Zynga Inc to Post Q1 2018 Earnings of $0.01 Per Share, Jefferies Group Forecasts (ZNGA)

Zynga Inc (NASDAQ:ZNGA) – Jefferies Group issued their Q1 2018 earnings per share (EPS) estimates for shares of Zynga in a report issued on Sunday. Jefferies Group analyst T. O’shea forecasts that the company will post earnings of $0.01 per share for the quarter. Jefferies Group currently has a “Buy” rating and a $5.00 price objective on the stock. Jefferies Group also issued estimates for Zynga’s Q2 2018 earnings at $0.02 EPS, Q3 2018 earnings at $0.03 EPS, Q4 2018 earnings at $0.04 EPS and FY2019 earnings at $0.11 EPS.

Zynga (NASDAQ:ZNGA) last released its quarterly earnings data on Wednesday, February 7th. The company reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.02). The company had revenue of $233.30 million during the quarter, compared to analysts’ expectations of $218.64 million. Zynga had a return on equity of 1.66% and a net margin of 3.09%. The firm’s quarterly revenue was up 22.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.04) EPS.

Several other research firms also recently commented on ZNGA. Zacks Investment Research downgraded Zynga from a “strong-buy” rating to a “hold” rating in a report on Saturday, January 13th. Consumer Edge began coverage on Zynga in a report on Wednesday, January 3rd. They issued an “overweight” rating and a $4.50 price objective on the stock. Wedbush set a $5.00 price objective on Zynga and gave the stock a “buy” rating in a report on Wednesday, October 18th. KeyCorp reiterated a “hold” rating on shares of Zynga in a report on Tuesday, October 17th. Finally, BidaskClub downgraded Zynga from a “buy” rating to a “hold” rating in a report on Wednesday, December 6th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $4.19.

Zynga (ZNGA) opened at $3.45 on Wednesday. The company has a market capitalization of $3,000.00, a PE ratio of 115.00, a PEG ratio of 2.59 and a beta of 0.51. Zynga has a twelve month low of $2.55 and a twelve month high of $4.34.

In related news, COO Matthew S. Bromberg sold 50,000 shares of the business’s stock in a transaction dated 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 owns 294,206 shares in the company, valued at approximately $1,162,113.70. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Ellen F. Siminoff sold 12,000 shares of the business’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $3.74, for a total value of $44,880.00. Following the transaction, the director now owns 247,900 shares in the company, valued at approximately $927,146. 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. 12.43% of the stock is owned by company insiders.

A number of large investors have recently made changes to their positions in ZNGA. OppenheimerFunds Inc. boosted its position in Zynga by 111.8% during the 4th quarter. OppenheimerFunds Inc. now owns 20,071,799 shares of the company’s stock valued at $80,287,000 after acquiring an additional 10,596,901 shares in the last quarter. Alyeska Investment Group L.P. boosted its position in Zynga by 453.4% during 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 acquiring an additional 5,822,916 shares in the last quarter. Telemark Asset Management LLC bought a new stake in Zynga during the 3rd quarter valued at approximately $18,900,000. River & Mercantile Asset Management LLP boosted its position in Zynga by 126.3% during the 3rd quarter. River & Mercantile Asset Management LLP now owns 7,707,049 shares of the company’s stock valued at $29,171,000 after acquiring an additional 4,301,645 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in Zynga by 40.7% during the 4th quarter. American Century Companies Inc. now owns 13,040,309 shares of the company’s stock valued at $52,161,000 after acquiring an additional 3,774,156 shares in the last quarter. Institutional investors own 70.86% 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.

Earnings History and Estimates for Zynga (NASDAQ:ZNGA)

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