Trader’s Buzzer: Zynga Inc Cl A Cmn (ZNGA)

Trader’s Buzzer: Zynga Inc Cl A Cmn (ZNGA)

Zynga Inc. (NASDAQ:ZNGA) shares traded +4.70% during the most recent session. Cowen and Company now has an outperform rating on the stock. The stock is gapping up 1.35% before market open touching $0.60 on a recent bid.

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The stock Hit its 1-year high of $3.82 on 06/09/17 and its 1-year low price of $2.27 on 06/27/16. The scale runs from 1 to 5 with 1 recommending Strong Buy and 5 recommending a Strong Sell. Mizuho restated a “buy” rating and set a $4.20 price target (up from $3.50) on shares of Zynga in a report on Saturday, June 3rd. On a consensus basis, analysts have given a recommendation of 2.40 on company shares. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. 10,915,733 shares of the stock traded hands. Following the completion of the transaction, the director now owns 153,057 shares of the company’s stock, valued at approximately $544,882.92. Also, General Counsel Devang Shah sold 19,210 shares of the business’s stock in a transaction on Monday, April 17th. The stock was sold at an average price of $2.73, for a total value of $52,443.30. The disclosure for this sale can be found here. Company insiders own 12.43% of the company’s stock. Two Sigma Securities LLC raised its position in Zynga by 103.1% in the first quarter.

In Biotechnology Industry, CytRx Corporation (CYTR) have 145.68 million outstanding shares now held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company’s officers and insiders. For the quarter, shares have been noted at -34.01%. Finally, Gladstone Capital Management LLP bought a new stake in Zynga during the first quarter worth about $1,648,000. The investment community uses this figure to determine a company’s size, as opposed to sales or total asset figures. For the past month, Zynga Inc.’s stock has been 5.87%, 35.36% for the last quarter, 43.02% for the past six months and 48.63% for the past 52 weeks.

The stock’s market capitalization is $3.26 billion. The share price has moved forward from its 20 days moving average, trading at a distance of 5.38% and stays 14.93% away from its 50 days moving average. Equities analysts predict that Zynga Inc. will post $0.09 earnings per share for the current year.

Zynga Inc. has a consensus outperform rating from 16 Wall Street analysts, and the number of shares now sold short amount to at least 2.27% of shares outstanding. Return on Equity (ROE) stands at -5.6% and Return on Investment (ROI) of -7.4 percent.

By having an overview of the Income statement for Zynga Inc Cl A Cmn (NASDAQ:ZNGA) the Revenue for the trailing twelve months is 748.98 Million. Based on a recent bid, the stock is trading 0.52% away from it’s 52- week high and 69.16% away from its 52 week low.