Zynga Inc. (ZNGA): Can the Bull Run Continue With Mixed Technical Indicators

The company's stock is now moving with a +ve distance from the 200 day SMA of approximately 17.86%, and has a solid year to date (YTD) performance of 52.53% which means that the stock is constantly adding to its value from the previous fiscal year end price. The transaction was disclosed in a filing with the SEC, which is available at this link. In the most recent quarter, institutional ownership increased by a net of 21.09 million shares, or 3.5%.This is a bullish sign and indicates that institutions are feeling more optimistic about the outlook for ZNGA overall.126 holders increased their positions, 89 decreased their positions, and 33 holders held their positions. The stock is now moving above its 20-Day Simple Moving Average of 2.79% with a 50-Day Simple Moving Average of 3.68 percent. Among holders that decreased their positions, 23 sold out of the stock Zynga Inc.

Moving average convergence divergence (MACD) shows that the stock is on a PRICE RELATIVITY trend. The company's institutional ownership is monitored at 73.4 percent. The stock was sold at an average price of $2.90, for a total value of $14,772.60.

Recent trading patterns in the stock of Zynga Inc.

Zynga Inc. (ZNGA) recorded volume accumulation so there will probably be a surplus of buyers at $3.88. Westpac Banking Corp now owns 490,200 shares of the company's stock valued at $1,853,000 after purchasing an additional 236,800 shares in the last quarter. Zynga Inc. has a one year low of $2.40 and a one year high of $4.02. ZNGA 's 20-day moving average now sits below its 100-day moving average. The stock's market cap is $2.49 billion. First Quadrant L P CA now owns 6,002,422 shares of the company's stock valued at $22,689,000 after purchasing an additional 3,731,357 shares in the last quarter. On average, equities research analysts forecast that Zynga Inc. will post $0.03 EPS for the current year.

A number of key analysts, polled by FactSet, shared their views about the current stock momentum. BidaskClub raised shares of Zynga from a "hold" rating to a "buy" rating in a research report on Wednesday, August 23rd. KeyCorp reaffirmed a "hold" rating on shares of Zynga in a research note on Tuesday, October 17th. Zacks Investment Research downgraded shares of Zynga from a "buy" rating to a "hold" rating in a research note on Friday, July 7th. Finally, Robert W. Baird restated a "neutral" rating and set a $3.00 price objective on shares of Zynga in a research note on Saturday, August 6th.

In a report issued on November 3, Cowen & Co. also reiterated a Hold rating on the stock with a $23 price target.

Large investors have recently modified their holdings of the company.

Zynga Inc Cl A Cmn (NASDAQ:ZNGA)'s revenue estimates for the current quarter are $207.53 Million according to 12 number of analysts, for the current quarter the company has high revenue estimates of $210 Million in contradiction of low revenue estimates of $204.9 Million. Westpac Banking Corp boosted its stake in shares of Zynga by 93.4% in the 3rd quarter. Insiders have sold 36,000 shares of company stock worth $134,160 over the last three months. Sterling Capital Management LLC bought a new position in Zynga during the second quarter worth $124,000. Finally, Teachers Advisors LLC grew its position in shares of Zynga by 5.2% in the first quarter.

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