The stock of Zynga Inc (NASDAQ:ZNGA) is a huge mover today! About 1.39M shares traded hands. Zynga Inc (NASDAQ:ZNGA) has risen 14.92% since April 22, 2016 and is uptrending. It has outperformed by 9.51% the S&P500.
The move comes after 9 months positive chart setup for the $2.63 billion company. It was reported on Nov, 25 by Barchart.com. We have $3.03 PT which if reached, will make NASDAQ:ZNGA worth $131.50 million more.
Analysts await Zynga Inc (NASDAQ:ZNGA) to report earnings on February, 8. They expect $-0.03 EPS, down 50.00% or $0.01 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 0.00% 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 rating was maintained by Benchmark with “Buy” on Tuesday, February 9. The rating was maintained by Morgan Stanley on Monday, August 10 with “Equal Weight”. The stock has “Buy” rating given by Wedbush on Friday, August 7. On Friday, August 7 the stock rating was maintained by Robert W. Baird with “Hold”. The rating was maintained by Credit Suisse with “Underperform” on Friday, August 7. The stock of Zynga Inc (NASDAQ:ZNGA) has “Underperform” rating given on Monday, August 10 by Bank of America. On Thursday, November 12 the stock rating was initiated by Oppenheimer with “Perform”. As per Monday, August 10, the company rating was maintained by Goldman Sachs. Pacific Crest maintained the shares of ZNGA in a report on Monday, August 10 with “Equal Weight” rating. Wedbush maintained Zynga Inc (NASDAQ:ZNGA) on Thursday, February 11 with “Outperform” 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 1.53 in 2016 Q2. Its up 0.39, from 1.14 in 2016Q1. The ratio increased, 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.
Numeric Investors Limited holds 0% or 36,000 shares in its portfolio. Moreover, Glob X Mgmt Company Ltd Liability Company has 0.08% invested in Zynga Inc (NASDAQ:ZNGA) for 618,537 shares. Comml Bank Of Montreal Can has 6,312 shares for 0% of their US portfolio. Teacher Retirement Systems Of Texas holds 0% of its portfolio in Zynga Inc (NASDAQ:ZNGA) for 102,932 shares. Reilly Fincl Advsrs Limited Liability Company holds 0% of its portfolio in Zynga Inc (NASDAQ:ZNGA) for 1,220 shares. Majedie Asset Management has 587,650 shares for 0.24% of their US portfolio. Northern Trust Corp has invested 0% of its portfolio in Zynga Inc (NASDAQ:ZNGA). Point72 Asset Management Lp owns 1.50 million shares or 0.03% of their US portfolio. Blackrock Inc accumulated 505,859 shares or 0% of the stock. Piershale Gru Inc last reported 10,000 shares in the company. Ameriprise Inc holds 0% or 656,795 shares in its portfolio. Cobblestone Capital Advsrs Ltd Co New York has 0.01% invested in the company for 18,300 shares. Capstone Asset Mgmt has 11,610 shares for 0% of their US portfolio. Renaissance Technology Ltd accumulated 0.08% or 17.56 million shares. Sei Invests last reported 119,413 shares in the company.
Insider Transactions: Since June 15, 2016, the stock had 0 buys, and 10 insider sales for $1.83 million net activity. 5,981 shares were sold by Quejado Michelle, worth $17,285. $32,346 worth of shares were sold by Shah Devang on Monday, August 15. The insider GIBEAU FRANK D sold $414,996.
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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