Saturday, 27 May, 2017

Impact of Brokerage Rating on Zynga Inc.(ZNGA)

Theresa Hayes | 17 February, 2017, 01:27

Zynga (NASDAQ:ZNGA) last posted its earnings results on Thursday, February 9th. Zacks Investment Research cut shares of Zynga from a hold rating to a sell rating in a research note on Thursday, February 9th. Wedbush restated a "buy" rating and set a $4.25 price target on shares of Zynga in a research report on Sunday, September 11th. The 17 stock analysts following this company have an average price target at $3.20, with individual PT in the $2.65-$5.00 range. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. Piper Jaffray Companies reaffirmed a hold rating and issued a $2.50 price target on shares of Zynga in a research report on Friday, February 10th.

Zynga, Inc. (NASDAQ:ZNGA) topped its 52-week high price of $3.08 on Dec 8, 2016 and 52-Week Low Price of $1.84 on Feb 19, 2016. The insider owns 2,045,666 shares which have current market value of around $5461928.22.Mr. L. John Doerr is another major inside shareholder in the company. These analysts have also projected a Low Estimate of $0.01/share and a High Estimate of $0.02/share. The stock is now trading with a distance of 20-Day Simple Moving Average (SMA20) of 4.85%.

Zynga (NASDAQ:ZNGA) last announced its quarterly earnings data on Thursday, February 9th.

Earnings surprise history: Last quarter, the company posted approximately $201.5 million in revenue and EPS of $0.01. The company had Year Ago Sales of 181.62 Million. Zynga had a negative return on equity of 5.96% and a negative net margin of 14.59%. The firm's revenue for the quarter was up 2.6% on a year-over-year basis. Utah Retirement Systems increased its stake in shares of Zynga by 0.6% in the second quarter.

Many Analysts provided their foresight on Revenue Estimates of Zynga, Inc. where they believe that the company has the potential to earn average revenue of $193.26 Million for the current quarter.

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In other Zynga news, CEO Frank D. Gibeau sold 214,330 shares of the company's stock in a transaction on Friday, December 16th. The shares moved at $2.67, implying that brokerage firms see shares gaining about 42.78% in twelve months time. (NASDAQ:ZNGA), according to U.S. Securities and Exchange Commission (SEC) filings.

Director, Siminoff Ellen F, sold 12,000 common shares of Zynga Inc. The stock recently closed its previous session at $2.7 by showing a percentage change of 2.66% from its previous day closing price of $2.63. After this sale, 421,675 common shares of ZNGA are directly owned by the insider, with total stake valued at $1,125,872. The disclosure for this sale can be found here. Penserra Capital Management LLC now owns 104,684 shares of the company's stock worth $304,000 after buying an additional 55,242 shares during the last quarter.

A number of large investors have recently added to or reduced their stakes in ZNGA. California Public Employees Retirement System raised its position in Zynga by 1.0% in the third quarter. The stock traded with the volume of 10.35 Million shares in the last trading session. Finally, Ameriprise Financial Inc. increased its stake in shares of Zynga by 3,776.5% in the second quarter. A Director at Zynga Inc. Retirement Systems of Alabama now owns 6,480,000 shares of the company's stock worth $16,135,000 after buying an additional 4,250,000 shares during the last quarter. Sterling Capital Management LLC bought a new stake in Zynga during the second quarter worth $124,000. Following the sale, the senior vice president now directly owns 84,913 shares of the company's stock, valued at $220,773.80. Morgan Stanley analysts disclosed their opinion on Zynga Inc.