Zynga (NASDAQ:ZNGA) CFO Mark Vranesh sold 2,376 shares of Zynga stock on the open market in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $3.08, for a total value of $7,318.08. Following the transaction, the chief financial officer now directly owns 69,170 shares in the company. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
ZNGA has been the subject of a number of recent research reports. Analysts at Evercore Partners upgraded shares of Zynga (NASDAQ:ZNGA) from an “underweight” rating to an “equal weight” rating in a research note to investors on Thursday, September 12th. They now have a $3.00 price target on the stock. Separately, analysts at Barclays Capital initiated coverage on shares of Zynga (NASDAQ:ZNGA) in a research note to investors on Friday, September 6th. They set an “equal weight” rating on the stock. Finally, analysts at Benchmark Co. initiated coverage on shares of Zynga (NASDAQ:ZNGA) in a research note to investors on Thursday, August 22nd. They set a “hold” rating and a $2.98 price target on the stock.
Six investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $3.36.
Shares of Zynga (NASDAQ:ZNGA) traded up 1.83% on Wednesday, hitting $3.33. The stock had a trading volume of 8,266,851 shares. Zynga has a 52-week low of $2.09 and a 52-week high of $4.03. The stock’s 50-day moving average is $2. and its 200-day moving average is $3.18. The company’s market cap is $2.678 billion. Zynga also saw unusually large options trading activity on Tuesday. Traders acquired 17,923 call options on the company. This is an increase of approximately 215% compared to the average volume of 5,691 call options.
Zynga (NASDAQ:ZNGA) last released its earnings data on Thursday, July 25th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.03. The company had revenue of $230.70 million for the quarter, compared to the consensus estimate of $224.30 million. During the same quarter in the previous year, the company posted $0.01 earnings per share. The company’s revenue for the quarter was down 30.6% on a year-over-year basis. Analysts expect that Zynga will post $-0.07 EPS for the current fiscal year.
Zynga Inc (NASDAQ:ZNGA), is a provider of social game services with 240 million average monthly active users over 175 countries.
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