Zynga Inc (ZNGA) Earns “Hold” Rating from Piper Jaffray Companies

Zynga, Inc. (ZNGA) belongs to the “Technology” sector with an industry focus on “Multimedia & Graphics Software”, with Mr. Mark Pincus as Founder and Exec. Chairman. EPS breaks down the profitability of the company on a single share basis.

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Shares of Zynga (NASDAQ:ZNGA) opened at 3.40 on Friday.

Market Capitalization can be thought of as the overall price to buy the company. The firm’s 50-day moving average price is $2.98 and its 200-day moving average price is $2.79.

The company has -3.90% returns on equity value while its ROI ratio was -2.60%.

Zynga (NASDAQ:ZNGA) last announced its earnings results on Thursday, May 4th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). According to these analysts, the Low Revenue Estimate for Zynga, Inc.is 204.18 Million and the High Revenue Estimate is 210 Million.

The company reported an impressive total revenue of 741.42 Million in the last fiscal year. (NASDAQ:ZNGA) capture in noticeable indication for EPS growth for next year.The firms have -143.40% and 7.50% earnings per share growth for this year. The shares were sold at an average price of $2.84, for a total transaction of $34,080.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Frank D. Gibeau sold 167,440 shares of the firm’s stock in a transaction dated Thursday, March 16th. The stock was sold at an average price of $2.73, for a total transaction of $457,111.20. Following the completion of the sale, the chief executive officer now owns 1,115,834 shares in the company, valued at $3,046,226.82. The company has grown -9.94% in past 3 months and in the last five trades has moved up 4.23%. The company has institutional ownership of 5.90%.

A number of institutional investors have recently made changes to their positions in ZNGA. HighTower Advisors LLC acquired a new position in shares of Zynga during the first quarter valued at about $116,000. Salem Investment Counselors Inc. boosted its position in Zynga by 2.4% in the first quarter. Credit Suisse AG boosted its position in Zynga by 92.9% in the first quarter. Clinton Group Inc. now owns 61,082 shares of the company’s stock valued at $174,000 after buying an additional 423 shares in the last quarter. Raging Capital Management LLC purchased a new position in shares of Zynga during the fourth quarter worth approximately $29,251,000.

Other research analysts have also issued research reports about the stock. Jefferies Group LLC reissued a “buy” rating and issued a $5.00 price objective on shares of Zynga in a research report on Monday. Zacks Investment Research raised Zynga from a “hold” rating to a “buy” rating and set a $3.25 price target on the stock in a report on Thursday, April 13th. Mizuho reiterated a buy rating and set a $3.20 target price (down previously from $3.50) on shares of Zynga in a research report on Thursday, February 16th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Outstanding shares refer to a company’s stock now held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company’s officers and insiders. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of United States and worldwide copyright & trademark laws.

If you look at the company’s income statement over the past years, you will see that the company is constantly posting gross profit: In 2014, ZNGA earned gross profit of 476.84 Million, in 2015 528.73 Million gross profit, while in 2016 Zynga, Inc.