The company now has an average rating of "Buy" and a consensus price target of $3.62.
Earnings per share (EPS) breaks down the profitability of the company on a single share basis, and for Zynga, Inc. the EPS stands at 0.02 for the previous quarter, while the analysts predicted the EPS of the stock to be 0.01, suggesting the stock exceeded the analysts' expectations. Benchmark Co. restated a buy rating and set a $3.65 price target on shares of Zynga in a research note on Friday, May 5th. Finally, Canaccord Genuity reissued a "hold" rating and issued a $3.00 price objective on shares of Zynga in a research report on Friday, May 5th. Mizuho reaffirmed a buy rating and set a $3.20 price target (down previously from $3.50) on shares of Zynga in a research note on Thursday, February 16th. Analysts reported that the Price Target for Zynga, Inc. might touch $5 high while the Average Price Target and Low price Target is $3.41 and $2.5 respectively. Analysts have a mean recommendation of 2.60 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Zynga presently has an average rating of Buy and an average target price of $3.62.
Shares of Zynga (NASDAQ:ZNGA) traded up 2.794% during midday trading on Friday, hitting $3.495.
The number of shares traded in the last trading session was 7.83 Million.
Stock is now moving with a positive distance from the 200 day simple moving average of approximately 21.64%, and has a solid year to date (YTD) performance of 32.3% which means the stock is constantly adding to its value from the previous fiscal year end price. Zynga has a one year low of $2.27 and a one year high of $3.52.
Currently, the market capitalization of Zynga, Inc.
Zynga (NASDAQ:ZNGA) last released its quarterly earnings data on Thursday, May 4th. The company reported ($0.01) EPS for the quarter, hitting analysts' consensus estimates of ($0.01). The business had revenue of $194.30 million during the quarter, compared to the consensus estimate of $188.14 million. The Return on Equity (ROE) value stands at -5.6%. The overall volume in the last trading session was 4.00 million shares, versus the average volume of 3.18 million shares. On average, equities analysts forecast that Zynga will post $0.09 earnings per share for the current year. If you are reading this article on another website, it was stolen and republished in violation of USA & global trademark & copyright legislation. The correct version of this report can be read at https://www.thecerbatgem.com/2017/05/19/zynga-znga-earns-daily-media-impact-rating-of-0-23.html.
In related news, Director Ellen F. Siminoff sold 12,000 shares of the company's stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $2.73, for a total transaction of $457,111.20. The sale was disclosed in a filing with the SEC, which is available through this link. Also, General Counsel Devang Shah sold 19,210 shares of the company's stock in a transaction dated Monday, April 17th. The shares were sold at an average price of $2.91, for a total value of $34,920.00. Following the completion of the transaction, the director now directly owns 157,973 shares in the company, valued at approximately $448,643.32. The disclosure for this sale can be found here. The company has institutional ownership of 5.90%. Finally, Highbridge Capital Management LLC bought a new position in Zynga during the first quarter valued at about $797,000. GSA Capital Partners LLP boosted its stake in shares of Zynga by 132.3% in the fourth quarter. Clinton Group Inc. raised its position in shares of Zynga by 0.7% in the first quarter. Alyeska Investment Group L.P. now owns 10,310,484 shares of the company's stock worth $26,498,000 after buying an additional 8,810,484 shares during the last quarter.