Shares of Zynga Inc. (NASDAQ:ZNGA) have been assigned a consensus rating of “Buy” from the sixteen analysts that are currently covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $4.08.

ZNGA has been the topic of a number of analyst reports. Robert W. Baird reaffirmed a “hold” rating and issued a $4.00 price objective on shares of Zynga in a report on Friday, September 15th. Wedbush set a $5.00 price objective on Zynga and gave the company a “buy” rating in a report on Wednesday, October 18th. Cowen reaffirmed a “buy” rating and issued a $4.50 price objective on shares of Zynga in a report on Thursday, October 12th. KeyCorp reaffirmed a “hold” rating on shares of Zynga in a report on Tuesday, October 17th. Finally, BidaskClub lowered Zynga from a “buy” rating to a “hold” rating in a report on Wednesday, December 6th.

Shares of Zynga (NASDAQ:ZNGA) traded up $0.15 on Monday, reaching $3.93. The company’s stock had a trading volume of 8,452,457 shares, compared to its average volume of 10,559,168. Zynga has a 12 month low of $2.40 and a 12 month high of $4.34.

Zynga (NASDAQ:ZNGA) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $0.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.01. Zynga had a negative return on equity of 1.37% and a negative net margin of 2.65%. The company had revenue of $224.60 million for the quarter, compared to analyst estimates of $211.98 million. During the same quarter in the previous year, the company earned ($0.05) EPS. The firm’s revenue for the quarter was up 23.1% compared to the same quarter last year. equities research analysts forecast that Zynga will post 0.02 earnings per share for the current fiscal year.

In other news, Director Ellen F. Siminoff sold 12,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $3.86, for a total transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 12.43% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of ZNGA. American Century Companies Inc. purchased a new stake in Zynga in the 2nd quarter valued at approximately $33,218,000. Marshall Wace North America L.P. lifted its stake in Zynga by 961.3% in the 2nd quarter. Marshall Wace North America L.P. now owns 7,304,569 shares of the company’s stock valued at $29,219,000 after buying an additional 6,616,326 shares in the last quarter. Alyeska Investment Group L.P. lifted its stake in Zynga by 453.4% in the 3rd quarter. Alyeska Investment Group L.P. now owns 7,107,304 shares of the company’s stock valued at $26,866,000 after buying an additional 5,822,916 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Zynga by 33.4% in the 2nd quarter. Renaissance Technologies LLC now owns 23,009,600 shares of the company’s stock valued at $83,755,000 after buying an additional 5,759,000 shares in the last quarter. Finally, Telemark Asset Management LLC purchased a new stake in Zynga in the 3rd quarter valued at approximately $18,900,000. 70.49% of the stock is currently owned by hedge funds and other institutional investors.

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Zynga Company Profile

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.

Analyst Recommendations for Zynga (NASDAQ:ZNGA)

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