Zynga Inc. (NASDAQ:ZNGA) traded up 2.9% on Friday . The company traded as high as $2.85 and last traded at $2.85, with a volume of 7,170,173 shares traded. The stock had previously closed at $2.77.

A number of equities research analysts recently weighed in on the company. Jefferies Group restated a “buy” rating on shares of Zynga in a report on Monday. Wedbush restated an “outperform” rating and issued a $4.25 price target on shares of Zynga in a report on Saturday, May 7th. Finally, Benchmark Co. upped their price target on Zynga from $3.18 to $3.22 and gave the stock a “buy” rating in a report on Thursday, May 5th. 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 stock. Zynga presently has a consensus rating of “Hold” and an average price target of $2.94.

The firm has a 50-day moving average price of $2.64 and a 200 day moving average price of $2.41. The firm’s market cap is $2.49 billion.

In related news, VP Devang Shah sold 223,168 shares of the firm’s stock in a transaction that occurred on Friday, June 17th. The shares were sold at an average price of $2.56, for a total transaction of $571,310.08. Following the transaction, the vice president now owns 291,702 shares in the company, valued at $746,757.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Michelle Quejado sold 11,275 shares of the firm’s stock in a transaction that occurred on Monday, May 16th. The shares were sold at an average price of $2.55, for a total transaction of $28,751.25. Following the transaction, the chief financial officer now owns 72,553 shares in the company, valued at approximately $185,010.15. The disclosure for this sale can be found here.

Several hedge funds and institutional investors recently bought and sold shares of ZNGA. Rhumbline Advisers raised its position in 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. Marshall Wace LLP raised its position in 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 Board of Administration of Florida Retirement System raised its position in Zynga by 34.0% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 790,273 shares of the company’s stock worth $2,118,000 after buying an additional 200,651 shares in the last quarter. California State Teachers Retirement System raised its position in Zynga by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 1,468,977 shares of the company’s stock worth $3,937,000 after buying an additional 23,163 shares in the last quarter. Finally, Russell Frank Co raised its position in Zynga by 5.6% in the fourth quarter. Russell Frank Co now owns 2,093,295 shares of the company’s stock worth $5,610,000 after buying an additional 111,100 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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