Zynga Inc (NASDAQ:ZNGA) COO Matthew S. Bromberg sold 41,500 shares of Zynga stock in a transaction dated Tuesday, January 15th. The shares were sold at an average price of $4.29, for a total value of $178,035.00. Following the completion of the transaction, the chief operating officer now owns 512,318 shares in the company, valued at approximately $2,197,844.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of ZNGA stock opened at $4.26 on Friday. Zynga Inc has a fifty-two week low of $3.20 and a fifty-two week high of $4.57. The stock has a market cap of $3.70 billion, a PE ratio of 142.00, a price-to-earnings-growth ratio of 1.91 and a beta of 0.18.

Zynga (NASDAQ:ZNGA) last issued its quarterly earnings results on Wednesday, October 31st. The company reported $0.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.01. Zynga had a return on equity of 1.89% and a net margin of 3.12%. The business had revenue of $233.24 million for the quarter, compared to analyst estimates of $224.54 million. During the same quarter in the previous year, the firm earned $0.02 earnings per share. The company’s revenue was up 3.8% on a year-over-year basis. As a group, research analysts forecast that Zynga Inc will post 0.09 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the company. Hotaling Investment Management LLC purchased a new stake in shares of Zynga during the fourth quarter worth about $55,000. First Hawaiian Bank grew its stake in shares of Zynga by 18.5% during the fourth quarter. First Hawaiian Bank now owns 18,240 shares of the company’s stock worth $72,000 after acquiring an additional 2,845 shares during the last quarter. DekaBank Deutsche Girozentrale grew its stake in shares of Zynga by 179.9% during the third quarter. DekaBank Deutsche Girozentrale now owns 24,635 shares of the company’s stock worth $103,000 after acquiring an additional 15,835 shares during the last quarter. Lourd Capital LLC purchased a new stake in shares of Zynga during the third quarter worth about $109,000. Finally, Macquarie Group Ltd. purchased a new stake in shares of Zynga during the second quarter worth about $117,000. Institutional investors and hedge funds own 78.92% of the company’s stock.

Several equities analysts have issued reports on the company. Stephens assumed coverage on Zynga in a research note on Thursday, January 10th. They issued an “equal weight” rating and a $4.75 target price on the stock. BidaskClub upgraded Zynga from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 5th. Barclays set a $4.00 target price on Zynga and gave the company a “sell” rating in a research note on Sunday, December 30th. Wedbush cut their target price on Zynga from $6.00 to $5.00 and set a “buy” rating on the stock in a research note on Friday, December 21st. Finally, Macquarie upgraded Zynga from a “neutral” rating to an “outperform” rating in a research note on Tuesday, December 11th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $4.83.

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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 iOS and Android operating systems, as well as on social networking sites, including Facebook. It also provides advertising services comprising mobile and display ads, engagement ads and offers, and branded virtual goods and sponsorships to advertising agencies and brokers; and software licensing and maintenance services related to NaturalMotion technology, as well as licenses its own brands.

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