Equities research analysts predict that Zynga Inc. (NASDAQ:ZNGA) will post $214.40 million in sales for the current quarter, according to Zacks. Five analysts have made estimates for Zynga’s earnings, with estimates ranging from $210.21 million to $217.80 million. Zynga posted sales of $201.53 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 6.4%. The business is expected to issue its next earnings results on Thursday, February 8th.

According to Zacks, analysts expect that Zynga will report full-year sales of $214.40 million for the current financial year, with estimates ranging from $840.24 million to $850.00 million. For the next fiscal year, analysts expect that the business will post sales of $921.02 million per share, with estimates ranging from $881.13 million to $950.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Zynga.

Zynga (NASDAQ:ZNGA) last posted its quarterly earnings data on Tuesday, November 7th. The company reported $0.02 EPS for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.01. Zynga had a negative net margin of 2.65% and a negative return on equity of 1.37%. The firm had revenue of $224.60 million for the quarter, compared to the consensus estimate of $211.98 million. During the same period in the prior year, the firm posted ($0.05) EPS. The firm’s revenue was up 23.1% compared to the same quarter last year.

A number of research analysts have commented on the stock. Zacks Investment Research upgraded shares of Zynga from a “hold” rating to a “strong-buy” rating and set a $4.50 price objective on the stock in a research note on Saturday, November 11th. Wedbush set a $5.00 price objective on shares of Zynga and gave the company a “buy” rating in a research note on Wednesday, October 18th. KeyCorp reiterated a “hold” rating on shares of Zynga in a research note on Tuesday, October 17th. BidaskClub downgraded shares of Zynga from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Robert W. Baird reiterated a “hold” rating and set a $4.00 price objective on shares of Zynga in a research note on Friday, September 15th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $4.11.

In related news, Director Ellen F. Siminoff sold 12,000 shares of the stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $3.86, for a total value of $46,320.00. Following the sale, the director now owns 139,900 shares of the company’s stock, valued at approximately $540,014. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 12.43% of the stock is owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the stock. World Asset Management Inc increased its holdings in shares of Zynga by 0.4% in the 2nd quarter. World Asset Management Inc now owns 27,842 shares of the company’s stock worth $101,000 after acquiring an additional 98 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of Zynga by 23.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 30,835 shares of the company’s stock worth $112,000 after acquiring an additional 5,815 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Zynga in the 3rd quarter worth about $150,000. Timber Hill LLC increased its holdings in shares of Zynga by 49.0% in the 2nd quarter. Timber Hill LLC now owns 44,446 shares of the company’s stock worth $162,000 after acquiring an additional 14,616 shares during the period. Finally, Prudential Financial Inc. increased its holdings in shares of Zynga by 9.1% in the 2nd quarter. Prudential Financial Inc. now owns 44,500 shares of the company’s stock worth $162,000 after acquiring an additional 3,700 shares during the period. 70.49% of the stock is currently owned by institutional investors and hedge funds.

Zynga (NASDAQ ZNGA) opened at $3.70 on Thursday. Zynga has a 52 week low of $2.40 and a 52 week high of $4.34.

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About Zynga

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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