Zynga VP Sells $13,867 in Stock (ZNGA)
Zynga (NASDAQ:ZNGA) VP Devang Shah sold 3,758 shares of the stock on the open market in a transaction dated Thursday, January 16th. The shares were sold at an average price of $3.69, for a total value of $13,867.02. Following the transaction, the vice president now directly owns 75,747 shares of the company’s stock, valued at approximately $279,506. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of Zynga (NASDAQ:ZNGA) traded up 0.28% on Friday, hitting $3.55. The stock had a trading volume of 19,401,310 shares. 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 $4.05 and its 200-day moving average is $3.55. The company’s market cap is $2.895 billion. Zynga also was the target of some unusual options trading on Thursday. Investors bought 102,556 call options on the stock. This is an increase of approximately 452% compared to the average volume of 18,567 call options.
A number of analysts have recently weighed in on ZNGA shares. Analysts at UBS AG downgraded shares of Zynga from a “hold” rating to a “sell” rating in a research note to investors on Thursday. They now have a $3.54 price target on the stock, down previously from $4.03. Separately, analysts at Sterne Agee cut their EPS estimates on shares of Zynga in a research note on Thursday. They now have a “neutral” rating on the stock. Finally, 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. Six equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has given a buy rating to the stock. Zynga presently has a consensus rating of “Hold” and an average target price of $3.82.
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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