The stock of Zynga Inc (NASDAQ:ZNGA) is a huge mover today! About 8.15M shares traded hands. Zynga Inc (NASDAQ:ZNGA) has risen 32.41% since March 1, 2016 and is uptrending. It has outperformed by 23.16% the S&P500.
The move comes after 7 months positive chart setup for the $2.51B company. It was reported on Oct, 4 by Barchart.com. We have $3.53 PT which if reached, will make NASDAQ:ZNGA worth $552.20M more.
Analysts await Zynga Inc (NASDAQ:ZNGA) to report earnings on November, 1. They expect $-0.02 earnings per share, 0.00% or $0.00 from last year’s $-0.02 per share. After $-0.03 actual earnings per share reported by Zynga Inc for the previous quarter, Wall Street now forecasts -33.33% EPS growth.
Zynga Inc (NASDAQ:ZNGA) Ratings Coverage
Out of 8 analysts covering Zynga (NASDAQ:ZNGA), 3 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 38% are positive. Zynga has been the topic of 18 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Benchmark on Tuesday, February 9. The rating was maintained by Pacific Crest with “Equal Weight” on Monday, August 10. The rating was maintained by Morgan Stanley with “Equal Weight” on Monday, August 10. The rating was maintained by Bank of America with “Underperform” on Monday, August 10. Goldman Sachs maintained Zynga Inc (NASDAQ:ZNGA) on Monday, August 10 with “Neutral” rating. As per Thursday, November 12, the company rating was initiated by Oppenheimer. Credit Suisse maintained the shares of ZNGA in a report on Friday, August 7 with “Underperform” rating. On Thursday, February 11 the stock rating was maintained by Wedbush with “Outperform”. The stock of Zynga Inc (NASDAQ:ZNGA) has “Hold” rating given on Friday, August 7 by Robert W. Baird. The rating was maintained by Wedbush on Friday, August 7 with “Buy”.
According to Zacks Investment Research, “Zynga Inc. is the world’s largest social game developer with users playing their games which include CityVille, FarmVille, FrontierVille, Words With Friends, Mafia Wars, Zynga Poker, Cafe World, and Treasure Isle. Zynga Inc. games are available on a number of global platforms including Facebook, MySpace, Yahoo, the iPad, the iPhone and Android devices. They operate their games as live services, by which they mean that they continue to support and update games after launch and gather daily, metrics-based player feedback that enable them to continually enhance their games by adding new content and features. All of their games are free to play, and they generate revenue through the in-game sale of virtual goods and advertising.”
Insitutional Activity: The institutional sentiment increased to 1.14 in Q2 2016. Its up 0.49, from 0.65 in 2016Q1. The ratio improved, as 22 funds sold all Zynga Inc shares owned while 50 reduced positions. 29 funds bought stakes while 53 increased positions. They now own 509.52 million shares or 7.17% more from 475.43 million shares in 2016Q1.
Point72 Asia (Hong Kong) Limited has 0.19% invested in the company for 64,328 shares. Numeric Ltd Liability last reported 0% of its portfolio in the stock. Royal State Bank Of Canada owns 35,057 shares or 0% of their US portfolio. Two Sigma Secs Ltd Liability Corporation holds 0.28% or 209,579 shares in its portfolio. Ibm Retirement Fund last reported 0.01% of its portfolio in the stock. Yakira Mngmt holds 0.04% or 45,500 shares in its portfolio. Kistler holds 0% or 1,000 shares in its portfolio. Goldman Sachs Gp accumulated 1.09 million shares or 0% of the stock. River And Mercantile Asset Management Ltd Liability Partnership, a United Kingdom-based fund reported 1.47 million shares. Tudor Investment Et Al accumulated 82,170 shares or 0% of the stock. Stelliam Invest Lp holds 1.35% of its portfolio in Zynga Inc (NASDAQ:ZNGA) for 15.65M shares. Blackrock Gru Limited has 1.28 million shares for 0% of their US portfolio. Public Employees Retirement Association Of Colorado owns 197,252 shares or 0% of their US portfolio. Parametric Port Assocs Ltd Liability accumulated 2.12M shares or 0.01% of the stock. Price T Rowe Associates Incorporated Md holds 183,776 shares or 0% of its portfolio.
Insider Transactions: Since April 15, 2016, the stock had 0 insider purchases, and 11 insider sales for $1.89 million net activity. On Friday, July 15 Shah Devang sold $114,371 worth of the stock or 40,443 shares. $17,285 worth of Zynga Inc (NASDAQ:ZNGA) shares were sold by Quejado Michelle. GIBEAU FRANK D sold 214,973 shares worth $621,272.
More recent Zynga Inc (NASDAQ:ZNGA) news were published by: Valuewalk.com which released: “Zynga’s Words With Friends Downloads Up, Thanks To Apple Inc.” on October 04, 2016. Also Bloomberg.com published the news titled: “Zynga Adds Fifth Ex-Electronic Arts Executive, With Its Blessing” on September 29, 2016. Profitconfidential.com‘s news article titled: “Zynga Inc: CSR Racing 2 Could Make ZNGA Stock Soar” with publication date: September 17, 2016 was also an interesting one.
ZNGA Company Profile
Zynga Inc., incorporate on October 26, 2007, is a well-known provider of social game services. The Firm develops, markets and operates social games as live services played on mobile platforms, such as iPhone Operating System (iOS) and Android and social networking sites, such as Facebook. The Firm operates through developing and monetizing social games segment. The Firm has developed various social games, including games in its Slots, Words With Friends, Zynga Poker and FarmVille franchises. The Firm also launched various games on mobile and Web, including Words on Tour and FarmVille: Harvest Swap in the Casual category; Black Diamond Casino and Princess Bride Slots in the Social Casino category; Empires & Allies in the Action Strategy category, and Mountain Goat Mountain.
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