Brokerages expect Zynga Inc (NASDAQ:ZNGA) to post $213.57 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Zynga’s earnings. The highest sales estimate is $220.00 million and the lowest is $210.07 million. Zynga reported sales of $207.36 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 3%. The company is expected to report its next earnings results on Thursday, May 3rd.
According to Zacks, analysts expect that Zynga will report full-year sales of $213.57 million for the current fiscal year, with estimates ranging from $897.90 million to $952.00 million. For the next financial year, analysts forecast that the firm will post sales of $1.02 billion per share, with estimates ranging from $923.40 million to $1.11 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Zynga.
Zynga (NASDAQ:ZNGA) last posted its quarterly earnings results on Wednesday, February 7th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.02). The company had revenue of $233.30 million during the quarter, compared to analysts’ expectations of $218.64 million. Zynga had a return on equity of 1.66% and a net margin of 3.09%. Zynga’s revenue for the quarter was up 22.5% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.04) EPS.
Several equities research analysts recently commented on the company. Zacks Investment Research downgraded Zynga from a “hold” rating to a “sell” rating in a report on Tuesday, February 13th. Jefferies Group reiterated a “buy” rating and issued a $5.00 price objective on shares of Zynga in a report on Sunday, February 11th. Credit Suisse Group lifted their price objective on Zynga from $3.80 to $4.00 and gave the stock an “underperform” rating in a report on Thursday, February 8th. Wedbush set a $6.00 price objective on Zynga and gave the stock a “buy” rating in a report on Thursday, February 8th. Finally, BidaskClub upgraded Zynga from a “strong sell” rating to a “sell” rating in a report on Tuesday, February 6th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $4.24.
In other Zynga news, COO Matthew S. Bromberg sold 20,000 shares of the business’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $3.92, for a total transaction of $78,400.00. Following the completion of the sale, the chief operating officer now directly owns 274,206 shares in the company, valued at approximately $1,074,887.52. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Matthew S. Bromberg sold 50,000 shares of the business’s stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $3.95, for a total value of $197,500.00. Following the sale, the chief operating officer now owns 294,206 shares of the company’s stock, valued at $1,162,113.70. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 256,000 shares of company stock valued at $1,007,560. Corporate insiders own 12.43% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the business. Bourgeon Capital Management LLC lifted its position in shares of Zynga by 147.1% during the 4th quarter. Bourgeon Capital Management LLC now owns 25,200 shares of the company’s stock valued at $101,000 after buying an additional 15,000 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Zynga by 23.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 30,835 shares of the company’s stock valued at $112,000 after buying an additional 5,815 shares in the last quarter. Crow Point Partners LLC purchased a new position in shares of Zynga during the 4th quarter valued at about $114,000. Sawtooth Solutions LLC lifted its position in shares of Zynga by 98.6% during the 4th quarter. Sawtooth Solutions LLC now owns 36,515 shares of the company’s stock valued at $146,000 after buying an additional 18,131 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Zynga during the 3rd quarter valued at about $150,000. Institutional investors and hedge funds own 71.87% of the company’s stock.
Zynga (ZNGA) traded up $0.02 during midday trading on Wednesday, reaching $3.59. The company had a trading volume of 7,045,370 shares, compared to its average volume of 15,850,000. Zynga has a 52 week low of $2.62 and a 52 week high of $4.34. The company has a market cap of $3,130.00, a P/E ratio of 119.67, a price-to-earnings-growth ratio of 2.62 and a beta of 0.51.
Zynga Company Profile
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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