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

Several analysts have recently weighed in on ZNGA shares. Benchmark Co. raised their target price on Zynga from $3.18 to $3.22 and gave the company a “buy” rating in a research note on Thursday, May 5th. Jefferies Group reiterated a “buy” rating on shares of Zynga in a research note on Monday. Finally, Wedbush reiterated an “outperform” rating and issued a $4.25 price target on shares of Zynga in a research note on Saturday, May 7th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $2.94.

The firm’s market cap is $2.42 billion. The firm’s 50 day moving average price is $2.59 and its 200-day moving average price is $2.40.

In other Zynga news, VP Devang Shah sold 21,771 shares of the business’s stock in a transaction on Monday, April 18th. The shares were sold at an average price of $2.39, for a total transaction of $52,032.69. Following the completion of the transaction, the vice president now owns 282,862 shares of the company’s stock, valued at approximately $676,040.18. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Frank D. Gibeau sold 159,614 shares of the business’s stock in a transaction on Thursday, June 16th. The stock was sold at an average price of $2.60, for a total transaction of $414,996.40. Following the transaction, the chief executive officer now directly owns 489,964 shares of the company’s stock, valued at approximately $1,273,906.40. The disclosure for this sale can be found here.

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