Zynga Inc (NASDAQ:ZNGA) – Analysts at KeyCorp dropped their Q1 2018 EPS estimates for Zynga in a research report issued to clients and investors on Thursday. KeyCorp analyst E. Wingren now forecasts that the company will post earnings per share of $0.00 for the quarter, down from their prior estimate of $0.01. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for Zynga’s Q2 2018 earnings at $0.00 EPS, FY2018 earnings at $0.03 EPS, Q1 2019 earnings at $0.00 EPS, Q2 2019 earnings at $0.00 EPS, Q3 2019 earnings at $0.01 EPS and Q4 2019 earnings at $0.01 EPS.
Zynga (NASDAQ:ZNGA) last announced its quarterly earnings results on Wednesday, February 7th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.02). Zynga had a net margin of 3.09% and a return on equity of 1.66%. The business had revenue of $233.30 million during the quarter, compared to analyst estimates of $218.64 million. During the same quarter last year, the company posted ($0.04) earnings per share. The company’s revenue was up 22.5% compared to the same quarter last year.
Zynga (NASDAQ ZNGA) opened at $3.31 on Monday. Zynga has a 12-month low of $2.40 and a 12-month high of $4.34. The stock has a market cap of $2,880.00, a P/E ratio of 110.33, a price-to-earnings-growth ratio of 2.43 and a beta of 0.51.
In related news, Director Ellen F. Siminoff sold 12,000 shares of the stock in a transaction on 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 directly owns 247,900 shares of the company’s stock, valued at $927,146. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Matthew S. Bromberg sold 50,000 shares of the stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $3.95, for a total transaction of $197,500.00. Following the transaction, the chief operating officer now directly owns 294,206 shares in the company, valued at $1,162,113.70. The disclosure for this sale can be found here. Over the last three months, insiders have sold 256,000 shares of company stock worth $1,007,560. 12.43% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Bourgeon Capital Management LLC boosted its stake in Zynga by 147.1% during the fourth quarter. Bourgeon Capital Management LLC now owns 25,200 shares of the company’s stock worth $101,000 after acquiring an additional 15,000 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Zynga by 23.2% during the second 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 in the last quarter. Crow Point Partners LLC bought a new position in Zynga during the fourth quarter worth $114,000. Dynamic Technology Lab Private Ltd bought a new position in Zynga during the third quarter worth $150,000. Finally, Prudential Financial Inc. boosted its stake 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 acquiring an additional 3,700 shares in the last quarter. 70.21% of the stock is currently owned by institutional investors and hedge funds.
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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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