Price Target Update on Zynga (NASDAQ:ZNGA)

Zynga (NASDAQ:ZNGA) : 10 Wall Street analysts covering Zynga (NASDAQ:ZNGA) believe that the average level the stock could reach for the short term is $3.16. The maximum price target given is $5 and the minimum target for short term is around $3, hence the standard deviation is calculated at $0.83.

Other Equity analysts have also commented on the company shares. Major Brokerage house, UBS maintains its ratings on Zynga (NASDAQ:ZNGA). In the latest research report, UBS lowers the target price from $3.5 per share to $3 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on February 11, 2016.

Zynga (NASDAQ:ZNGA): stock turned positive on Thursday. Though the stock opened at $2.55, the bulls momentum made the stock top out at $2.625 level for the day. The stock recorded a low of $2.53 and closed the trading day at $2.55, in the green by 0.39%. The total traded volume for the day was 15,609,482. The stock had closed at $2.54 in the previous days trading.

The company shares have dropped -15.05% from its 1 Year high price. On Jun 26, 2015, the shares registered one year high at $3.00 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $2.57 and the 200 Day Moving Average price is recorded at $2.40. On the companys insider trading activities,The officer (General Counsel, Sec. and VP) of Zynga Inc, Shah Devang sold 223,168 shares at $2.57 on June 16, 2016. The Insider selling transaction had a total value worth of $573,542. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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 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.

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