Zynga (ZNGA) : Zacks Investment Research ranks Zynga (ZNGA) as 3, which is a Hold recommendation. 4 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 2 Sell recommendation. A total of 5 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 11 research analysts is 2.45, which indicates as a Buy.
Zynga (ZNGA) : The most positive equity analysts on Zynga (ZNGA) expects the shares to touch $5, whereas, the least positive believes that the stock will trade at $3 in the short term. The company is covered by 9 Wall Street Brokerage Firms. The average price target for shares are $3.32 with an expected fluctuation of $0.83 from the mean.
Company shares have received an average consensus rating of Hold for the current week Zynga (NASDAQ:ZNGA): The stock opened at $2.72 on Thursday but the bulls could not build on the opening and the stock topped out at $2.73 for the day. The stock traded down to $2.66 during the day, due to lack of any buying support eventually closed down at $2.66 with a loss of -2.21% for the day. The stock had closed at $2.72 on the previous day. The total traded volume was 16,145,707 shares.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (General Counsel, Sec. and VP) of Zynga Inc, Shah Devang had sold 40,443 shares worth of $114,454 in a transaction dated July 18, 2016. In this transaction, 40,443 shares were sold at $2.83 per share.
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 Companys 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 Companys brands.