Zynga Inc (NASDAQ:ZNGA) Insider Phuong Y. Phillips Sells 12,090 Shares

Zynga Inc (NASDAQ:ZNGA) insider Phuong Y. Phillips sold 12,090 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $6.29, for a total value of $76,046.10. Following the transaction, the insider now directly owns 207,649 shares in the company, valued at $1,306,112.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

NASDAQ ZNGA traded down $0.05 on Wednesday, reaching $6.25. The stock had a trading volume of 79,444 shares, compared to its average volume of 14,745,536. The business has a 50 day moving average price of $6.16 and a 200 day moving average price of $6.08. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.36. Zynga Inc has a 1 year low of $3.32 and a 1 year high of $6.65. The company has a market capitalization of $5.94 billion, a price-to-earnings ratio of 313.00, a P/E/G ratio of 2.97 and a beta of 0.31.

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

Several research firms recently weighed in on ZNGA. UBS Group upped their price target on Zynga from $8.00 to $8.30 and gave the company a “buy” rating in a research report on Wednesday, November 13th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $7.00 price target on shares of Zynga in a research report on Wednesday, September 18th. BidaskClub lowered Zynga from a “hold” rating to a “sell” rating in a research report on Wednesday. Barclays set a $6.00 price target on Zynga and gave the company a “hold” rating in a research report on Monday, October 21st. Finally, Robert W. Baird set a $8.00 price target on Zynga and gave the company a “buy” rating in a research report on Thursday, August 29th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $7.25.

A number of hedge funds and other institutional investors have recently modified their holdings of ZNGA. Periscope Capital Inc. bought a new stake in shares of Zynga during the 3rd quarter worth about $141,000. Banco Santander S.A. bought a new stake in shares of Zynga during the 3rd quarter worth about $194,000. Tower Research Capital LLC TRC boosted its stake in shares of Zynga by 232.2% during the 3rd quarter. Tower Research Capital LLC TRC now owns 12,131 shares of the company’s stock worth $71,000 after acquiring an additional 8,479 shares in the last quarter. Carillon Tower Advisers Inc. bought a new stake in shares of Zynga during the 3rd quarter worth about $27,923,000. Finally, SG Americas Securities LLC boosted its stake in shares of Zynga by 569.8% during the 3rd quarter. SG Americas Securities LLC now owns 102,904 shares of the company’s stock worth $599,000 after acquiring an additional 87,540 shares in the last quarter. Hedge funds and other institutional investors own 73.98% of the company’s stock.

About Zynga

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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Insider Buying and Selling by Quarter for Zynga (NASDAQ:ZNGA)

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