Insider Selling: Zynga VP Devang Shah Sells 8,286 Shares of Stock (ZNGA)
Zynga (NASDAQ:ZNGA) VP Devang Shah unloaded 8,286 shares of the company’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $3.01, for a total transaction of $24,940.86. Following the completion of the transaction, the vice president now directly owns 137,608 shares in the company, valued at approximately $414,200. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $3.85.
Shares of Zynga (NASDAQ:ZNGA) traded up 0.97% during mid-day trading on Tuesday, hitting $3.11. The stock had a trading volume of 30,761,720 shares. Zynga has a one year low of $2.70 and a one year high of $5.89. The stock has a 50-day moving average of $3.0 and a 200-day moving average of $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. Analysts expect that Zynga will post $-0.01 EPS for the current fiscal year.
Zynga Inc (NASDAQ:ZNGA) is the provider of social game services.
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