Zynga Sees Unusually High Options Volume (ZNGA)
Zynga (NASDAQ:ZNGA) saw some unusual options trading on Friday. Traders purchased 143,533 call options on the company, AmericanBankingNews.com reports. This represents an increase of approximately 229% compared to the typical volume of 43,627 call options.
A number of analysts have recently weighed in on ZNGA shares. Analysts at Zacks upgraded shares of Zynga from a “neutral” rating to an “outperform” rating in a research note on Wednesday, February 5th. They now have a $4.80 price target on the stock. Separately, analysts at UBS AG upgraded shares of Zynga from a “neutral” rating to a “buy” rating in a research note on Tuesday, February 4th. They now have a $6.00 price target on the stock, up previously from $4.00. Finally, analysts at Bank of America downgraded shares of Zynga from a “neutral” rating to an “underperform” rating in a research note on Monday, February 3rd. They now have a $3.80 price target on the stock, down previously from $4.40. They noted that the move was a valuation call. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company. Zynga currently has an average rating of “Hold” and an average target price of $4.36.
Shares of Zynga (NASDAQ:ZNGA) opened at 4.87 on Monday. Zynga has a 52-week low of $2.50 and a 52-week high of $5.06. The stock’s 50-day moving average is $4.05 and its 200-day moving average is $3.6. The company’s market cap is $4.053 billion.
Zynga (NASDAQ:ZNGA) last posted its quarterly earnings results on Thursday, January 30th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the 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 $0.01 EPS for the current fiscal year.
Zynga Inc (NASDAQ:ZNGA) is the provider of social game services.
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