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Shares of Zynga (NASDAQ:ZNGA) saw some unusual options trading activity on Tuesday. Stock investors purchased 20,836 put options on the company, AnalystRatingsNetwork.com reports. This is an increase of approximately 102% compared to the typical volume of 10,315 put options.

A number of research firms have recently commented on ZNGA. Analysts at Benchmark Co. raised their price target on shares of Zynga from $3.46 to $3.52 in a research note on Thursday, April 24th. Separately, analysts at Barclays raised their price target on shares of Zynga from $4.50 to $5.00 in a research note on Thursday, April 24th. They now have an “equal weight” rating on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of Zynga from $4.40 to $5.00 in a research note on Thursday, April 24th. They now have a “hold” rating on the stock. Two 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. The company presently has an average rating of “Hold” and an average target price of $4.62.

Zynga (NASDAQ:ZNGA) traded up 1.95% during mid-day trading on Tuesday, hitting $3.66. The stock had a trading volume of 23,794,144 shares. Zynga has a 52-week low of $2.50 and a 52-week high of $5.89. The stock’s 50-day moving average is $4.14 and its 200-day moving average is $4.2. The company’s market cap is $3.237 billion.

Zynga (NASDAQ:ZNGA) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported ($0.01) EPS for the quarter, meeting the Thomson Reuters consensus estimate of ($0.01). The company had revenue of $168.00 million for the quarter, compared to the consensus estimate of $147.52 million. During the same quarter in the prior year, the company posted $0.01 earnings per share. The company’s quarterly revenue was down 36.3% on a year-over-year basis. On average, analysts predict that Zynga will post $0.02 earnings per share for the current fiscal year.

Zynga Inc (NASDAQ:ZNGA) is the provider of social game services.

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