Share on StockTwits

Zynga (NASDAQ:ZNGA) Director William B. Gordon sold 375,000 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $3.00, for a total value of $1,125,000.00. The transaction 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 investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. Zynga presently has a consensus rating of “Hold” and an average price target of $3.85.

Shares of Zynga (NASDAQ:ZNGA) traded up 0.32% on Wednesday, hitting $3.12. 14,582,734 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 $3.00 and its 200-day moving average is $3.86. The company’s market cap is $2.795 billion.

Zynga (NASDAQ:ZNGA) last released its earnings data on Thursday, August 7th. The company reported ($0.07) EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted ($0.01) earnings per share. The company’s quarterly revenue was down 33.7% on a year-over-year basis. 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.