Zynga Inc. (ZNGA): Is Now the Right Time To Buy In?


Zynga, Inc. (ZNGA) closed its previous trading session at $3.49 with the gain of 3.1%. The stock now has a Market Cap of $1.76B.

"In conjuncture with our white paper on DLC/MTX, we are raising our price target on Take-Two". Additionally, in our review, we came back to mgmt commentary about a more regular launch slate. The current consensus recommendation provided by covering analysts is 2.60. Finally, Pacific Crest reiterated a sector weight rating on shares of Zynga in a research report on Wednesday, April 26th. Analysts reported that the Price Target for Zynga, Inc. might touch $5 high while the Average Price Target and Low price Target is $3.41 and $2.5 respectively. Piper Jaffray Companies reaffirmed a "hold" rating and issued a $2.50 price objective on shares of Zynga in a report on Friday, January 20th. Goldman Sachs maintained the shares of ZNGA in report on Monday, August 10 with "Neutral" rating.

Based on their most recently released notes to investors, 4 analysts have a rating of "buy", 2 analysts "outperform", 9 analysts "hold", 1 analysts "underperform" and 0 analysts "sell". Mizuho reiterated a "buy" rating and set a $3.20 target price (down from $3.50) on shares of Zynga in a report on Thursday, February 16th. The stock exchanged hands with 41.02 million shares contrast to its average daily volume of 21.37 million shares. The company's market cap is $2.90 billion. The stock was sold at an average price of $2.73, for a total transaction of $52,443.30. The Company Touched its 52-Week High on 05/16/17 and 52-Week Low on 06/27/16.

Zynga (NASDAQ:ZNGA) last announced its earnings results on Thursday, May 4th. Comparatively, ZNGA posted earnings of $0.02 per share in the same quarter, a year earlier. The firm had revenue of $194.30 million for the quarter, compared to analysts' expectations of $188.14 million. It has a return on equity (ROE) of -5.60%. The firm's revenue for the quarter was up 4.1% on a year-over-year basis. The stock now has Monthly Volatility of 3.41% and Weekly Volatility of 3.44%. If you are reading this piece of content on another site, it was stolen and republished in violation of U.S. & worldwide trademark and copyright law. If you are reading this piece of content on another domain, it was illegally copied and reposted in violation of USA and global copyright & trademark legislation. The correct version of this article can be read at https://sportsperspectives.com/2017/05/17/zynga-inc-znga-given-buy-rating-at-jefferies-group-llc-updated-updated-updated.html.

In order to reach an opinion and communicate the value and volatility of a covered security, analysts research public financial statements, listen in on conference calls and talk to managers and the customers of a company, typically in an attempt to capture the findings for a research report. The closing price represents the final price that a stock is traded for on a trading day.

More news: Trump Asked FBI's Comey to Drop Flynn Inquiry
More news: Clark provides positive outlook despite cloudy political future
More news: Beauty sleep is a real thing, researchers find

Target Corporation (NYSE:TGT) shares has displayed a high EPS growth of 1.40% in last 5 years. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

In other Zynga news, Director Ellen F. Siminoff sold 12,000 shares of the company's stock in a transaction dated Monday, April 3rd. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 215,253 shares of company stock worth $590,864. Highbridge Capital Management LLC acquired a new position in Zynga during the first quarter worth approximately $797,000.

Zynga Inc (NASDAQ:ZNGA) performance over the past one year soared 32.94% whereas its year to date (YTD) performance indicated a bullish trend of 31.91%.

At the end of Mar reporting period, 107 institutional holders increased their position in Zynga Inc. HighTower Advisors LLC bought a new stake in shares of Zynga during the first quarter valued at about $116,000. Credit Suisse AG raised its position in shares of Zynga by 92.9% in the first quarter. Moors & Cabot Inc. now owns 131,050 shares of the company's stock valued at $377,000 after buying an additional 7,000 shares in the last quarter. Market Cap is also the figure use to determine company's size, as opposed to using sales or total asset figures. If you are looking for dividend paying stocks, the most reliable companies to add to your portfolio are those that don't just pay dividends, but that raise them regularly.