Zynga Inc. (NASDAQ:ZNGA) registered a -0.39% decrease, still its new closing price is 42.70% up from the company’s 1 year high of 3.08.It posted -1.17% losses in previous 5 sessions and is now the subject of 8 analysts who together assign a hold rating on stock. 3 of Wall Street analysts have an underperform rating; the 0 sells versus 4 buy or better ratings. The 17 stock analysts following this company have an average price target at $3.27, with individual PT in the $2.50-$5.00 range. The shares moved at $2.54, implying that brokerage firms see shares gaining about 8.09% in twelve months time.
Zynga Inc. (ZNGA) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a -1.17% fall year to date. A General Counsel, Sec. and SVP at Zynga Inc. (ZNGA) offloaded shares in a transaction closed on Wednesday January 18, 2017. Shah Devang sold 41,528 shares in the company at $2.6 each and collected $107,001 in proceeds. Shah Devang now owns 62,135 shares in the company after this transaction. A Director in the company, Siminoff Ellen F, disclosed a transaction on Tuesday January 03, 2017 that ended up generating $31,000 from the sale of 12,000 shares at $2.59 per share.
Zynga Inc. (NASDAQ:ZNGA) Upcoming Results on Tap
Zynga Inc. will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.01 in that period. Sales during the quarter are predicted to arrive at $203.35 million.
Earnings surprise history: Last quarter, the company posted approximately $196.72 million in revenue and EPS of $0.01. The mean forecast was for $187.23 million and $0.01 a share, respectively. One quarter earlier, revenue for the stock was at $174.65 million, with earnings at $0.00/share.
Zynga Inc. (ZNGA) Brokerage Update
Zynga Inc. (ZNGA) is in Needham’s research list so their analyst rating change is noteworthy. These shares were upgraded to Buy from Hold by Needham, according to news reported on Friday November 07, 2014.Another important research note was issued by UBS on Tuesday February 04, 2014.The firm upgraded ZNGA to Buy from Neutral. Over the last six months and over the last three months, the shares of Zynga Inc. (ZNGA), have changed -14.19% and -9.29%, respectively.
