Zynga Inc. (NASDAQ:ZNGA) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $2.98 and last traded at $2.95, with a volume of 12,953,436 shares. The stock had previously closed at $2.85.

Several equities research analysts recently issued reports on the stock. Cowen and Company raised shares of Zynga from a “market perform” rating to an “outperform” rating and set a $3.50 price target on the stock in a research note on Wednesday. TheStreet raised shares of Zynga from a “sell” rating to a “hold” rating in a research note on Wednesday, July 27th. Jefferies Group reaffirmed a “buy” rating on shares of Zynga in a research note on Monday, July 18th. Wedbush reaffirmed an “outperform” rating and set a $4.25 price target on shares of Zynga in a research note on Saturday, May 7th. Finally, Benchmark Co. boosted their target price on shares of Zynga from $3.18 to $3.22 and gave the stock a “buy” rating in a research report on Thursday, May 5th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $3.02.

The stock’s market cap is $2.59 billion. The stock’s 50 day moving average price is $2.71 and its 200-day moving average price is $2.44.

In related news, CEO Frank D. Gibeau sold 159,614 shares of the stock in a transaction dated Thursday, June 16th. The shares were sold at an average price of $2.60, for a total transaction of $414,996.40. Following the completion of the sale, the chief executive officer now owns 489,964 shares in the company, valued at approximately $1,273,906.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Michelle Quejado sold 11,275 shares of the stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $2.55, for a total transaction of $28,751.25. Following the sale, the chief financial officer now owns 72,553 shares of the company’s stock, valued at approximately $185,010.15. The disclosure for this sale can be found here.

Several large investors have recently made changes to their positions in the company. Rhumbline Advisers boosted its stake 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 during the period. Marshall Wace LLP boosted its stake 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 during the period. State of New Jersey Common Pension Fund D purchased a new stake in shares of Zynga during the fourth quarter worth about $9,112,000. BlackRock Advisors LLC boosted its stake in shares of Zynga by 6.6% in the fourth quarter. BlackRock Advisors LLC now owns 4,045,268 shares of the company’s stock worth $10,841,000 after buying an additional 250,240 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of 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.

Zynga Inc is a provider of social game services. The Company develops, markets and operates social games as live services played on mobile platforms, such as iPhone Operating System (iOS) and Android and social networking sites, such as Facebook. The Company operates through developing and monetizing social games segment.

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