Zynga Inc. (NASDAQ:ZNGA) was the recipient of a significant increase in short interest during the month of November. As of November 30th, there was short interest totalling 19,975,915 shares, an increase of 9.5% from the November 15th total of 18,243,686 shares. Based on an average trading volume of 9,605,258 shares, the short-interest ratio is presently 2.1 days. Approximately 2.6% of the shares of the company are sold short.

Zynga (NASDAQ ZNGA) opened at $3.98 on Wednesday. Zynga has a one year low of $2.40 and a one year high of $4.34.

Zynga (NASDAQ:ZNGA) last issued its quarterly earnings results on Tuesday, November 7th. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $224.60 million for the quarter, compared to analyst estimates of $211.98 million. During the same period in the previous year, the business posted ($0.05) earnings per share. The business’s revenue was up 23.1% compared to the same quarter last year. sell-side analysts anticipate that Zynga will post 0.02 earnings per share for the current year.

A number of brokerages recently weighed in on ZNGA. BidaskClub cut shares of Zynga from a “buy” rating to a “hold” rating in a research report on Wednesday, December 6th. Zacks Investment Research cut shares of Zynga from a “buy” rating to a “hold” rating in a report on Thursday, October 5th. Robert W. Baird reaffirmed a “hold” rating and issued a $4.00 target price on shares of Zynga in a report on Friday, September 15th. KeyCorp reaffirmed a “hold” rating on shares of Zynga in a report on Tuesday, October 17th. Finally, Goldman Sachs Group began coverage on shares of Zynga in a report on Friday, September 8th. They issued a “neutral” rating and a $3.90 target price for the company. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Zynga presently has a consensus rating of “Buy” and a consensus price target of $4.11.

In related news, Director Ellen F. Siminoff sold 12,000 shares of the business’s stock in a transaction 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 completion of the sale, the director now directly owns 139,900 shares of the company’s stock, valued at $540,014. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 12.43% of the stock is owned by insiders.

Institutional investors have recently modified their holdings of the company. World Asset Management Inc grew its position in Zynga by 0.4% during the second quarter. World Asset Management Inc now owns 27,842 shares of the company’s stock worth $101,000 after buying an additional 98 shares during the period. Public Employees Retirement Association of Colorado grew its position in Zynga by 0.4% during the second quarter. Public Employees Retirement Association of Colorado now owns 184,005 shares of the company’s stock worth $670,000 after buying an additional 820 shares during the period. Teacher Retirement System of Texas grew its position in Zynga by 4.9% during the second quarter. Teacher Retirement System of Texas now owns 63,571 shares of the company’s stock worth $231,000 after buying an additional 2,941 shares during the period. PNC Financial Services Group Inc. grew its position in Zynga by 4.5% during the second quarter. PNC Financial Services Group Inc. now owns 75,150 shares of the company’s stock worth $274,000 after buying an additional 3,261 shares during the period. Finally, Prudential Financial Inc. grew its position in Zynga by 9.1% during the second quarter. Prudential Financial Inc. now owns 44,500 shares of the company’s stock worth $162,000 after buying an additional 3,700 shares during the period. Institutional investors and hedge funds own 70.49% of the company’s stock.

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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.

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