Economy

The Global X Management Co. LLC Increases Position in Zynga Inc. (ZNGA)

Zynga, Inc. (ZNGA) belonging to the Consumer Discretionary sector has surged 4.7% and closed its last trading session at $3.79. Cowen and Company now has an outperform rating on the stock. Analysts have placed a $3.76 price target on Zynga Inc., suggesting a -0.79% decline from recent close.

Want to see what other hedge funds are holding ZNGA? CytRx Corporation (CYTR) shares have been seen trading -74.81% off its 52 week- peak value and changed 86.34% from its 52 week-bottom price value. Analysts giving shares a rating of 1 or 2 would be indicating a Buy. Zacks Investment Research upgraded shares of Zynga from a "hold" rating to a "buy" rating and set a $3.75 price target on the stock in a report on Wednesday, May 10th. Its minimum price target estimates has been figured out at $3 while the maximum price target forecast is established at $5.

The Target Price for Zynga Inc Cl A Cmn (NASDAQ:ZNGA) is $3.76/share according to the consensus analysis of analysts working on the stock. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Earnings surprises can have a huge impact on a company's stock price. Float is the number of shares available for trading of a particular stock. Floating stock is calculated by subtracting closely-held shares and restricted stock from a firm's total outstanding shares. The institutional investor owned 627,713 shares of the company's stock after buying an additional 46,776 shares during the period. Also, General Counsel Devang Shah sold 19,210 shares of the firm's stock in a transaction dated Monday, April 17th. Its last month's stock price volatility remained 3.42% which for the week approaches 3.77%. Following the transaction, the general counsel now directly owns 88,157 shares of the company's stock, valued at approximately $240,668.61. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,837,220 shares of company stock valued at $6,412,191. Company insiders own 12.43% of the company's stock. Gladstone Capital Management LLP purchased a new position in Zynga during the first quarter worth $1,648,000. Alyeska Investment Group L.P. now owns 10,310,484 shares of the company's stock worth $26,498,000 after buying an additional 8,810,484 shares in the last quarter. GSA Capital Partners LLP boosted its stake in Zynga by 132.3% in the fourth quarter. GSA Capital Partners LLP now owns 57,935 shares of the company's stock worth $149,000 after buying an additional 32,994 shares in the last quarter. The company's revenue was up 4.1% on a year-over-year basis. The company's market cap is $3.03 billion.

Zynga Inc Cl A Cmn (NASDAQ:ZNGA) has average revenue estimates of $206.8 Million, compared to low analyst estimates of $204.18 Million and high estimates of $211.91 Million for the current quarter. Equities analysts predict that Zynga Inc. will post $0.09 earnings per share for the current year.

More news: Sunday shows omit key consequences of GOP Senate health care bill

The Average Earnings Estimate for the Current Fiscal quarter is $0.02 per share, according to consensus of 15 analysts.

According to Balance Sheet of ZNGA, Total cash on most recent quarter is 720.44 Million. Zynga had a negative return on equity of 5.25% and a negative net margin of 12.16%.

Zynga Inc. (NASDAQ:ZNGA)'s EPS growth this year is 7.50% and the trailing 12-month EPS is $-0.10. The "percentage off the 52-week high or low" refers to when a stock current price is relative to where it has traded over the last 52 weeks.



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