The stock of Zynga Inc (NASDAQ:ZNGA) is a huge mover today! About 8.31 million shares traded hands. Zynga Inc (NASDAQ:ZNGA) has risen 18.70% since April 5, 2016 and is uptrending. It has outperformed by 16.74% the S&P500.
The move comes after 6 months positive chart setup for the $2.54B company. It was reported on Nov, 8 by Barchart.com. We have $4.50 PT which if reached, will make NASDAQ:ZNGA worth $1.47 billion more.
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. Goldman Sachs maintained the stock with “Neutral” rating in Monday, August 10 report. Wedbush maintained the shares of ZNGA in a report on Thursday, February 11 with “Outperform” rating. The firm has “Equal Weight” rating given on Monday, August 10 by Pacific Crest. The stock has “Equal Weight” rating given by Morgan Stanley on Monday, August 10. Credit Suisse maintained Zynga Inc (NASDAQ:ZNGA) rating on Friday, August 7. Credit Suisse has “Underperform” rating and $2.94 price target. The stock of Zynga Inc (NASDAQ:ZNGA) has “Hold” rating given on Friday, August 7 by Robert W. Baird. The firm has “Underperform” rating by Bank of America given on Monday, August 10. The company was maintained on Tuesday, February 9 by Benchmark. The firm has “Buy” rating by Wedbush given on Friday, August 7. The firm earned “Perform” rating on Thursday, November 12 by Oppenheimer.
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 1.14 in 2016 Q2. Its up 0.49, from 0.65 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.
The Illinois-based Great Lakes Limited Liability Corporation has invested 0% in Zynga Inc (NASDAQ:ZNGA). Stelliam L P last reported 1.35% of its portfolio in the stock. Ubs Asset Mgmt Americas holds 0% of its portfolio in Zynga Inc (NASDAQ:ZNGA) for 576,526 shares. Moreover, Prudential Financial has 0% invested in Zynga Inc (NASDAQ:ZNGA) for 82,870 shares. Blackrock Investment Management Ltd Liability Com has invested 0% of its portfolio in Zynga Inc (NASDAQ:ZNGA). Retirement Of Alabama has 0.09% invested in the company for 6.48 million shares. The New York-based D E Shaw And Incorporated has invested 0.01% in Zynga Inc (NASDAQ:ZNGA). Geode Cap Mngmt Ltd Liability Corporation last reported 0.01% of its portfolio in the stock. Moors & Cabot accumulated 124,050 shares or 0.05% of the stock. Zurcher Kantonalbank (Zurich Cantonalbank) has 18,972 shares for 0% of their US portfolio. Mark Asset reported 505,895 shares or 0.37% of all its holdings. Tower Rech Limited Liability (Trc) has invested 0.02% of its portfolio in Zynga Inc (NASDAQ:ZNGA). Cowen Grp has invested 0.07% of its portfolio in Zynga Inc (NASDAQ:ZNGA). Engineers Gate Manager L P has 123,510 shares for 0.02% of their US portfolio. Blackrock Incorporated accumulated 505,859 shares or 0% of the stock.
Insider Transactions: Since May 15, 2016, the stock had 0 insider purchases, and 10 insider sales for $1.84 million net activity. GIBEAU FRANK D had sold 159,614 shares worth $414,996 on Wednesday, June 15. Shah Devang sold $14,379 worth of stock or 5,639 shares. Quejado Michelle sold $17,285 worth of Zynga Inc (NASDAQ:ZNGA) on Thursday, September 15.
More news for Zynga Inc (NASDAQ:ZNGA) were recently published by: Wsj.com, which released: “Zynga Posts Loss as Number of Active Users Drops” on November 02, 2016. Valuewalk.com‘s article titled: “QUALCOMM, Inc. Beats EPS Guidance, Zynga Inc Shares Fall On Weak Guide” and published on November 02, 2016 is yet another important article.
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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