Zynga (NASDAQ:ZNGA) posted its quarterly earnings results on Wednesday, February 6th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.02), reports. The business had revenue of $248.69 million during the quarter, compared to analyst estimates of $245.78 million. Zynga had a return on equity of 1.14% and a net margin of 1.70%. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period last year, the company earned $0.01 EPS.
Shares of NASDAQ:ZNGA traded up $0.12 during midday trading on Friday, reaching $5.34. 10,425,863 shares of the company were exchanged, compared to its average volume of 15,884,458. Zynga has a fifty-two week low of $3.32 and a fifty-two week high of $5.34. The firm has a market cap of $4.34 billion, a price-to-earnings ratio of 267.00, a PEG ratio of 1.69 and a beta of 0.43.
Several analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Zynga from a “buy” rating to a “hold” rating in a research note on Tuesday, November 6th. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $6.00 price objective on shares of Zynga in a research note on Thursday, February 7th. ValuEngine raised shares of Zynga from a “hold” rating to a “buy” rating in a research report on Wednesday, December 5th. BidaskClub raised shares of Zynga from a “sell” rating to a “hold” rating in a research report on Saturday, December 8th. Finally, Wedbush reduced their price target on shares of Zynga from $6.00 to $5.00 and set a “buy” rating on the stock in a research report on Friday, December 21st. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $4.98.
In other Zynga news, insider Jeffrey Miles Ryan sold 20,000 shares of Zynga stock in a transaction on Tuesday, December 18th. The shares were sold at an average price of $3.74, for a total value of $74,800.00. Following the sale, the insider now directly owns 226,720 shares in the company, valued at approximately $847,932.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Matthew S. Bromberg sold 41,500 shares of Zynga stock in a transaction on Friday, February 15th. The shares were sold at an average price of $4.99, for a total transaction of $207,085.00. Following the completion of the sale, the chief operating officer now owns 595,818 shares in the company, valued at $2,973,131.82. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 464,194 shares of company stock worth $1,913,908. 11.87% of the stock is currently owned by company insiders.
Zynga Inc develops, markets, and operates social games as live services in the United States and internationally. The company's games are played on mobile platforms, such as iOS and Android operating systems, as well as on social networking sites, including Facebook. It also provides advertising services comprising mobile and display ads, engagement ads and offers, and branded virtual goods and sponsorships to advertising agencies and brokers; and software licensing and maintenance services related to NaturalMotion technology, as well as licenses its own brands.
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