Matthew S. Bromberg Sells 20,000 Shares of Zynga Inc (ZNGA) Stock
Zynga Inc (NASDAQ:ZNGA) COO Matthew S. Bromberg sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $3.92, for a total value of $78,400.00. Following the completion of the sale, the chief operating officer now directly owns 274,206 shares of the company’s stock, valued at approximately $1,074,887.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Zynga Inc (ZNGA) traded down $0.05 during trading on Thursday, hitting $3.75. The company had a trading volume of 20,010,000 shares, compared to its average volume of 10,470,000. Zynga Inc has a 12-month low of $2.40 and a 12-month high of $4.34. The firm has a market capitalization of $3,260.00, a P/E ratio of -125.00, a price-to-earnings-growth ratio of 2.79 and a beta of 0.76.
Zynga (NASDAQ:ZNGA) last released its earnings results on Tuesday, November 7th. The company reported $0.02 EPS for the quarter, topping 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 firm had revenue of $224.60 million during the quarter, compared to the consensus estimate of $211.98 million. During the same quarter in the previous year, the company posted ($0.05) earnings per share. The company’s revenue was up 23.1% compared to the same quarter last year. equities analysts expect that Zynga Inc will post 0.02 earnings per share for the current fiscal year.
ZNGA has been the subject of several recent analyst reports. Wedbush set a $5.00 price target on Zynga and gave the stock a “buy” rating in a report on Wednesday, October 18th. Cowen reissued a “buy” rating and issued a $4.50 price target on shares of Zynga in a report on Thursday, October 12th. Zacks Investment Research raised Zynga from a “hold” rating to a “strong-buy” rating and set a $4.50 price target for the company in a report on Saturday, November 11th. Consumer Edge initiated coverage on Zynga in a report on Wednesday, January 3rd. They issued an “overweight” rating and a $4.50 price target for the company. Finally, BidaskClub downgraded Zynga from a “buy” rating to a “hold” rating in a report on Wednesday, December 6th. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $4.14.
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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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