Zynga Inc (ZNGA) Director Ellen F. Siminoff Sells 12,000 Shares

Zynga Inc (NASDAQ:ZNGA) Director Ellen F. Siminoff sold 12,000 shares of Zynga stock in a transaction dated Wednesday, October 24th. The stock was sold at an average price of $3.93, for a total value of $47,160.00. Following the transaction, the director now owns 189,277 shares in the company, valued at $743,858.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of Zynga stock opened at $3.83 on Friday. The stock has a market capitalization of $3.49 billion, a PE ratio of 127.67, a PEG ratio of 2.58 and a beta of 0.27. Zynga Inc has a one year low of $3.20 and a one year high of $4.57.

Zynga (NASDAQ:ZNGA) last issued its quarterly earnings results on Wednesday, August 1st. The company reported $0.00 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.03). The firm had revenue of $217.05 million during the quarter, compared to the consensus estimate of $212.62 million. Zynga had a net margin of 4.04% and a return on equity of 2.37%. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.01 earnings per share. On average, sell-side analysts anticipate that Zynga Inc will post 0.07 EPS for the current year.



Several research analysts have weighed in on the company. Wedbush set a $6.00 target price on Zynga and gave the stock a “buy” rating in a report on Thursday, July 26th. Jefferies Financial Group reiterated a “buy” rating and set a $5.25 target price on shares of Zynga in a report on Thursday, October 11th. BidaskClub lowered Zynga from a “hold” rating to a “sell” rating in a report on Friday, July 27th. Morgan Stanley lifted 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. Finally, ValuEngine upgraded Zynga from a “hold” rating to a “buy” rating in a report on Wednesday, October 3rd. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the stock. Zynga has a consensus rating of “Hold” and an average price target of $4.89.

Several institutional investors have recently modified their holdings of the company. Bank of Montreal Can lifted its holdings in shares of 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 purchasing an additional 17,269 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in shares of Zynga by 2.2% in the second quarter. State Board of Administration of Florida Retirement System now owns 953,264 shares of the company’s stock valued at $3,880,000 after purchasing an additional 20,290 shares in the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of Zynga by 99.7% in the second quarter. BNP Paribas Arbitrage SA now owns 46,102 shares of the company’s stock valued at $188,000 after purchasing an additional 23,017 shares in the last quarter. Swiss National Bank lifted its holdings in shares of Zynga by 1.8% in the second quarter. Swiss National Bank now owns 1,377,253 shares of the company’s stock valued at $5,605,000 after purchasing an additional 24,100 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in shares of Zynga by 40.0% in the second quarter. State of Alaska Department of Revenue now owns 84,620 shares of the company’s stock valued at $344,000 after purchasing an additional 24,190 shares in the last quarter. Institutional investors own 74.61% of the company’s stock.

Zynga Company Profile

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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