The stock of Zynga Inc (NASDAQ:ZNGA) is a huge mover today! About 17.56 million shares traded hands or 24.19% up from the average. Zynga Inc (NASDAQ:ZNGA) has risen 37.44% since March 8, 2016 and is uptrending. It has outperformed by 28.13% the S&P500.
The move comes after 9 months negative chart setup for the $2.58 billion company. It was reported on Oct, 11 by Barchart.com. We have $2.69 PT which if reached, will make NASDAQ:ZNGA worth $154.80M less.
Analysts await Zynga Inc (NASDAQ:ZNGA) to report earnings on November, 1. They expect $-0.02 EPS, 0.00% or $0.00 from last year’s $-0.02 per share. After $-0.03 actual EPS 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. As per Thursday, February 11, the company rating was maintained by Wedbush. The firm earned “Neutral” rating on Monday, August 10 by Goldman Sachs. The stock has “Underperform” rating given by Bank of America on Monday, August 10. Wedbush maintained the shares of ZNGA in a report on Friday, August 7 with “Buy” rating. The firm has “Equal Weight” rating given on Monday, August 10 by Morgan Stanley. The rating was initiated by Oppenheimer on Thursday, November 12 with “Perform”. The firm earned “Buy” rating on Tuesday, February 9 by Benchmark. The firm has “Hold” rating by Robert W. Baird given on Friday, August 7. Pacific Crest maintained the stock with “Equal Weight” rating in Monday, August 10 report. Credit Suisse maintained the shares of ZNGA in a report on Friday, August 7 with “Underperform” rating.
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 2016 Q2. 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.
Hsbc Holdg Pcl has 34,181 shares for 0% of their US portfolio. The California-based Blackrock Fund Advsrs has invested 0% in Zynga Inc (NASDAQ:ZNGA). Two Sigma Securities Ltd Co has invested 0.28% of its portfolio in Zynga Inc (NASDAQ:ZNGA). Css Ltd Liability Co Il accumulated 28,400 shares or 0% of the stock. Morgan Stanley has 0.03% invested in the company for 30.54M shares. Gp One Trading Lp holds 0% or 42,117 shares in its portfolio. Blackrock Institutional Trust Company Na reported 18.61 million shares or 0.01% of all its holdings. Weiss Multi holds 0.1% of its portfolio in Zynga Inc (NASDAQ:ZNGA) for 500,000 shares. Royal Bank Of Canada holds 35,057 shares or 0% of its portfolio. Blackrock holds 505,859 shares or 0% of its portfolio. Contour Asset reported 33.35M shares or 5.63% of all its holdings. Jpmorgan Chase & has 0% invested in the company for 2.94M shares. Great West Life Assurance Co Can owns 114,013 shares or 0% of their US portfolio. Parametrica Mgmt Ltd holds 20,729 shares or 0.08% of its portfolio. Amalgamated National Bank & Trust accumulated 0.01% or 87,674 shares.
Insider Transactions: Since April 15, 2016, the stock had 0 insider purchases, and 11 insider sales for $1.89 million net activity. $414,996 worth of Zynga Inc (NASDAQ:ZNGA) was sold by GIBEAU FRANK D on Wednesday, June 15. 11,275 shares were sold by Quejado Michelle, worth $28,751 on Sunday, May 15. Shares for $14,776 were sold by Shah Devang on Thursday, September 15.
More news for Zynga Inc (NASDAQ:ZNGA) were recently published by: Profitconfidential.com, which released: “Zynga Inc: CSR Racing 2 Could Make ZNGA Stock Soar” on September 17, 2016. Valuewalk.com‘s article titled: “Zynga’s Words With Friends Downloads Up, Thanks To Apple Inc.” and published on October 04, 2016 is yet another important article.
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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