Zynga CFO Unloads $311,699 in Stock (ZNGA)
Zynga (NASDAQ:ZNGA) CFO Mark Vranesh unloaded 60,760 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $5.13, for a total value of $311,698.80. Following the transaction, the chief financial officer now directly owns 196,008 shares in the company, valued at approximately $1,005,521. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
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 issued a buy rating to the company’s stock. Zynga currently has an average rating of “Hold” and a consensus price target of $4.36.
Shares of Zynga (NASDAQ:ZNGA) traded down 1.55% on Wednesday, hitting $5.07. 35,549,556 shares of the company’s stock traded hands. Zynga has a 1-year low of $2.50 and a 1-year high of $5.16. The stock has a 50-day moving average of $4.13 and a 200-day moving average of $3.70. The company’s market cap is $4.220 billion. Zynga also saw a large decline in short interest in January. As of January 31st, there was short interest totalling 29,753,352 shares, a decline of 20.5% from the January 15th total of 37,435,149 shares. Based on an average daily volume of 37,276,520 shares, the short-interest ratio is presently 0.8 days. Approximately 5.2% of the shares of the stock are short sold.
Zynga (NASDAQ:ZNGA) last posted its quarterly earnings results on Thursday, January 30th. The company reported ($0.03) earnings per share for the quarter, beating the analysts’ 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. On average, analysts predict that Zynga will post $0.01 earnings per share for the current fiscal year.
Zynga Inc (NASDAQ:ZNGA) is the provider of social game services.
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