Zynga Inc to Post FY2021 Earnings of $0.16 Per Share, Jefferies Financial Group Forecasts (NASDAQ:ZNGA)
Zynga Inc (NASDAQ:ZNGA) – Research analysts at Jefferies Financial Group issued their FY2021 earnings per share (EPS) estimates for shares of Zynga in a research report issued to clients and investors on Thursday, July 11th. Jefferies Financial Group analyst A. Giaimo forecasts that the company will post earnings of $0.16 per share for the year. Jefferies Financial Group currently has a “Buy” rating and a $7.50 price target on the stock.
Zynga (NASDAQ:ZNGA) last posted its quarterly earnings data on Wednesday, May 1st. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.17). Zynga had a negative net margin of 12.34% and a negative return on equity of 7.09%. The firm had revenue of $265.00 million for the quarter, compared to analysts’ expectations of $255.45 million. During the same period in the prior year, the company posted $0.01 earnings per share. Zynga’s quarterly revenue was up 27.4% compared to the same quarter last year.
ZNGA stock opened at $6.27 on Friday. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.01. Zynga has a one year low of $3.32 and a one year high of $6.55. The stock has a market capitalization of $5.85 billion, a price-to-earnings ratio of 313.50, a PEG ratio of 3.21 and a beta of 0.28. The firm’s 50-day moving average price is $6.18.
Large investors have recently added to or reduced their stakes in the stock. Columbus Circle Investors acquired a new position in Zynga in the first quarter worth approximately $9,023,000. Quantamental Technologies LLC acquired a new position in Zynga in the first quarter worth approximately $614,000. Highbridge Capital Management LLC acquired a new position in Zynga in the fourth quarter worth approximately $19,741,000. MUFG Securities EMEA plc acquired a new position in Zynga in the fourth quarter worth approximately $1,061,000. Finally, First Quadrant L P CA increased its holdings in Zynga by 180.8% in the first quarter. First Quadrant L P CA now owns 23,103 shares of the company’s stock worth $123,000 after buying an additional 14,876 shares during the last quarter. Hedge funds and other institutional investors own 73.37% of the company’s stock.
In related news, Director Mark J. Pincus sold 1,760,605 shares of the stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $5.51, for a total value of $9,700,933.55. Following the transaction, the director now owns 37,620,926 shares in the company, valued at $207,291,302.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Matthew S. Bromberg sold 41,500 shares of the stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $5.27, for a total value of $218,705.00. Following the completion of the transaction, the chief operating officer now owns 623,703 shares in the company, valued at approximately $3,286,914.81. The disclosure for this sale can be found here. Insiders sold a total of 2,508,703 shares of company stock worth $13,918,099 in the last quarter. 9.40% of the stock is owned by corporate insiders.
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 Apple iOS and Google's Android operating systems, as well as on social networking sites, such as Facebook. It also provides advertising services comprising mobile and display ads, engagement ads and offers, and branded virtual items and sponsorships to advertising agencies and brokers; and licenses its own brands.
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