Matthew S. Bromberg Sells 20,000 Shares of Zynga Inc (ZNGA) Stock

Zynga Inc (NASDAQ:ZNGA) COO Matthew S. Bromberg sold 20,000 shares of Zynga stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $3.92, for a total value of $78,400.00. Following the transaction, the chief operating officer now owns 274,206 shares of the company’s stock, valued at $1,074,887.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Zynga Inc (NASDAQ:ZNGA) traded down $0.05 during trading on Thursday, hitting $3.75. The stock had a trading volume of 20,010,000 shares, compared to its average volume of 10,470,000. The stock has a market capitalization of $3,260.00, a PE ratio of -125.00, a PEG ratio of 2.79 and a beta of 0.76. Zynga Inc has a 1-year low of $2.40 and a 1-year high of $4.34.

Zynga (NASDAQ:ZNGA) last posted its quarterly earnings data on Tuesday, November 7th. The company reported $0.02 EPS for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.01. The business had revenue of $224.60 million during the quarter, compared to analysts’ expectations of $211.98 million. Zynga had a negative return on equity of 1.37% and a negative net margin of 2.65%. The business’s revenue was up 23.1% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.05) earnings per share. equities analysts predict that Zynga Inc will post 0.02 earnings per share for the current fiscal year.

ZNGA has been the subject of several recent research reports. Cowen reiterated a “buy” rating and set a $4.50 price target on shares of Zynga in a research report on Thursday, October 12th. Wedbush set a $5.00 price target on Zynga and gave the company a “buy” rating in a research report on Wednesday, October 18th. Zacks Investment Research upgraded Zynga from a “hold” rating to a “strong-buy” rating and set a $4.50 price target for the company in a research report on Saturday, November 11th. BidaskClub cut Zynga from a “buy” rating to a “hold” rating in a research report on Wednesday, December 6th. Finally, KeyCorp reiterated a “hold” rating on shares of Zynga in a research report on Tuesday, October 17th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Zynga presently has an average rating of “Buy” and an average target price of $4.14.

Several institutional investors have recently bought and sold shares of ZNGA. The Manufacturers Life Insurance Company increased its position in shares of Zynga by 23.2% in the second quarter. The Manufacturers Life Insurance Company now owns 30,835 shares of the company’s stock valued at $112,000 after buying an additional 5,815 shares in the last quarter. Crow Point Partners LLC purchased a new stake in shares of Zynga in the fourth quarter valued at approximately $114,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Zynga in the third quarter valued at approximately $150,000. Prudential Financial Inc. increased its position in shares of Zynga by 9.1% in the second quarter. Prudential Financial Inc. now owns 44,500 shares of the company’s stock valued at $162,000 after buying an additional 3,700 shares in the last quarter. Finally, Bayesian Capital Management LP purchased a new stake in shares of Zynga in the second quarter valued at approximately $170,000. Institutional investors and hedge funds own 70.46% of the company’s stock.

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Zynga Company Profile

Zynga Inc is a provider of social game services. The Company develops, markets and operates social games as live services played on mobile platforms, such as iPhone Operating System (iOS) operating system and Android operating system and social networking sites, such as Facebook. The Company has developed a range of social games, including games in its Slots, Words With Friends, Zynga Poker and FarmVille franchises.

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

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