Insider Selling: Devang Shah Unloads 8,286 Shares of Zynga Stock (ZNGA)
Zynga (NASDAQ:ZNGA) VP Devang Shah sold 8,286 shares of the stock on the open market in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $3.01, for a total value of $24,940.86. Following the completion of the transaction, the vice president now directly owns 137,608 shares of the company’s stock, valued at approximately $414,200. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
ZNGA has been the subject of a number of recent research reports. Analysts at Wedbush cut their price target on shares of Zynga from $7.00 to $6.00 in a research note on Friday, August 8th. Separately, analysts at Benchmark Co. cut their price target on shares of Zynga from $3.08 to $2.83 in a research note on Friday, August 8th. Finally, analysts at BMO Capital Markets cut their price target on shares of Zynga from $4.50 to $3.25 in a research note on Friday, August 8th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $3.85.
Shares of Zynga (NASDAQ:ZNGA) traded up 0.97% during mid-day trading on Tuesday, hitting $3.11. 30,761,720 shares of the company’s stock traded hands. Zynga has a 52 week low of $2.70 and a 52 week high of $5.89. The stock’s 50-day moving average is $3.0 and its 200-day moving average is $3.87. The company’s market cap is $2.786 billion.
Zynga (NASDAQ:ZNGA) last issued its quarterly earnings data on Thursday, August 7th. The company reported ($0.07) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.03) by $0.04. The company had revenue of $153.00 million for the quarter, compared to the consensus estimate of $191.21 million. During the same quarter last year, the company posted ($0.01) earnings per share. Zynga’s revenue was down 33.7% compared to the same quarter last year. 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.