NASDAQ:ZNGAZynga Stock Price, Forecast & News

Zynga's stock was trading at $6.69 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, ZNGA stock has increased by 20.6% and is now trading at $8.07. View which stocks have been most impacted by Coronavirus.

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Zynga in the last year. There are currently 2 sell ratings, 3 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Zynga.

Zynga is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. View our earnings forecast for Zynga.

Zynga Inc (NASDAQ:ZNGA) released its quarterly earnings results on Wednesday, May, 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.02 by $0.03. The firm had revenue of $424.88 million for the quarter, compared to analyst estimates of $405.51 million. Zynga had a net margin of 4.58% and a negative return on equity of 3.55%. View Zynga's earnings history.

Zynga updated its second quarter 2020 After-Hours earnings guidance on Wednesday, May, 6th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $400-400 million, compared to the consensus revenue estimate of $421.43 million.

15 analysts have issued 1 year target prices for Zynga's stock. Their forecasts range from $6.00 to $9.00. On average, they expect Zynga's stock price to reach $8.02 in the next twelve months. This suggests that the stock has a possible downside of 0.7%. View analysts' price targets for Zynga.

News stories about ZNGA stock have trended very negative recently, InfoTrie Sentiment reports. The research group identifies positive and negative news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Zynga earned a media sentiment score of -3.0 on InfoTrie's scale. They also gave media headlines about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View the latest news aboutZynga.

Zynga saw a increase in short interest in May. As of May 15th, there was short interest totaling 42,460,000 shares, an increase of 9.8% from the April 30th total of 38,680,000 shares. Based on an average daily trading volume, of 20,910,000 shares, the days-to-cover ratio is currently 2.0 days. Currently, 4.8% of the company's stock are sold short. View Zynga's Current Options Chain.

Some companies that are related to Zynga include Activision Blizzard (ATVI), Electronic Arts (EA), TAKE-TWO INTERACTIVE SOFTWARE (TTWO), Glu Mobile (GLUU) and Rosetta Stone (RST). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Zynga investors own include Hudbay Minerals (HBM), Cellectar Biosciences (CLRB), NVIDIA (NVDA), Quantum (QTM), Bank of America (BAC), Walt Disney (DIS), Netflix (NFLX), Trade Desk (TTD), Micron Technology (MU) and Square (SQ).

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

Zynga's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (4.79%), Invesco Ltd. (2.71%), William Blair Investment Management LLC (2.66%), Iridian Asset Management LLC CT (2.46%), TimesSquare Capital Management LLC (1.69%) and Two Sigma Advisers LP (1.39%). Company insiders that own Zynga stock include Bernard Jin Kim, Ellen F Siminoff, Frank D Gibeau, James Gerard Griffin, Jeffrey Buckley, Jeffrey Miles Ryan, Mark J Pincus, Matthew S Bromberg, Phuong Y Phillips and Regina E Dugan. View institutional ownership trends for Zynga.

ZNGA stock was sold by a variety of institutional investors in the last quarter, including Two Sigma Investments LP, Nuveen Asset Management LLC, Scout Investments Inc., Shelter Haven Capital Management L.P., Carillon Tower Advisers Inc., BlackRock Inc., Two Sigma Advisers LP, and Janus Henderson Group PLC. Company insiders that have sold Zynga company stock in the last year include Bernard Jin Kim, Ellen F Siminoff, Frank D Gibeau, James Gerard Griffin, Jeffrey Buckley, Jeffrey Miles Ryan, Matthew S Bromberg, Phuong Y Phillips, and Regina E Dugan. View insider buying and selling activity for Zynga.

ZNGA stock was acquired by a variety of institutional investors in the last quarter, including DNB Asset Management AS, Franklin Resources Inc., Peregrine Capital Management LLC, AO Asset Management LP, AJO LP, Newbrook Capital Advisors LP, William Blair Investment Management LLC, and Eagle Asset Management Inc.. View insider buying and selling activity for Zynga.

Shares of ZNGA can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of ZNGA stock can currently be purchased for approximately $8.07.

Zynga has a market capitalization of $7.72 billion and generates $1.32 billion in revenue each year. The company earns $41.92 million in net income (profit) each year or ($0.06) on an earnings per share basis. Zynga employs 1,883 workers across the globe.

The official website for Zynga is www.zynga.com.

Zynga's mailing address is 699 Eighth Street, San Francisco CA, 94103. The company can be reached via phone at 855-449-9642 or via email at [email protected]