Zynga VP Devang Shah Unloads 2,370 Shares (ZNGA)
Zynga (NASDAQ:ZNGA) VP Devang Shah sold 2,370 shares of Zynga stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $2.86, for a total transaction of $6,778.20. Following the sale, the vice president now directly owns 123,394 shares of the company’s stock, valued at approximately $352,907. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Zynga (NASDAQ:ZNGA) traded up 0.53% on Tuesday, hitting $2.85. 17,301,668 shares of the company’s stock traded hands. Zynga has a one year low of $2.72 and a one year high of $5.89. The stock has a 50-day moving average of $3.07 and a 200-day moving average of $3.9. The company’s market cap is $2.521 billion.
ZNGA has been the subject of a number of recent research reports. Analysts at Benchmark Co. reiterated a “hold” rating on shares of Zynga in a research note on Tuesday. They now have a $3.08 price target on the stock, down previously from $3.52. 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. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $4.54.
Zynga Inc (NASDAQ:ZNGA) is the provider of social game services.
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