Short Term Price Target on Zynga (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.

Zynga, Inc. has lost 2.35% in the last five trading days and dropped 5.68% in the last 4 weeks. Zynga, Inc. is up 13.18% in the last 3-month period. Year-to-Date the stock performance stands at -7.09%.

Zynga (NASDAQ:ZNGA) : The consensus on Zynga (NASDAQ:ZNGA) based on 11 analyst recommendation on the company stock is 2.45, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 4 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 5 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 2 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Zynga (NASDAQ:ZNGA).

Zynga (NASDAQ:ZNGA): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $2.45 and $2.41 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $2.55. The buying momentum continued till the end and the stock did not give up its gains. It closed at $2.49, notching a gain of 2.89% for the day. The total traded volume was 26,599,620 . The stock had closed at $2.42 on the previous day.

In an insider trading activity, Shah Devang, officer (General Counsel, Sec. and VP) of Zynga Inc, unloaded 263,903 shares at an average price of $2.56 on June 16, 2016. The total amount of the transaction was worth $675,592, according to the disclosed information 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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