Press coverage about Zynga (NASDAQ:ZNGA) has been trending somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Zynga earned a news impact score of 0.16 on Accern’s scale. Accern also gave media coverage about the company an impact score of 45.2724733242686 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
- Analysts Offer Predictions for Zynga Inc’s Q1 2019 Earnings (ZNGA) (americanbankingnews.com)
- Zynga Inc Stock Could Be a Big Winner, But It’s Still Risky (investorplace.com)
- Zynga (ZNGA) Releases Quarterly Earnings Results, Misses Expectations By $0.02 EPS (americanbankingnews.com)
- Wedbush Analysts Give Zynga (ZNGA) a $6.00 Price Target (americanbankingnews.com)
- Zynga (ZNGA) Posts Earnings in Q4 on Strong Top-Line Growth (finance.yahoo.com)
A number of analysts have weighed in on the stock. Zacks Investment Research lowered shares of Zynga from a “strong-buy” rating to a “hold” rating in a research note on Saturday, January 13th. Consumer Edge assumed coverage on shares of Zynga in a research note on Wednesday, January 3rd. They set an “overweight” rating and a $4.50 price objective for the company. Wedbush set a $5.00 price objective on shares of Zynga and gave the company a “buy” rating in a research note on Wednesday, October 18th. KeyCorp restated a “hold” rating on shares of Zynga in a research note on Tuesday, October 17th. Finally, BidaskClub lowered shares of Zynga from a “buy” rating to a “hold” rating in a research note on Wednesday, December 6th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Zynga presently has a consensus rating of “Hold” and a consensus price target of $4.19.
Shares of Zynga (ZNGA) opened at $3.31 on Friday. The stock has a market cap of $3,038.20, a PE ratio of 110.37, a PEG ratio of 2.56 and a beta of 0.51. Zynga has a 1-year low of $2.40 and a 1-year high of $4.34.
Zynga (NASDAQ:ZNGA) last posted its quarterly earnings data on Wednesday, February 7th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). The business had revenue of $233.30 million during the quarter, compared to the consensus estimate of $218.64 million. Zynga had a return on equity of 1.66% and a net margin of 3.09%. The company’s revenue for the quarter was up 22.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.04) earnings per share. analysts predict that Zynga will post 0.06 earnings per share for the current year.
In related news, insider Bernard Jin Kim sold 50,000 shares of the business’s stock in a transaction dated Friday, December 29th. The stock was sold at an average price of $3.94, for a total transaction of $197,000.00. Following the transaction, the insider now directly owns 349,450 shares in the company, valued at $1,376,833. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ellen F. Siminoff sold 12,000 shares of the business’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $3.74, for a total value of $44,880.00. Following the transaction, the director now owns 247,900 shares in the company, valued at $927,146. The disclosure for this sale can be found here. Insiders sold 256,000 shares of company stock worth $1,007,560 over the last quarter. 12.43% of the stock is currently owned by corporate insiders.
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Zynga Inc is a provider of social game services. The Company develops, markets and operates social games as live services played on mobile platforms, such as iPhone Operating System (iOS) operating system and Android operating system and social networking sites, such as Facebook. The Company has developed a range of social games, including games in its Slots, Words With Friends, Zynga Poker and FarmVille franchises.
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