Zynga Company Profile (NASDAQ:ZNGA)

Zynga trades on the NASDAQ under the ticker symbol "ZNGA."

Zynga Inc. (NASDAQ:ZNGA) released its earnings results on Wednesday, August, 2nd. The company reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.02 by $0.01. The company earned $209.20 million during the quarter, compared to analyst estimates of $201.64 million. Zynga had a negative return on equity of 3.83% and a negative net margin of 10.50%. Zynga's revenue was up 15.1% compared to the same quarter last year. View Zynga's Earnings History.

Zynga is scheduled to release their next quarterly earnings announcement on Wednesday, November, 1st 2017. View Earnings Estimates for Zynga.

12 brokers have issued 1 year target prices for Zynga's stock. Their forecasts range from $3.25 to $5.00. On average, they anticipate Zynga's stock price to reach $4.10 in the next year. View Analyst Ratings for Zynga.

Here are some recent quotes from research analysts about Zynga stock:

• 1. According to Zacks Investment Research, "Zynga Inc. is the world's largest social game developer with users playing their games which include CityVille, FarmVille, FrontierVille, Words With Friends, Mafia Wars, Zynga Poker, Cafe World, and Treasure Isle. Zynga Inc. games are available on a number of global platforms including Facebook, MySpace, Yahoo, the iPad, the iPhone and Android devices. They operate their games as live services, by which they mean that they continue to support and update games after launch and gather daily, metrics-based player feedback that enable them to continually enhance their games by adding new content and features. All of their games are free to play, and they generate revenue through the in-game sale of virtual goods and advertising. " (8/10/2017)
• 2. Canaccord Genuity analysts commented, "We believe the revenue miss is a combination of factors including weaker than expected sales of the LR54 router from the cellular business group, weaker than expected sales for the mature networking business and a faster than expected decline in legacy RF and embedded products. As a result, Digi lowered guidance for FY17 from $201-211M to $182-189M with management highlighting new products ramping slower than expected in RF and embedded and some product modifications needed to improve its cellular offering. We believe new products in key segments of cellular routers and gateways, RF and embedded will lead to sequential improved results in Q4/F’17 combined with ramping sales for the cold chain recurring revenue services business now named Digi Smart Solutions. We maintain our belief Digi is in the early stage of its strategic initiatives to drive improving revenue growth with strong margin leverage potential. With Mr. Konezny helping implement Digi’s improved IoT focus and execution to drive a simplified Digi with stronger revenue growth and adjusted EBITDA margins longer-term, Digi’s strong product portfolio, and a healthy net cash position of $133M, we believe the shares represent an attractive opportunity for longer-term investors even with our lowered estimates." (5/5/2017)
• 3. Jefferies Group LLC analysts commented, "This was Zynga’s best quarter in years. User levels grew for the first time since late 2012, while nice opex control drove solid upside to our estimates. While still very early, these are encouraging results that give confidence in management’s plan to drive leverage out of the company’s existing live operations." (5/5/2017)
• 4. Mizuho analysts commented, "Zynga posted a strong beat, but the 1Q guide came in behind expectations and we didn't get much color on the new title slate for 2017. We think its prudent for the new management team to reset expectations and expect the company to remain focused on it existing live services. Break-out mobile game hits could drive material upside to our expectations but that is not something we are counting on. We still see all the ingredients for a successful turnaround and remain buyers of the stock." (2/10/2017)
• 5. Piper Jaffray Companies analysts commented, "MX reported solid results/guidance as it marches forward with its turnaround story. A recovery in Foundry and a positive product mix pushed GMs higher. MX continues to prioritize GM improvement, cash flow, and profitability. MX announced another headcount reduction plan and expects annual cost savings of $20-$27M over the next 1.5 year (70% in manufacturing, 30% SG&A). We think the reason for the stock sell-off this morning is around comments regarding AMOLED revenue declining in 1H17, before ramping in the 2H17. AMOLED revenue should come in below 2016 revenue, albeit it a tough compare as AMOLED grew 160% Y/Y in ’16. However, we believe MX has a good design win pipeline in AMOLED." (2/10/2017)

Zynga saw a decline in short interest in August. As of August 31st, there was short interest totalling 16,087,228 shares, a decline of 8.2% from the August 15th total of 17,523,171 shares. Based on an average daily trading volume, of 6,459,671 shares, the short-interest ratio is presently 2.5 days. Currently, 2.1% of the company's shares are sold short.

Some companies that are related to Zynga include Toro Company (The) (TTC), Under Armour (UA), Pearson, PLC (PSO), Hugo Boss (BOSSY), Leggett & Platt, Incorporated (LEG), Dolby Laboratories (DLB), H&R Block (HRB), SJM Holdings (SJMHF), Six Flags Entertainment Corporation New (SIX), Mattel (MAT), Brunswick Corporation (BC), Bright Horizons Family Solutions (BFAM), International Game Technology (IGT), Carter's (CRI), Pool Corporation (POOL), Cinemark Holdings (CNK), Cable One (CABO) and Columbia Sportswear Company (COLM).

Zynga's management team includes the folowing people:

• Mark J. Pincus, Chairman, CEO, and Chief Product Officer
• David (Dave) Wehner, CFO
• Debra J. Chrapaty, CIO
• Mark J. Pincus, Executive Chairman of the Board
• Bernard Kim, President - publishing
• Frank D. Gibeau, Chief Executive Officer, Director
• Gerard Griffin, Chief Financial Officer, Principal Accounting Officer
• Matthew S. Bromberg, Chief Operating Officer
• William B. Gordon, Director
• Louis J. Lavigne Jr., Director

Zynga's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (7.04%), Dimensional Fund Advisors LP (6.07%), BlackRock Inc. (3.92%), Renaissance Technologies LLC (2.67%), First Trust Advisors LP (1.34%) and American Century Companies Inc. (1.06%). Company insiders that own Zynga stock include David J Lee, Devang Shah, Ellen F Siminoff, Frank D Gibeau, Michelle Quejado and William B Gordon. View Institutional Ownership Trends for Zynga.

Zynga's stock was sold by a variety of institutional investors in the last quarter, including BNP Paribas Arbitrage SA, JPMorgan Chase & Co., BlackRock Inc., Russell Investments Group Ltd., black and white Capital LP, Dimensional Fund Advisors LP, California Public Employees Retirement System and Menta Capital LLC. Company insiders that have sold Zynga stock in the last year include Devang Shah, Ellen F Siminoff, Frank D Gibeau and William B Gordon. View Insider Buying and Selling for Zynga.

Zynga's stock was acquired by a variety of institutional investors in the last quarter, including American Century Companies Inc., Marshall Wace North America L.P., Renaissance Technologies LLC, Balyasny Asset Management LLC, Summit Partners Public Asset Management LLC, Artisan Partners Limited Partnership, Quantitative Investment Management LLC and Teachers Advisors LLC. View Insider Buying and Selling for Zynga.

Shares of Zynga can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Zynga stock can currently be purchased for approximately $3.85.