Zynga Inc (ZNGA) is Reiterated by The Benchmark Company to Buy, Raises Price Target to $ 3.22

Zynga Inc (ZNGA) was Reiterated by The Benchmark Company to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 3.22 from a previous price target of $3.18 . The Benchmark Company advised their investors in a research report released on May 5, 2016.

Many Wall Street Analysts have commented on Zynga Inc. Shares were Reiterated by Wedbush on Feb 11, 2016 to “Outperform” and Lowered the Price Target to $ 4.25 from a previous price target of $5.50 .Shares were Reiterated by The Benchmark Company on Feb 9, 2016 to “Buy” and Lowered the Price Target to $ 3.15 from a previous price target of $3.25 .

On the company’s financial health, Zynga Inc reported $-0.01 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 6, 2015. Analyst had a consensus of $-0.02. The company had revenue of $199.90 million for the quarter, compared to analysts expectations of $187.84 million. The company’s revenue was up 30.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.07 EPS.

Zynga Inc closed down -0.02 points or -0.86% at $2.3 with 79,84,286 shares getting traded on Wednesday. Post opening the session at $2.31, the shares hit an intraday low of $2.275 and an intraday high of $2.32 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Apr 19, 2016, Devang Shah (General Counsel, Sec. and VP) sold 21,771 shares at $2.39 per share price. According to the SEC, on Oct 19, 2015, David J. Lee (Chief Financial Officer) sold 51,595 shares at $2.43 per share price. On Sep 17, 2015, Ellen F Siminoff (director) sold 10,000 shares at $2.48 per share price, according to the Form-4 filing with the securities and exchange commission.

Zynga Inc. (Zynga) is a provider of social game services. The Company develops markets and operates social games as live services played on mobile platforms such as iOS and Android and social networking sites such as Facebook. The Company’s games are also accessible on Zynga.com. The Company has developed online social games such as FarmVille Words With Friends Zynga Poker Hit It Rich! Slots and CSR Racing. The Company is also engaged in the sale of virtual currency that players use to buy in-game virtual goods and mobile games. It also offers advertising services such as Branded Virtual Goods and Sponsorships Engagement Ads and Offers Mobile Ads Display Ads and Licensing of Company’s brands.

Zynga Inc

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