Zynga Inc (NASDAQ:ZNGA) Insider Jeffrey Miles Ryan Sells 36,798 Shares

Zynga Inc (NASDAQ:ZNGA) insider Jeffrey Miles Ryan sold 36,798 shares of the company’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $6.09, for a total value of $224,099.82. Following the sale, the insider now owns 10,667 shares of the company’s stock, valued at approximately $64,962.03. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

NASDAQ ZNGA opened at $6.05 on Monday. Zynga Inc has a twelve month low of $3.32 and a twelve month high of $6.55. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.01. The stock has a market cap of $5.66 billion, a P/E ratio of 302.50, a price-to-earnings-growth ratio of 3.20 and a beta of 0.32.

Zynga (NASDAQ:ZNGA) last posted its quarterly earnings data on Wednesday, May 1st. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.17). Zynga had a negative return on equity of 7.09% and a negative net margin of 12.34%. The business had revenue of $265.00 million for the quarter, compared to analyst estimates of $255.45 million. During the same period in the prior year, the firm posted $0.01 EPS. Zynga’s revenue for the quarter was up 27.4% on a year-over-year basis. As a group, analysts expect that Zynga Inc will post 0.13 EPS for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of ZNGA. Parallel Advisors LLC lifted its position in shares of Zynga by 1,171.4% during the 4th quarter. Parallel Advisors LLC now owns 8,480 shares of the company’s stock worth $33,000 after purchasing an additional 7,813 shares during the last quarter. Suntrust Banks Inc. acquired a new position in shares of Zynga during the 4th quarter worth about $48,000. AdvisorNet Financial Inc lifted its position in shares of Zynga by 18.0% during the 4th quarter. AdvisorNet Financial Inc now owns 14,060 shares of the company’s stock worth $55,000 after purchasing an additional 2,149 shares during the last quarter. Buckingham Asset Management LLC acquired a new position in shares of Zynga during the 1st quarter worth about $61,000. Finally, Marathon Trading Investment Management LLC acquired a new position in shares of Zynga during the 1st quarter worth about $67,000. 73.37% of the stock is owned by institutional investors and hedge funds.

Several analysts have recently issued reports on the company. Benchmark reiterated a “buy” rating and set a $8.00 price target (up previously from $5.00) on shares of Zynga in a research note on Thursday, May 2nd. Stephens upped their price target on Zynga from $5.25 to $6.50 and gave the stock an “equal weight” rating in a research note on Thursday, May 2nd. BidaskClub downgraded Zynga from a “buy” rating to a “hold” rating in a research note on Tuesday, June 18th. Bank of America upped their price target on Zynga from $5.50 to $6.50 and gave the stock a “neutral” rating in a research note on Thursday, May 2nd. Finally, KeyCorp upped their price target on Zynga from $5.00 to $6.00 and gave the stock an “overweight” rating in a research note on Monday, April 29th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $6.52.

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.

Featured Story: Current Ratio

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

Receive News & Ratings for Zynga Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zynga and related companies with MarketBeat.com's FREE daily email newsletter.