Zynga (NASDAQ:ZNGA) announced its quarterly earnings results on Wednesday. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.02), reports. Zynga had a return on equity of 1.13% and a net margin of 1.70%. The business had revenue of $248.69 million during the quarter, compared to the consensus estimate of $245.78 million. During the same quarter last year, the company earned $0.01 earnings per share. The firm’s revenue was up 6.6% compared to the same quarter last year.
ZNGA stock traded up $0.14 during midday trading on Friday, reaching $4.88. 12,574,800 shares of the company’s stock traded hands, compared to its average volume of 14,742,215. The stock has a market capitalization of $4.09 billion, a price-to-earnings ratio of 244.00, a PEG ratio of 2.00 and a beta of 0.43. Zynga has a 52 week low of $3.20 and a 52 week high of $4.89.
In other Zynga news, COO Matthew S. Bromberg sold 8,000 shares of the company’s stock in a transaction dated Thursday, November 15th. The shares were sold at an average price of $3.56, for a total transaction of $28,480.00. Following the completion of the sale, the chief operating officer now directly owns 548,794 shares in the company, valued at $1,953,706.64. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Jeffrey Miles Ryan sold 127,194 shares of the stock in a transaction dated Friday, January 18th. The stock was sold at an average price of $4.32, for a total transaction of $549,478.08. Following the sale, the insider now owns 1,720 shares of the company’s stock, valued at $7,430.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 442,694 shares of company stock worth $1,777,543. Insiders own 11.87% of the company’s stock.
Zynga Inc develops, markets, and operates social games as live services in the United States and internationally. The company's games are played on mobile platforms, such as iOS and Android operating systems, as well as on social networking sites, including Facebook. It also provides advertising services comprising mobile and display ads, engagement ads and offers, and branded virtual goods and sponsorships to advertising agencies and brokers; and software licensing and maintenance services related to NaturalMotion technology, as well as licenses its own brands.
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