Zynga Inc (ZNGA) Director William B. Gordon Sold 549,637 Shares

Zynga Inc (ZNGA) Director William B. Gordon Sold 549,637 Shares

Zynga Inc (NASDAQ:ZNGA) Director William B. Gordon sold 549,637 shares of Zynga stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $3.52, for a total value of $1,934,722.24. Following the completion of the transaction, the director now directly owns 832,603 shares of the company’s stock, valued at approximately $2,930,762.56. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Zynga Inc (NASDAQ ZNGA) traded down 2.22% during midday trading on Wednesday, hitting $3.52. The company’s stock had a trading volume of 14,838,350 shares. The company’s market cap is $3.03 billion. Zynga Inc has a one year low of $2.27 and a one year high of $3.63. The company’s 50-day moving average is $3.13 and its 200 day moving average is $2.83.

Zynga (NASDAQ:ZNGA) last released its quarterly earnings results on Thursday, May 4th. The company reported ($0.01) EPS for the quarter, meeting analysts’ consensus estimates of ($0.01). Zynga had a negative return on equity of 5.96% and a negative net margin of 14.59%. The company had revenue of $194.30 million during the quarter, compared to analysts’ expectations of $188.14 million. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. On average, analysts predict that Zynga Inc will post $0.09 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in ZNGA. 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 during the period. Russell Investments Group Ltd. acquired a new stake in Zynga during the fourth quarter worth approximately $11,713,000. Alyeska Investment Group L.P. boosted its stake in Zynga by 587.4% in the fourth quarter. 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 during the period. River & Mercantile Asset Management LLP acquired a new stake in Zynga during the fourth quarter worth approximately $4,487,000. Finally, Highline Capital Management L.P. acquired a new stake in Zynga during the third quarter worth approximately $34,687,000. Institutional investors own 60.68% of the company’s stock.

Several equities analysts have recently issued reports on the company. Jefferies Group LLC set a $5.00 price target on Zynga and gave the stock a “buy” rating in a research report on Saturday, February 11th. Wedbush reaffirmed an “outperform” rating on shares of Zynga in a research report on Friday, May 19th. Canaccord Genuity reaffirmed a “hold” rating and issued a $3.00 price target on shares of Zynga in a research report on Monday, May 15th. Piper Jaffray Companies raised Zynga from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $3.00 to $4.00 in a research report on Tuesday. Finally, Benchmark Co. reaffirmed a “buy” rating and issued a $3.65 price target on shares of Zynga in a research report on Friday, May 5th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Zynga has a consensus rating of “Buy” and an average price target of $3.71.

About Zynga

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:ZNGA”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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