Analysts Offer Predictions for Zynga Inc’s Q1 2019 Earnings (ZNGA)

Zynga Inc (NASDAQ:ZNGA) – Equities research analysts at Wedbush issued their Q1 2019 EPS estimates for shares of Zynga in a note issued to investors on Thursday. Wedbush analyst M. Pachter forecasts that the company will earn $0.04 per share for the quarter. Wedbush has a “Buy” rating and a $6.00 price objective on the stock. Wedbush also issued estimates for Zynga’s Q2 2019 earnings at $0.05 EPS, Q3 2019 earnings at $0.06 EPS and Q4 2019 earnings at $0.06 EPS.

Zynga (NASDAQ:ZNGA) last released its quarterly earnings data on Wednesday, February 7th. The company reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.02). Zynga had a return on equity of 1.68% and a net margin of 3.09%. The business had revenue of $233.30 million during the quarter, compared to analysts’ expectations of $218.64 million. During the same period last year, the company earned ($0.04) earnings per share. The firm’s revenue was up 22.5% compared to the same quarter last year.

A number of other research firms have also weighed in on ZNGA. Zacks Investment Research lowered shares of Zynga from a “strong-buy” rating to a “hold” rating in a research note on Saturday, January 13th. Consumer Edge began coverage on shares of Zynga in a research note on Wednesday, January 3rd. They issued an “overweight” rating and a $4.50 price objective for the company. KeyCorp reaffirmed 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 report on Wednesday, December 6th. Finally, Cowen reiterated a “buy” rating and issued a $4.50 target price on shares of Zynga in a report on Thursday, October 12th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $4.19.

Zynga (NASDAQ ZNGA) traded down $0.18 during trading hours on Friday, reaching $3.31. 29,441,026 shares of the company were exchanged, compared to its average volume of 15,467,682. Zynga has a 52 week low of $2.40 and a 52 week high of $4.34. The stock has a market capitalization of $3,212.30, a price-to-earnings ratio of 108.04, a PEG ratio of 2.71 and a beta of 0.51.

In other news, Director Ellen F. Siminoff sold 12,000 shares of the company’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $3.74, for a total transaction of $44,880.00. Following the transaction, the director now owns 247,900 shares in the company, valued at $927,146. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Bernard Jin Kim sold 50,000 shares of the company’s stock in a transaction dated Friday, December 29th. The shares were sold at an average price of $3.94, for a total transaction of $197,000.00. Following the transaction, the insider now owns 349,450 shares in the company, valued at approximately $1,376,833. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 256,000 shares of company stock worth $1,007,560. Corporate insiders own 12.43% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Bourgeon Capital Management LLC increased its holdings in shares of Zynga by 147.1% during the fourth quarter. Bourgeon Capital Management LLC now owns 25,200 shares of the company’s stock valued at $101,000 after acquiring an additional 15,000 shares in the last quarter. Crow Point Partners LLC acquired a new position in shares of Zynga during the fourth quarter valued at about $114,000. The Manufacturers Life Insurance Company increased its holdings in shares of Zynga by 23.2% during the second quarter. The Manufacturers Life Insurance Company now owns 30,835 shares of the company’s stock valued at $112,000 after acquiring an additional 5,815 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Zynga during the third quarter valued at about $150,000. Finally, Prudential Financial Inc. increased its holdings in 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 buying an additional 3,700 shares during the period. Hedge funds and other institutional investors own 70.21% of the company’s stock.

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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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