Goldman Sachs Group Inc. reissued their neutral rating on shares of Zynga (NASDAQ:ZNGA) in a research report sent to investors on Friday morning, AnalystRatingsNetwork.com reports. The firm currently has a $3.00 price target on the stock.
In other Zynga news, EVP Reginald D. Davis sold 19,899 shares of the stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $3.57, for a total transaction of $71,039.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Zynga (NASDAQ:ZNGA) traded down 2.38% on Friday, hitting $3.69. The stock had a trading volume of 22,480,368 shares. Zynga has a 52-week low of $2.09 and a 52-week high of $4.03. The stock’s 50-day moving average is $2.93 and its 200-day moving average is $3.19. The company’s market cap is $2.967 billion.
Zynga (NASDAQ:ZNGA) last announced its earnings results on Thursday, October 24th. The company reported ($0.02) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.05) by $0.03. The company had revenue of $203.00 million for the quarter, compared to the consensus estimate of $141.65 million. The company’s revenue for the quarter was down 36.0% on a year-over-year basis. On average, analysts predict that Zynga will post $-0.07 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Evercore Partners reiterated an equal weight rating on shares of Zynga in a research note to investors on Friday. They now have a $4.00 price target on the stock, up previously from $3.00. Finally, analysts at Barclays initiated coverage on shares of Zynga in a research note to investors on Friday, September 6th. They set an equal weight rating on the stock. Five investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $3.80.
Zynga Inc (NASDAQ:ZNGA), is a provider of social game services with 240 million average monthly active users over 175 countries.
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