Zynga EVP Reginald Davis Sells 19,899 Shares (ZNGA)
Zynga (NASDAQ:ZNGA) EVP Reginald Davis sold 19,899 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $3.57, for a total transaction of $71,039.43. Following the sale, the executive vice president now directly owns 37,957 shares in the company, valued at approximately $135,506. The sale was disclosed in a filing with the SEC, which is available at this link.
Zynga (NASDAQ:ZNGA) traded down 0.28% on Thursday, hitting $3.58. 32,042,808 shares of the company’s stock traded hands. Zynga has a one year low of $2.09 and a one year high of $4.03. The stock’s 50-day moving average is $3.36 and its 200-day moving average is $3.20. The company’s market cap is $2.880 billion.
Zynga (NASDAQ:ZNGA) last released its earnings data on Thursday, July 25th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.03. The company had revenue of $230.70 million for the quarter, compared to the consensus estimate of $224.30 million. During the same quarter in the previous year, the company posted $0.01 earnings per share. The company’s revenue for the quarter was down 30.6% on a year-over-year basis. On average, analysts predict that Zynga will post $-0.07 earnings per share for the current fiscal year.
A number of research firms have recently commented on ZNGA. Analysts at Evercore Partners upgraded shares of Zynga from an “underweight” rating to an “equal weight” rating in a research note to investors on Thursday, September 12th. They now have a $3.00 price target on the stock. Separately, analysts at Barclays initiated coverage on shares of Zynga in a research note to investors on Friday, September 6th. They set an “equal weight” rating on the stock. Finally, analysts at Benchmark Co. initiated coverage on shares of Zynga in a research note to investors on Thursday, August 22nd. They set a “hold” rating and a $2.98 price target on the stock. Five equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $3.40.
Zynga Inc (NASDAQ:ZNGA), is a provider of social game services with 240 million average monthly active users over 175 countries.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.