Robert W. Baird reaffirmed their hold rating on shares of Zynga Inc. (NASDAQ:ZNGA) in a research report report published on Friday. Robert W. Baird currently has a $4.00 price target on the stock.

Other equities analysts also recently issued research reports about the stock. Piper Jaffray Companies set a $4.00 price objective on shares of Zynga and gave the company a buy rating in a research note on Thursday, August 3rd. Mizuho restated a buy rating and issued a $4.20 price objective (up previously from $3.50) on shares of Zynga in a research note on Saturday, June 3rd. Benchmark Co. restated a buy rating and issued a $4.35 price objective (up previously from $3.65) on shares of Zynga in a research note on Wednesday, August 9th. Zacks Investment Research upgraded shares of Zynga from a hold rating to a buy rating and set a $4.25 price objective for the company in a research note on Thursday, August 10th. Finally, BidaskClub upgraded shares of Zynga from a hold rating to a buy rating in a research note on Wednesday, August 23rd. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company currently has an average rating of Buy and an average target price of $4.06.

Shares of Zynga (NASDAQ ZNGA) traded up 1.33% during trading on Friday, reaching $3.82. The company had a trading volume of 6,186,915 shares. The firm’s market capitalization is $3.31 billion. Zynga has a 1-year low of $2.40 and a 1-year high of $4.02. The firm has a 50-day moving average of $3.67 and a 200 day moving average of $3.34.

Zynga (NASDAQ:ZNGA) last released its quarterly earnings data on Wednesday, August 2nd. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.01). Zynga had a negative net margin of 10.50% and a negative return on equity of 3.83%. The company had revenue of $209.20 million during the quarter, compared to analyst estimates of $201.64 million. The business’s revenue was up 15.1% compared to the same quarter last year. Analysts expect that Zynga will post $0.10 earnings per share for the current year.

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In related news, Director Ellen F. Siminoff sold 12,000 shares of the stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $3.77, for a total transaction of $45,240.00. Following the completion of the transaction, the director now directly owns 134,478 shares of the company’s stock, valued at $506,982.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 36,000 shares of company stock valued at $132,360 over the last three months. 12.43% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Zynga by 0.3% during the second quarter. Vanguard Group Inc. now owns 60,801,279 shares of the company’s stock worth $221,316,000 after purchasing an additional 164,384 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Zynga by 10.6% during the first quarter. Dimensional Fund Advisors LP now owns 53,752,591 shares of the company’s stock worth $153,195,000 after purchasing an additional 5,142,597 shares in the last quarter. BlackRock Inc. raised its holdings in Zynga by 5,061.5% during the first quarter. BlackRock Inc. now owns 35,936,741 shares of the company’s stock worth $102,420,000 after purchasing an additional 35,240,491 shares in the last quarter. Morgan Stanley raised its holdings in Zynga by 30.4% during the first quarter. Morgan Stanley now owns 27,433,552 shares of the company’s stock worth $78,186,000 after purchasing an additional 6,397,949 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in Zynga by 33.4% during the second quarter. Renaissance Technologies LLC now owns 23,009,600 shares of the company’s stock worth $83,755,000 after purchasing an additional 5,759,000 shares in the last quarter. 68.19% of the stock is owned by hedge funds and other institutional investors.

About Zynga

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) operating system and Android operating system and social networking sites, such as Facebook. The Company has developed a range of social games, including games in its Slots, Words With Friends, Zynga Poker and FarmVille franchises.

Analyst Recommendations for Zynga (NASDAQ:ZNGA)

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