Zynga Inc (NASDAQ:ZNGA) COO Matthew S. Bromberg sold 20,000 shares of the stock in a transaction on Wednesday, October 17th. The stock was sold at an average price of $4.19, for a total value of $83,800.00. Following the transaction, the chief operating officer now owns 423,794 shares of the company’s stock, valued at $1,775,696.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Shares of ZNGA stock opened at $4.00 on Friday. The firm has a market cap of $3.47 billion, a PE ratio of 133.33, a price-to-earnings-growth ratio of 2.56 and a beta of 0.27. Zynga Inc has a 52 week low of $3.20 and a 52 week high of $4.57.

Zynga (NASDAQ:ZNGA) last announced its earnings results on Wednesday, August 1st. The company reported $0.00 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.03). The business had revenue of $217.05 million for the quarter, compared to the consensus estimate of $212.62 million. Zynga had a return on equity of 2.37% and a net margin of 4.04%. Zynga’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.01 EPS. On average, research analysts expect that Zynga Inc will post 0.07 EPS for the current fiscal year.

Several research firms have issued reports on ZNGA. Wedbush set a $6.00 price objective on Zynga and gave the stock a “buy” rating in a research note on Thursday, July 26th. BidaskClub upgraded Zynga from a “sell” rating to a “hold” rating in a report on Friday, October 5th. ValuEngine cut Zynga from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. Barclays assumed coverage on Zynga in a report on Thursday, August 9th. They set an “underweight” rating and a $3.70 target price on the stock. Finally, Morgan Stanley increased their target price on Zynga from $4.50 to $4.70 and gave the stock an “overweight” rating in a report on Wednesday, July 11th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company. Zynga currently has an average rating of “Hold” and a consensus target price of $4.89.

Several hedge funds have recently made changes to their positions in the company. Strs Ohio bought a new position in Zynga in the third quarter valued at about $386,000. EastBay Asset Management LLC bought a new position in Zynga in the third quarter valued at about $2,093,000. Oakbrook Investments LLC boosted its holdings in Zynga by 187.0% in the third quarter. Oakbrook Investments LLC now owns 37,450 shares of the company’s stock valued at $150,000 after acquiring an additional 24,400 shares during the last quarter. Bank of Montreal Can boosted its holdings in Zynga by 111.1% in the third quarter. Bank of Montreal Can now owns 32,809 shares of the company’s stock valued at $131,000 after acquiring an additional 17,269 shares during the last quarter. Finally, Lourd Capital LLC bought a new position in Zynga in the third quarter valued at about $109,000. Institutional investors own 74.61% of the company’s stock.

About Zynga

Zynga Inc develops, markets, and operates social games as live services in the United States and internationally. The company's games are played on mobile platforms, such as iOS and Android operating systems, as well as on social networking sites, including Facebook. It also provides advertising services comprising mobile and display ads, engagement ads and offers, and branded virtual goods and sponsorships to advertising agencies and brokers; and software licensing and maintenance services related to NaturalMotion technology, as well as licenses its own brands.

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