Insider Selling: Zynga Inc (ZNGA) COO Sells 41,500 Shares of Stock

Zynga Inc (NASDAQ:ZNGA) COO Matthew S. Bromberg sold 41,500 shares of the stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $5.27, for a total value of $218,705.00. Following the transaction, the chief operating officer now owns 623,703 shares of the company’s stock, valued at $3,286,914.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of NASDAQ:ZNGA traded up $0.19 during mid-day trading on Friday, reaching $5.44. 36,254,299 shares of the stock were exchanged, compared to its average volume of 13,517,486. Zynga Inc has a one year low of $3.32 and a one year high of $5.55. The company has a market cap of $5.04 billion, a PE ratio of 272.00, a PEG ratio of 1.80 and a beta of 0.41.

Zynga (NASDAQ:ZNGA) last issued its quarterly earnings results on Wednesday, February 6th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.02). Zynga had a net margin of 1.70% and a return on equity of 1.14%. The company had revenue of $248.69 million for the quarter, compared to analyst estimates of $245.78 million. During the same period last year, the company posted $0.01 earnings per share. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. On average, research analysts anticipate that Zynga Inc will post 0.14 EPS for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of ZNGA. JPMorgan Chase & Co. boosted its position in Zynga by 2,424.9% during the third quarter. JPMorgan Chase & Co. now owns 623,434 shares of the company’s stock valued at $2,500,000 after purchasing an additional 598,743 shares during the last quarter. Jane Street Group LLC boosted its position in Zynga by 39.0% during the third quarter. Jane Street Group LLC now owns 165,741 shares of the company’s stock valued at $665,000 after purchasing an additional 46,541 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Zynga by 5,238.1% during the third quarter. The Manufacturers Life Insurance Company now owns 1,775,455 shares of the company’s stock valued at $7,120,000 after purchasing an additional 1,742,195 shares during the last quarter. IndexIQ Advisors LLC boosted its position in Zynga by 3.9% during the third quarter. IndexIQ Advisors LLC now owns 621,105 shares of the company’s stock valued at $2,491,000 after purchasing an additional 23,459 shares during the last quarter. Finally, Teachers Advisors LLC boosted its position in Zynga by 41.4% during the third quarter. Teachers Advisors LLC now owns 10,244,190 shares of the company’s stock valued at $41,079,000 after purchasing an additional 2,997,355 shares during the last quarter. 78.34% of the stock is owned by hedge funds and other institutional investors.

A number of research firms recently issued reports on ZNGA. BidaskClub downgraded Zynga from a “buy” rating to a “hold” rating in a report on Thursday. Piper Jaffray Companies reiterated an “overweight” rating and set a $6.00 price objective on shares of Zynga in a report on Thursday, February 7th. Wedbush decreased their price objective on Zynga from $6.00 to $5.00 and set a “buy” rating for the company in a report on Friday, December 21st. Stephens began coverage on Zynga in a report on Thursday, January 10th. They set an “equal weight” rating and a $4.75 price objective for the company. Finally, Barclays set a $4.00 price objective on Zynga and gave the stock a “sell” rating in a report on Sunday, December 30th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $4.98.

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Zynga Company Profile

Zynga Inc develops, markets, and operates social games as live services in the United States and internationally. The company's games are played on mobile platforms, such as Apple iOS and Google's Android operating systems, as well as on social networking sites, such as Facebook. It also provides advertising services comprising mobile and display ads, engagement ads and offers, and branded virtual items and sponsorships to advertising agencies and brokers; and licenses its own brands.

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Insider Buying and Selling by Quarter for Zynga (NASDAQ:ZNGA)

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