Stock Traders Purchase Large Volume of Zynga Put Options (ZNGA)
Zynga (NASDAQ:ZNGA) saw unusually large options trading on Monday. Stock investors bought 22,927 put options on the stock, AnalystRatingsNetwork reports. This represents an increase of approximately 228% compared to the average daily volume of 6,987 put options.
A number of analysts have recently weighed in on ZNGA shares. Analysts at Zacks downgraded shares of Zynga from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, December 25th. They now have a $4.90 price target on the stock. Finally, analysts at Wedbush raised their price target on shares of Zynga from $4.25 to $5.00 in a research note to investors on Friday, October 25th. They now have an “outperform” rating on the stock. Five research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has assigned a buy rating to the stock. Zynga currently has a consensus rating of “Hold” and an average price target of $3.85.
Shares of Zynga (NASDAQ:ZNGA) opened at 4.03 on Tuesday. Zynga has a 52-week low of $2.40 and a 52-week high of $4.55. The stock’s 50-day moving average is $4.10 and its 200-day moving average is $3.5. The company’s market cap is $3.287 billion.
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.