shares of Zynga during the 1st quarter valued at approximately $67,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Zynga during the 1st quarter valued at approximately $85,000. 73.34% of the stock is currently owned by institutional investors and hedge funds.
Zynga Inc develops, markets, and operates social games as live services in the United States and internationally. The company's games are played on mobile platforms, such as Apple iOS and Google's Android operating systems, as well as on social networking sites, such as Facebook. It also provides advertising services comprising mobile and display ads, engagement ads and offers, and branded virtual items and sponsorships to advertising agencies and brokers; and licenses its own brands.
Further Reading: Diluted Earnings Per Share
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.