Zynga Inc. (ZNGA): Recent activity shows Red Signal

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Zynga Inc. (NASDAQ:ZNGA) changes shares on Wednesday trading session, with a change of -1.18% or -$0.12 shares. The trading starts at $10.16 and closed at $10.19 throughout the day. The trading session low price was $9.88 and day high was $10.18 on Wednesday, August 05. After the session, the Communication Services sector daily volume shifted to 28.83 million while its average volume is 21.82M. In other hand, the ZNGA market cap reached to $10.67B. While, its current target price is $10.75.

On August 5, 2020, Zynga raises bookings forecast, buys another Turkish game-maker. According to the news reported on Reuters, Zynga Inc raised its full-year bookings forecast after topping quarterly estimates on Wednesday, encouraged by strong engagement from stuck-at-home players and its recent acquisition of Turkish mobile-game maker Peak.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 3.92% and up 1.82% for month. Its quarterly performance was 26.67% above, while its half year performance is up 69.81%. ZNGA yearly performance stood at positive 69.24% and rise 64.54% for year-to-date. Current recommendation for Zynga Inc. is 2.10.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. ZNGA EPS (TTM) for 12-month is 0.06. EPS for this year is 147.60%, while for the next year its value is 0.33. Sales growth for the current quarter is 12.59 while its EPS Q/Q reached 21.60%. It has an EPS of 16.70% up for past five years and for the next five years will be up 12.50%.

Let’s take a look on the analyst recommendations on ZNGA for the current month and previous month. For the current month, 14 of 19 analysts recommend stock as Buy while 1 as Sell, 1 as overweight, 1 as underweight and 2 as Hold. As compared with the previous month ratings, 20 analysts participate in stock recommendation. Out of 20, 1 rated it sell, 15 rated it as Buy and 2 as Hold Ratings. On the other hand, target price ranges from $7.00 – $12.50. Average target price for ZNGA was reached at $10.66.

Vanguard Group, Inc. (The), Artisan Partners Limited Partnership and Blackrock Inc. are the top three holders in Zynga Inc. (ZNGA) stock. On Mar 30, 2020, Vanguard Group, Inc. (The) has 86.07 million shares which valued 589.61 million. On Mar 30, 2020, Artisan Partners Limited Partnership owned 58.67 million shares which valued at 401.91 million. On Mar 30, 2020, Blackrock Inc. has a total of 45.6 million shares which valued at 312.37 million. In the end, Blackrock Inc. have 4.77% shares outstanding of Zynga Inc. (ZNGA) on Mar 30, 2020. The insider ownership moved to 3.80% and institutional holding shifted to 71.30%.

The company posted an EPS (TTM) of 0.06. According to the most recent quarter report on (Sep 2020), 6 analysts estimated an average EPS of 0.06, while 0.05 EPS posted a year ago period. Analyst Estimated EPS for ZNGA published in the report was $0.04 – $0.08 during the same period. Comparing with last year, the average estimated EPS was 0.05 which is lower than 0.1 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for ZNGA rise 36.38% for period of 200 days. SMA for 50 days was 6.29% which is showing green signal, while SMA-20 was 2.65%. The moving average value for Zynga Inc. (ZNGA) is 63.94M and 4.68% for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in ZNGA stock. On Jul 22, Bromberg Matthew S, Chief Operating Officer, sold 12,000 trading shares at the cost of $9.82, which valued at 0.12 million. On Jul 16, Ryan Jeffrey Miles, Chief People Officer, sold 1,723 shares at the cost of $9.40, with total shares of 16,974. On Jul 16, Griffin James Gerard, Chief Financial Officer, sold 52,899 shares at the cost of 9.41. After this transaction, Griffin James Gerard total shares reached to 541,218 which valued at 0.5 million.