Sterne Agee Lowers Zynga EPS Estimates (ZNGA)
Investment analysts at Sterne Agee lowered their earnings per share estimates on shares of Zynga (NASDAQ:ZNGA) in a note issued to investors on Thursday, Analyst Ratings Network reports. The firm currently has a “neutral” rating on the company’s shares.
A number of other firms have also recently commented on ZNGA. 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 analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has given a buy rating to the company. Zynga has a consensus rating of “Hold” and a consensus target price of $3.85.
Shares of Zynga (NASDAQ:ZNGA) opened at 4.03 on Thursday. 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 $4.07 and its 200-day moving average is $3.55. The company’s market cap is $3.287 billion. Zynga also was the target of some unusual options trading on Monday. Stock investors purchased 22,927 put options on the stock. This is an increase of approximately 228% compared to the average daily volume of 6,987 put options.
Zynga Inc (NASDAQ:ZNGA), is a provider of social game services with 240 million average monthly active users over 175 countries.
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