Jefferies Group reiterated their buy rating on shares of Zynga (NASDAQ:ZNGA) in a report issued on Sunday morning. The brokerage currently has a $5.00 target price on the stock. Jefferies Group also issued estimates for Zynga’s Q1 2018 earnings at $0.01 EPS, Q2 2018 earnings at $0.02 EPS, Q3 2018 earnings at $0.03 EPS, Q4 2018 earnings at $0.04 EPS and FY2019 earnings at $0.11 EPS.

ZNGA has been the subject of several other reports. Wedbush set a $6.00 price target on Zynga and gave the company a buy rating in a research report on Thursday, February 8th. Zacks Investment Research cut Zynga from a strong-buy rating to a hold rating in a research report on Wednesday, November 15th. Consumer Edge began coverage on Zynga in a research report on Wednesday, January 3rd. They set an overweight rating and a $4.50 price target for the company. BidaskClub cut Zynga from a sell rating to a strong sell rating in a research report on Wednesday, January 31st. Finally, KeyCorp reissued a hold rating on shares of Zynga in a research report on Tuesday, October 17th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the stock. Zynga currently has an average rating of Hold and an average price target of $4.19.

Zynga (ZNGA) opened at $3.49 on Friday. Zynga has a 52-week low of $2.55 and a 52-week high of $4.34. The company has a market capitalization of $3,040.00, a P/E ratio of 116.33, a P/E/G ratio of 3.14 and a beta of 0.51.

Zynga (NASDAQ:ZNGA) last issued its quarterly earnings results on Wednesday, February 7th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.02). Zynga had a net margin of 3.09% and a return on equity of 1.66%. The company had revenue of $233.30 million for the quarter, compared to analyst estimates of $218.64 million. During the same period last year, the company posted ($0.04) earnings per share. The business’s revenue for the quarter was up 22.5% on a year-over-year basis. equities research analysts anticipate that Zynga will post 0.05 EPS for the current fiscal year.

In other news, COO Matthew S. Bromberg sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $3.92, for a total value of $78,400.00. Following the completion of the sale, the chief operating officer now directly owns 274,206 shares of the company’s stock, valued at $1,074,887.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Matthew S. Bromberg sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of $3.95, for a total value of $197,500.00. Following the completion of the sale, the chief operating officer now directly owns 294,206 shares of the company’s stock, valued at $1,162,113.70. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 256,000 shares of company stock valued at $1,007,560. Insiders own 12.43% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC acquired a new stake in Zynga during the 3rd quarter worth approximately $5,461,000. Cipher Capital LP acquired a new stake in Zynga during the 3rd quarter worth approximately $977,000. TD Asset Management Inc. lifted its holdings in Zynga by 13.6% during the 3rd quarter. TD Asset Management Inc. now owns 278,900 shares of the company’s stock worth $1,054,000 after purchasing an additional 33,400 shares during the last quarter. FMR LLC acquired a new stake in Zynga during the 2nd quarter worth approximately $8,920,000. Finally, Northern Trust Corp lifted its holdings in Zynga by 8.1% during the 2nd quarter. Northern Trust Corp now owns 4,667,868 shares of the company’s stock worth $16,992,000 after purchasing an additional 349,093 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Zynga (NASDAQ:ZNGA)

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