Ellen F. Siminoff Sells 5,000 Shares of Zynga Inc (NASDAQ:ZNGA) Stock

Zynga Inc (NASDAQ:ZNGA) Director Ellen F. Siminoff sold 5,000 shares of the stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $6.16, for a total value of $30,800.00. Following the sale, the director now owns 336,052 shares of the company’s stock, valued at $2,070,080.32. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Shares of ZNGA traded up $0.04 during trading hours on Thursday, hitting $6.24. The stock had a trading volume of 7,929,918 shares, compared to its average volume of 17,383,607. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.99 and a quick ratio of 1.99. The firm has a 50 day simple moving average of $5.92 and a 200-day simple moving average of $5.96. The firm has a market capitalization of $5.73 billion, a P/E ratio of 311.75, a price-to-earnings-growth ratio of 3.11 and a beta of 0.28. Zynga Inc has a 1-year low of $3.32 and a 1-year high of $6.65.

Zynga (NASDAQ:ZNGA) last issued its earnings results on Wednesday, July 31st. The company reported ($0.06) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.09). The firm had revenue of $306.50 million during the quarter, compared to analyst estimates of $293.18 million. Zynga had a negative net margin of 16.50% and a negative return on equity of 10.42%. The business’s revenue was up 41.2% on a year-over-year basis. Equities analysts predict that Zynga Inc will post 0.13 EPS for the current fiscal year.

ZNGA has been the subject of a number of recent analyst reports. Jefferies Financial Group initiated coverage on Zynga in a report on Thursday, July 11th. They set a “buy” rating and a $7.50 price target for the company. Wedbush reiterated an “outperform” rating and set a $9.00 price target on shares of Zynga in a report on Tuesday, August 27th. Robert W. Baird set a $8.00 price target on Zynga and gave the stock a “buy” rating in a report on Thursday, August 29th. BidaskClub upgraded Zynga from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 9th. Finally, ValuEngine downgraded Zynga from a “buy” rating to a “hold” rating in a report on Friday, September 27th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $6.96.

Several institutional investors and hedge funds have recently modified their holdings of ZNGA. Machina Capital S.A.S. acquired a new stake in shares of Zynga in the 2nd quarter valued at about $27,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of Zynga in the 2nd quarter valued at about $30,000. Atria Investments LLC acquired a new stake in shares of Zynga in the 2nd quarter valued at about $34,000. Cornerstone Advisors Inc. acquired a new stake in shares of Zynga in the 2nd quarter valued at about $35,000. Finally, Flagship Harbor Advisors LLC acquired a new position in Zynga during the 2nd quarter valued at about $37,000. Institutional investors own 72.10% 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 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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