Economy

Zynga Inc. (ZNGA) Raised to "Buy" at BidaskClub

Its book value per share for the most recent quarter is $1.83 while its price to book ratio for the same period is 1.97, as for as the company's cash per share for the most recent quarter is $0, however its price to cash per share ratio for the same period is 0. The stock exchanged hands 6.71 Million shares versus average trading capacity of 11.11 Million shares, yielding a market cap of $3.12 Billion. The stock rose 0.98% or $0.71 reaching $73.52 per share. About 3.33M shares traded. Zynga Inc (NASDAQ:ZNGA) has risen 35.83% since September 7, 2016 and is uptrending. It has outperformed by 79.72% the S&P500. First Advisors L P has 0.08% invested in Zynga Inc (NASDAQ:ZNGA). GIBEAU FRANK D also sold $457,111 worth of Zynga Inc (NASDAQ:ZNGA) shares. The company reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.02 by $0.01. Ivory Investment Management Lp who had been investing in Zynga Inc for a number of months, seems to be less bullish one the $3.14B market cap company. We have $3.38 PT which if reached, will make NASDAQ:ZNGA worth $186.60 million less. About 144,459 shares traded. Glenmede Trust Na reported 0% in Zynga Inc (NASDAQ:ZNGA). It has outperformed by 0.88% the S&P500.

Investors sentiment increased to 1.65 in Q4 2016. Its down 0.63, from 1.53 in 2016Q3. It increased, as 25 investors sold Zynga Inc shares while 61 reduced holdings.

The most recent non open market insider trade was completed by BUCKLEY JEFFREY on 08/15/2017, and was a disposition of 940 shares with a final price of $3.62. Canada Pension Plan Investment Board owns 3.07 million shares. M&T Bank holds 0% or 27,420 shares in its portfolio. Contour Asset Management Ltd Limited Liability Company reported 4.51% of its portfolio in Zynga Inc (NASDAQ:ZNGA). Suntrust Banks Inc has invested 0% in Zynga Inc (NASDAQ:ZNGA). Principal Fincl Group stated it has 90,322 shares. Barclays Public Ltd Co reported 1.75 million shares. 363,429 are owned by Tudor Invest Corporation Et Al. State Bank Of Montreal Can accumulated 8,844 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% of its portfolio in Zynga Inc (NASDAQ:ZNGA) for 21,921 shares.

Among 7 analysts covering Alere (NYSE:ALR), 2 have Buy rating, 0 Sell and 5 Hold. Of those analysts, 5 rate stock as a Strong Buy, 6 rate it as Hold, and just no analyst rates it as a Moderate Sell. Therefore 57% are positive. It was reported on Sep, 7 by Finviz.com. The company was upgraded on Friday, April 29 by Craig Hallum.

The stock of Zynga Inc (NASDAQ:ZNGA) is a huge mover today! 536.62 million shares or 2.83% more from 521.86 million shares in 2016Q3 were reported. The firm has "Equal Weight" rating by Morgan Stanley given on Monday, August 10. On Friday, December 23 the stock rating was initiated by Mizuho with "Buy". As per Thursday, August 3, the company rating was maintained by Piper Jaffray. The rating was upgraded by Canaccord Genuity on Tuesday, May 30 to "Buy".

Insider trading activity is a great indicator of how a stock is performing, so let's take a look at Zynga Inc.

Since March 15, 2017, it had 0 insider buys, and 7 selling transactions for $6.82 million activity. Piper Jaffray maintained Zynga Inc (NASDAQ:ZNGA) on Tuesday, July 18 with "Buy" rating. The shares were sold at an average price of $3.62, for a total value of $43,440.00. Airain Ltd owns 57,206 shares or 0.01% of their U.S. portfolio. HighTower Advisors LLC acquired a new position in Zynga during the first quarter worth about $116,000.

Among 32 analysts covering Visa Inc. Therefore 84% are positive. As per Wednesday, August 23, the company rating was maintained by KeyBanc Capital Markets. The stock of Alere Inc (NYSE:ALR) earned "Hold" rating by BTIG Research on Thursday, May 25. The original version of this report can be viewed at https://www.truebluetribune.com/2017/09/07/zynga-inc-znga-position-maintained-by-cibc-asset-management-inc.html. The firm has "Neutral" rating given on Tuesday, March 15 by BTIG Research. The firm has "Buy" rating given on Friday, July 15 by Canaccord Genuity.

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