Zynga Inc (ZNGA) CEO Frank D. Gibeau Sells 167,440 Shares of Stock

Zynga Inc (NASDAQ:ZNGA) CEO Frank D. Gibeau sold 167,440 shares of the firm’s stock in a transaction on Thursday, March 16th. The stock was sold at an average price of $2.73, for a total value of $457,111.20. Following the sale, the chief executive officer now owns 1,115,834 shares in the company, valued at approximately $3,046,226.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Zynga Inc (NASDAQ:ZNGA) traded up 0.36% during mid-day trading on Monday, hitting $2.81. The stock had a trading volume of 5,468,711 shares. Zynga Inc has a one year low of $2.13 and a one year high of $3.08. The company’s market cap is $2.47 billion. The firm’s 50 day moving average price is $2.68 and its 200-day moving average price is $2.76.

Zynga (NASDAQ:ZNGA) last posted its quarterly earnings data on Thursday, February 9th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.01 by $0.05. Zynga had a negative return on equity of 5.96% and a negative net margin of 14.59%. The firm had revenue of $190.50 million for the quarter. During the same quarter last year, the firm posted ($0.06) EPS. The business’s quarterly revenue was up 2.6% on a year-over-year basis. On average, equities research analysts anticipate that Zynga Inc will post $0.07 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Zynga (NASDAQ:ZNGA)

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A number of institutional investors have recently bought and sold shares of ZNGA. Public Employees Retirement System of Ohio boosted its position in Zynga by 0.7% in the second quarter. Public Employees Retirement System of Ohio now owns 143,765 shares of the company’s stock valued at $358,000 after buying an additional 973 shares during the last quarter. Moors & Cabot Inc. boosted its position in Zynga by 5.6% in the third quarter. Moors & Cabot Inc. now owns 131,050 shares of the company’s stock valued at $377,000 after buying an additional 7,000 shares during the last quarter. California Public Employees Retirement System boosted its position in Zynga by 1.0% in the third quarter. California Public Employees Retirement System now owns 924,400 shares of the company’s stock valued at $2,690,000 after buying an additional 9,000 shares during the last quarter. California State Teachers Retirement System boosted its position in Zynga by 0.9% in the third quarter. California State Teachers Retirement System now owns 1,590,798 shares of the company’s stock valued at $4,629,000 after buying an additional 14,600 shares during the last quarter. Finally, Engineers Gate Manager LP boosted its position in Zynga by 12.2% in the third quarter. Engineers Gate Manager LP now owns 138,617 shares of the company’s stock valued at $403,000 after buying an additional 15,107 shares during the last quarter. Hedge funds and other institutional investors own 60.68% of the company’s stock.

Several equities research analysts have recently issued reports on ZNGA shares. Zacks Investment Research cut Zynga from a “hold” rating to a “sell” rating in a report on Thursday, February 9th. Piper Jaffray Companies restated a “hold” rating and set a $2.50 price objective on shares of Zynga in a report on Friday, January 20th. Mizuho restated a “buy” rating and set a $3.20 price objective on shares of Zynga in a report on Friday, February 10th. Canaccord Genuity restated a “hold” rating and set a $3.00 price objective on shares of Zynga in a report on Tuesday, January 3rd. Finally, Wedbush restated an “outperform” rating and set a $4.00 price objective on shares of Zynga in a report on Monday, February 6th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $3.55.

Zynga Company Profile

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) and Android and social networking sites, such as Facebook. The Company operates through developing and monetizing social games segment.

5 Day Chart for NASDAQ:ZNGA

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