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.

A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in Zynga by 19.0% during the 3rd quarter. BlackRock Inc. now owns 72,114,183 shares of the company’s stock worth $289,178,000 after buying an additional 11,520,469 shares during the period. Artisan Partners Limited Partnership increased its stake in Zynga by 4.4% during the 2nd quarter. Artisan Partners Limited Partnership now owns 39,695,436 shares of the company’s stock worth $161,560,000 after buying an additional 1,689,711 shares during the period. Iridian Asset Management LLC CT purchased a new stake in Zynga during the 3rd quarter worth $153,074,000. Cadian Capital Management LP increased its stake in Zynga by 38.1% during the 2nd quarter. Cadian Capital Management LP now owns 21,150,000 shares of the company’s stock worth $86,081,000 after buying an additional 5,835,562 shares during the period. Finally, First Trust Advisors LP increased its stake in Zynga by 21.3% during the 3rd quarter. First Trust Advisors LP now owns 20,256,659 shares of the company’s stock worth $81,229,000 after buying an additional 3,559,056 shares during the period. 79.78% of the stock is currently owned by hedge funds and other institutional investors.

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.

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About Zynga

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.

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