Matthew S. Bromberg Sells 8,000 Shares of Zynga Inc (ZNGA) Stock
Zynga Inc (NASDAQ:ZNGA) COO Matthew S. Bromberg sold 8,000 shares of the firm’s stock in a transaction on Thursday, November 15th. The shares were sold at an average price of $3.56, for a total transaction of $28,480.00. Following the completion of the transaction, the chief operating officer now directly owns 548,794 shares in the company, valued at approximately $1,953,706.64. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Zynga stock opened at $3.49 on Wednesday. Zynga Inc has a 12-month low of $3.20 and a 12-month high of $4.57. The firm has a market cap of $3.10 billion, a P/E ratio of 116.33, a PEG ratio of 1.67 and a beta of 0.42.
Zynga (NASDAQ:ZNGA) last released its quarterly earnings results on Wednesday, October 31st. The company reported $0.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.01. Zynga had a net margin of 3.12% and a return on equity of 1.89%. The firm had revenue of $233.24 million for the quarter, compared to the consensus estimate of $224.54 million. During the same quarter in the previous year, the firm posted $0.02 EPS. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. As a group, analysts expect that Zynga Inc will post 0.1 earnings per share for the current fiscal year.
ZNGA has been the topic of a number of research reports. Wedbush set a $6.00 target price on shares of Zynga and gave the company a “buy” rating in a research note on Thursday, July 26th. BidaskClub downgraded shares of Zynga from a “hold” rating to a “sell” rating in a research note on Friday, July 27th. ValuEngine downgraded shares of Zynga from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. Morgan Stanley raised their target price on shares of Zynga from $4.70 to $5.00 and gave the company an “overweight” rating in a research note on Thursday, August 2nd. Finally, Credit Suisse Group raised their target price on shares of Zynga from $4.00 to $4.90 and gave the company an “underperform” rating in a research note on Thursday, August 2nd. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $4.85.
ILLEGAL ACTIVITY NOTICE: “Matthew S. Bromberg Sells 8,000 Shares of Zynga Inc (ZNGA) Stock” was first posted by Daily Political and is the property of of Daily Political. If you are viewing this story on another site, it was illegally stolen and reposted in violation of international copyright and trademark legislation. The original version of this story can be viewed at https://www.dailypolitical.com/2018/11/21/matthew-s-bromberg-sells-8000-shares-of-zynga-inc-znga-stock.html.
Zynga, Inc provides social game services. It develops, markets and operates social games as live services played on mobile platforms such as Apple’s iOS operating system and Google’s Android operating system, and social networking sites such as Facebook. It offers Chess with Friends, Crazy Cake Swap, Draw Something, FarmVille, Gems With Friends, Ice Age: Arctic Blast, Looney Tunes Dash, Speed Guess Something, What’s The Phrase, Wizard of Oz Magic Match, Yummy Gummy, Free Slots, Black Diamond Casino, Hit It Rich, Zynga Poker and Willy Wonka Slots.
Receive News & Ratings for Zynga Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zynga and related companies with MarketBeat.com's FREE daily email newsletter.