Zynga (NASDAQ:ZNGA) had its price objective raised by Wedbush from $4.25 to $5.00 in a research report released on Friday morning, Analyst Ratings Network reports. Wedbush currently has an outperform rating on the stock.
A number of other analysts have also recently weighed in on ZNGA. Analysts at Piper Jaffray Cos. raised their price target on shares of Zynga from $3.00 to $4.00 in a research note to investors on Friday. They now have a neutral rating on the stock. Separately, analysts at Macquarie raised their price target on shares of Zynga from $2.75 to $3.00 in a research note to investors on Friday. They now have a neutral rating on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Zynga from $3.00 to $3.50 in a research note to investors on Friday. They now have a hold rating on the stock. Five equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $3.80.
In other Zynga news, EVP Reginald D. Davis sold 19,899 shares of Zynga stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $3.57, for a total transaction of $71,039.43. The transaction was disclosed in a filing with the SEC, which is available at this link.
Zynga (NASDAQ:ZNGA) traded down 2.38% on Friday, hitting $3.69. The stock had a trading volume of 22,480,368 shares. Zynga has a one year low of $2.09 and a one year high of $4.03. The stock’s 50-day moving average is $2.93 and its 200-day moving average is $3.19. The company’s market cap is $2.967 billion.
Zynga (NASDAQ:ZNGA) last released its earnings data on Thursday, October 24th. The company reported ($0.02) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.05) by $0.03. The company had revenue of $203.00 million for the quarter, compared to the consensus estimate of $141.65 million. Zynga’s revenue was down 36.0% compared to the same quarter last year. On average, analysts predict that Zynga will post $-0.07 earnings per share 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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