Zynga Inc. (ZNGA) Director Ellen F. Siminoff Sells 12,000 Shares
Zynga Inc. (NASDAQ:ZNGA) Director Ellen F. Siminoff sold 12,000 shares of Zynga stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $3.86, for a total value of $46,320.00. Following the transaction, the director now directly owns 139,900 shares in the company, valued at approximately $540,014. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Zynga Inc. (NASDAQ:ZNGA) traded up $0.07 on Friday, hitting $3.91. The company’s stock had a trading volume of 1,862,703 shares, compared to its average volume of 7,876,368.
Zynga (NASDAQ:ZNGA) last issued its earnings results on Wednesday, August 2nd. The company reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.01). The firm had revenue of $209.20 million during the quarter, compared to the consensus estimate of $201.64 million. Zynga had a negative net margin of 10.50% and a negative return on equity of 3.83%. The business’s revenue was up 15.1% compared to the same quarter last year. equities analysts forecast that Zynga Inc. will post 0.02 EPS for the current fiscal year.
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Several institutional investors and hedge funds have recently modified their holdings of ZNGA. World Asset Management Inc raised its stake in shares of Zynga by 0.4% in the second quarter. World Asset Management Inc now owns 27,842 shares of the company’s stock valued at $101,000 after buying an additional 98 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of Zynga by 23.2% in the second quarter. The Manufacturers Life Insurance Company now owns 30,835 shares of the company’s stock valued at $112,000 after buying an additional 5,815 shares during the period. HighTower Advisors LLC bought a new stake in shares of Zynga in the first quarter valued at $116,000. Prudential Financial Inc. raised its stake in shares of Zynga by 9.1% during the 2nd quarter. Prudential Financial Inc. now owns 44,500 shares of the company’s stock valued at $162,000 after purchasing an additional 3,700 shares during the period. Finally, Timber Hill LLC raised its stake in shares of Zynga by 49.0% during the 2nd quarter. Timber Hill LLC now owns 44,446 shares of the company’s stock valued at $162,000 after purchasing an additional 14,616 shares during the period. Hedge funds and other institutional investors own 69.11% of the company’s stock.
Several research analysts recently issued reports on the company. Zacks Investment Research raised Zynga from a “hold” rating to a “buy” rating and set a $4.25 target price on the stock in a research report on Thursday, August 10th. Wedbush reaffirmed an “outperform” rating and set a $4.65 target price (up previously from $4.25) on shares of Zynga in a research report on Monday, July 31st. Cowen and Company reaffirmed an “outperform” rating and set a $4.50 target price on shares of Zynga in a research report on Thursday, August 3rd. Goldman Sachs Group, Inc. (The) assumed coverage on Zynga in a research report on Friday, September 8th. They set a “neutral” rating and a $3.90 target price on the stock. Finally, BidaskClub raised Zynga from a “hold” rating to a “buy” rating in a research report on Wednesday, August 23rd. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $4.09.
Zynga Inc is a provider of social game services. The Company develops, markets and operates social games as live services played on mobile platforms, such as iPhone Operating System (iOS) operating system and Android operating system and social networking sites, such as Facebook. The Company has developed a range of social games, including games in its Slots, Words With Friends, Zynga Poker and FarmVille franchises.
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