Sentiment Report: Zynga Inc (NASDAQ:ZNGA)

June 6, 2018 - By Michael Collier

Sentiment for Zynga Inc (NASDAQ:ZNGA)

Zynga Inc (NASDAQ:ZNGA) institutional sentiment decreased to 1.08 in 2018 Q1. Its down -0.30, from 1.38 in 2017Q4. The ratio fall, as 93 hedge funds increased or opened new positions, while 86 decreased and sold their stakes in Zynga Inc. The hedge funds in our partner’s database reported: 575.74 million shares, down from 587.93 million shares in 2017Q4. Also, the number of hedge funds holding Zynga Inc in their top 10 positions decreased from 4 to 3 for a decrease of 1. Sold All: 38 Reduced: 48 Increased: 65 New Position: 28.

Zynga Inc. develops, markets, and operates social games as live services played on the Internet, social networking sites, and mobile platforms in the United States and internationally. The company has market cap of $3.78 billion. It offers its online social games primarily under the Slots, Words With Friends, Zynga Poker, and FarmVille franchises. It has a 147 P/E ratio. The companyÂ’s games are accessible on mobile platforms, Facebook, and other social networks, as well as Zynga.com.

The stock decreased 0.45% or $0.02 during the last trading session, reaching $4.41. About 14.10 million shares traded or 22.16% up from the average. Zynga Inc. (NASDAQ:ZNGA) has risen 19.48% since June 6, 2017 and is uptrending. It has outperformed by 6.91% the S&P500.

River & Mercantile Asset Management Llp holds 3.38% of its portfolio in Zynga Inc. for 7.93 million shares. Cadian Capital Management Lp owns 15.31 million shares or 3.03% of their US portfolio. Moreover, Quantum Capital Management has 2.13% invested in the company for 2.42 million shares. The New York-based Stelliam Investment Management Lp has invested 1.85% in the stock. Spark Investment Management Llc, a New York-based fund reported 4.62 million shares.

Since January 1, 0001, it had 0 insider buys, and 9 sales for $525,118 activity.

Zynga Inc. (NASDAQ:ZNGA) Ratings Coverage

Ratings analysis reveals 83% of Zynga’s analysts are positive. Out of 6 Wall Street analysts rating Zynga, 5 give it “Buy”, 1 “Sell” rating, while 0 recommend “Hold”. The lowest target is $4 while the high is $5.5. The stock’s average target of $4.75 is 7.71% above today’s ($4.41) share price. ZNGA was included in 6 notes of analysts from December 8, 2017. The firm has “Buy” rating given on Thursday, May 31 by Benchmark. The firm earned “Buy” rating on Friday, December 8 by Cowen & Co. The rating was maintained by Credit Suisse on Thursday, February 8 with “Underperform”. Wedbush maintained Zynga Inc. (NASDAQ:ZNGA) on Thursday, February 8 with “Buy” rating. On Sunday, February 11 the stock rating was maintained by Jefferies with “Buy”.

More important recent Zynga Inc. (NASDAQ:ZNGA) news were published by: 247Wallst.com which released: “Why Zynga’s Turnaround Could Come With Almost 50% Upside” on May 16, 2018, also Seekingalpha.com published article titled: “Zynga: Forever Undervalued”, Seekingalpha.com published: “Zynga: Bookings Boost” on May 30, 2018. More interesting news about Zynga Inc. (NASDAQ:ZNGA) was released by: Seekingalpha.com and their article: “Zynga: No Cigar” with publication date: June 01, 2018.

Zynga Inc. (NASDAQ:ZNGA) Institutional Positions Chart

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