Zynga Sees Unusually Large Options Volume (ZNGA)
Shares of Zynga (NASDAQ:ZNGA) were the recipient of unusually large options trading on Thursday. Investors bought 34,508 put options on the company, Analyst Ratings News reports. This represents an increase of 440% compared to the typical volume of 6,389 put options.
Several analysts have recently commented on the stock. Analysts at Piper Jaffray cut their price target on shares of Zynga from $5.00 to $4.50 in a research note on Thursday, May 22nd. Separately, 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. Finally, 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. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company. Zynga currently has a consensus rating of “Hold” and an average price target of $4.53.
Shares of Zynga (NASDAQ:ZNGA) traded down 9.17% on Thursday, hitting $2.97. The stock had a trading volume of 152,066,576 shares. Zynga has a 52 week low of $2.50 and a 52 week high of $5.89. The stock has a 50-day moving average of $3.70 and a 200-day moving average of $4.24. The company’s market cap is $2.627 billion.
Zynga (NASDAQ:ZNGA) last released its earnings data 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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