Jeffrey Buckley Sells 9,453 Shares of Zynga Inc (NASDAQ:ZNGA) Stock

Zynga Inc (NASDAQ:ZNGA) CAO Jeffrey Buckley sold 9,453 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $6.26, for a total transaction of $59,175.78. Following the sale, the chief accounting officer now directly owns 73,337 shares of the company’s stock, valued at $459,089.62. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Jeffrey Buckley also recently made the following trade(s):

  • On Monday, September 23rd, Jeffrey Buckley sold 34,663 shares of Zynga stock. The stock was sold at an average price of $6.14, for a total transaction of $212,830.82.

ZNGA stock traded up $0.04 during trading on Tuesday, reaching $6.30. The stock had a trading volume of 12,175,200 shares, compared to its average volume of 17,099,000. Zynga Inc has a 1-year low of $3.32 and a 1-year high of $6.65. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $5.94 billion, a P/E ratio of 315.00, a PEG ratio of 2.97 and a beta of 0.31. The firm has a fifty day moving average price of $6.15 and a 200 day moving average price of $6.08.

Zynga (NASDAQ:ZNGA) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.05 EPS for the quarter, hitting analysts’ consensus estimates of $0.05. Zynga had a net margin of 3.94% and a negative return on equity of 11.86%. The firm had revenue of $345.29 million for the quarter, compared to analyst estimates of $330.56 million. During the same quarter in the previous year, the business posted $0.01 EPS. The firm’s revenue was up 48.0% compared to the same quarter last year. Sell-side analysts predict that Zynga Inc will post 0.15 EPS for the current year.

A number of hedge funds have recently modified their holdings of ZNGA. First Hawaiian Bank lifted its holdings in Zynga by 26.8% in the 2nd quarter. First Hawaiian Bank now owns 15,428 shares of the company’s stock worth $95,000 after buying an additional 3,259 shares in the last quarter. Cornerstone Advisors Inc. acquired a new position in Zynga in the 2nd quarter worth $35,000. NEXT Financial Group Inc acquired a new position in Zynga in the 2nd quarter worth $193,000. Oakbrook Investments LLC lifted its holdings in Zynga by 20.6% in the 2nd quarter. Oakbrook Investments LLC now owns 36,950 shares of the company’s stock worth $227,000 after buying an additional 6,300 shares in the last quarter. Finally, Meridian Wealth Management LLC acquired a new position in Zynga in the 2nd quarter worth $641,000. Hedge funds and other institutional investors own 73.98% of the company’s stock.

ZNGA has been the subject of a number of research reports. Barclays set a $6.00 price target on shares of Zynga and gave the stock a “hold” rating in a research report on Monday, October 21st. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $7.00 price target on shares of Zynga in a research report on Wednesday, September 18th. ValuEngine cut shares of Zynga from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. Bank of America upped their price target on shares of Zynga from $6.60 to $6.70 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Finally, UBS Group upped their price target on shares of Zynga from $8.00 to $8.30 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $7.25.

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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