Jeffrey Buckley Sells 9,453 Shares of Zynga Inc (NASDAQ:ZNGA) Stock

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Zynga Inc (NASDAQ:ZNGA) CAO Jeffrey Buckley sold 9,453 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $6.26, for a total transaction of $59,175.78. Following the completion of the sale, the chief accounting officer now directly owns 73,337 shares in the company, valued at approximately $459,089.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Jeffrey Buckley also recently made the following trade(s):

  • On Monday, September 23rd, Jeffrey Buckley sold 34,663 shares of Zynga stock. The stock was sold at an average price of $6.14, for a total transaction of $212,830.82.

ZNGA stock traded down $0.02 during midday trading on Friday, hitting $6.07. The stock had a trading volume of 65,525 shares, compared to its average volume of 14,138,832. The firm has a market cap of $5.96 billion, a P/E ratio of 303.00, a price-to-earnings-growth ratio of 2.98 and a beta of 0.31. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.36. Zynga Inc has a 1-year low of $3.32 and a 1-year high of $6.65. The business has a fifty day moving average price of $6.17 and a two-hundred day moving average price of $6.09.

Zynga (NASDAQ:ZNGA) last released its earnings results on Wednesday, October 30th. The company reported $0.05 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.05. The business had revenue of $345.29 million for the quarter, compared to analyst estimates of $330.56 million. Zynga had a net margin of 3.94% and a negative return on equity of 11.86%. Zynga’s revenue for the quarter was up 48.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.01 earnings per share. On average, equities analysts anticipate that Zynga Inc will post 0.15 EPS for the current year.

A number of hedge funds have recently added to or reduced their stakes in ZNGA. First Hawaiian Bank lifted its holdings in Zynga by 26.8% in the second quarter. First Hawaiian Bank now owns 15,428 shares of the company’s stock valued at $95,000 after buying an additional 3,259 shares during the period. Cornerstone Advisors Inc. acquired a new position in Zynga in the second quarter valued at $35,000. NEXT Financial Group Inc acquired a new position in Zynga in the second quarter valued at $193,000. Oakbrook Investments LLC lifted its holdings in Zynga by 20.6% in the second quarter. Oakbrook Investments LLC now owns 36,950 shares of the company’s stock valued at $227,000 after buying an additional 6,300 shares during the period. Finally, Meridian Wealth Management LLC acquired a new position in shares of Zynga during the second quarter valued at about $641,000. Institutional investors and hedge funds own 73.98% of the company’s stock.

ZNGA has been the topic of several analyst reports. Wedbush reissued an “outperform” rating and issued a $9.00 price objective on shares of Zynga in a research note on Tuesday, August 27th. Zacks Investment Research cut shares of Zynga from a “buy” rating to a “hold” rating in a research note on Thursday. ValuEngine cut shares of Zynga from a “hold” rating to a “sell” rating in a research note on Friday, November 1st. UBS Group boosted their price objective on shares of Zynga from $8.00 to $8.30 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Finally, Barclays set a $6.00 price objective on shares of Zynga and gave the stock a “hold” rating in a research note on Monday, October 21st. Two analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $7.25.

About Zynga

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 Apple iOS and Google's Android operating systems, as well as on social networking sites, such as Facebook. It also provides advertising services comprising mobile and display ads, engagement ads and offers, and branded virtual items and sponsorships to advertising agencies and brokers; and licenses its own brands.

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