Shares of Zynga Inc. (NASDAQ:ZNGA) traded down 1.8% during trading on Monday . The company traded as low as $2.74 and last traded at $2.80, with a volume of 17,268,701 shares traded. The stock had previously closed at $2.85.

A number of analysts recently commented on the company. Benchmark Co. lifted their price objective on Zynga from $3.18 to $3.22 and gave the stock a “buy” rating in a research report on Thursday, May 5th. Jefferies Group restated a “buy” rating on shares of Zynga in a report on Monday. Finally, Wedbush restated an “outperform” rating and set a $4.25 target price on shares of Zynga in a report on Saturday, May 7th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the stock. Zynga currently has an average rating of “Hold” and an average price target of $2.94.

The firm has a 50-day moving average of $2.59 and a 200-day moving average of $2.40. The company’s market cap is $2.42 billion.

In related news, CFO Michelle Quejado sold 11,275 shares of the firm’s stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $2.55, for a total transaction of $28,751.25. Following the completion of the sale, the chief financial officer now owns 72,553 shares of the company’s stock, valued at $185,010.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Devang Shah sold 21,771 shares of the firm’s stock in a transaction that occurred on Monday, April 18th. The stock was sold at an average price of $2.39, for a total value of $52,032.69. Following the sale, the vice president now directly owns 282,862 shares of the company’s stock, valued at approximately $676,040.18. The disclosure for this sale can be found here.

A number of large investors have added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its stake in Zynga by 15.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 23,824,830 shares of the company’s stock valued at $63,850,000 after buying an additional 3,259,964 shares in the last quarter. Marshall Wace LLP boosted its stake in Zynga by 5.9% in the fourth quarter. Marshall Wace LLP now owns 724,019 shares of the company’s stock valued at $1,941,000 after buying an additional 40,248 shares in the last quarter. State of New Jersey Common Pension Fund D acquired a new stake in Zynga during the fourth quarter valued at approximately $9,112,000. OppenheimerFunds Inc. boosted its stake in Zynga by 3.9% in the fourth quarter. OppenheimerFunds Inc. now owns 5,375,664 shares of the company’s stock valued at $14,407,000 after buying an additional 200,401 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in Zynga by 5.3% in the fourth quarter. Rhumbline Advisers now owns 499,836 shares of the company’s stock valued at $1,340,000 after buying an additional 25,220 shares in the last quarter.

Zynga Inc (Zynga) is a provider of social game services. The Company develops markets and operates social games as live services played on mobile platforms, such as iOS and Android, and social networking sites, such as Facebook. The Company’s games are also accessible on Zynga.com. The Company has developed online social games, such as FarmVille, Words With Friends, Zynga Poker, Hit It Rich! Slots and CSR Racing.

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