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Shares of Zynga (NASDAQ:ZNGA) saw unusually large options trading on Friday. Traders acquired 69,887 put options on the company, AmericanBankingNews.com reports. This is an increase of 347% compared to the average daily volume of 15,650 put options.

Several analysts have recently commented on the stock. Analysts at Morgan Stanley upgraded shares of Zynga from a “sell” rating to a “neutral” rating in a research note to investors on Friday. They now have a $4.25 price target on the stock. Separately, analysts at Benchmark Co. raised their price target on shares of Zynga to $3.54 in a research note to investors on Friday. They now have a “hold” rating on the stock. Finally, analysts at Wedbush raised their price target on shares of Zynga to $6.00 in a research note to investors on Friday. Four research analysts have rated the stock with a sell rating and twelve have assigned a hold rating to the company. Zynga presently has an average rating of “Hold” and a consensus price target of $4.17.

Shares of Zynga (NASDAQ:ZNGA) traded up 23.60% during mid-day trading on Friday, hitting $4.40. The stock had a trading volume of 170,183,680 shares. Zynga has a 1-year low of $2.50 and a 1-year high of $4.55. The stock’s 50-day moving average is $3. and its 200-day moving average is $3.56. The company’s market cap is $3.588 billion.

Zynga (NASDAQ:ZNGA) last announced its earnings results on Thursday, January 30th. The company reported ($0.03) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.04) by $0.01. The company had revenue of $176.36 million for the quarter, compared to the consensus estimate of $141.07 million. Analysts expect that Zynga will post $-0.04 EPS for the current fiscal year.

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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