Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Zynga (ZNGA) Stock Price

Headlines about Zynga (NASDAQ:ZNGA) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Zynga earned a news impact score of 0.18 on Accern’s scale. Accern also gave media headlines about the company an impact score of 45.6335333292328 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Here are some of the news stories that may have impacted Accern’s analysis:

Zynga (NASDAQ ZNGA) traded up $0.04 during trading hours on Wednesday, hitting $3.49. 12,590,000 shares of the stock traded hands, compared to its average volume of 16,170,000. Zynga has a one year low of $2.55 and a one year high of $4.34. The company has a market cap of $3,040.00, a P/E ratio of 116.33, a price-to-earnings-growth ratio of 3.14 and a beta of 0.51.

Zynga (NASDAQ:ZNGA) last posted its quarterly earnings data on Wednesday, February 7th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.02). Zynga had a return on equity of 1.66% and a net margin of 3.09%. The company had revenue of $233.30 million for the quarter, compared to the consensus estimate of $218.64 million. During the same quarter in the previous year, the firm posted ($0.04) EPS. The business’s revenue for the quarter was up 22.5% compared to the same quarter last year. research analysts forecast that Zynga will post 0.05 earnings per share for the current fiscal year.

Several research analysts recently commented on ZNGA shares. Zacks Investment Research downgraded shares of Zynga from a “strong-buy” rating to a “hold” rating in a report on Saturday, January 13th. Credit Suisse Group lifted their target price on shares of Zynga from $3.80 to $4.00 and gave the stock an “underperform” rating in a report on Thursday, February 8th. Wedbush set a $5.00 target price on shares of Zynga and gave the stock a “buy” rating in a report on Wednesday, October 18th. BidaskClub upgraded shares of Zynga from a “strong sell” rating to a “sell” rating in a report on Tuesday, February 6th. Finally, Jefferies Group reiterated a “buy” rating and issued a $5.00 target price on shares of Zynga in a report on Sunday. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Zynga currently has an average rating of “Hold” and a consensus price target of $4.19.

In related news, Director Ellen F. Siminoff sold 12,000 shares of the company’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $3.74, for a total value of $44,880.00. Following the sale, the director now owns 247,900 shares of the company’s stock, valued at $927,146. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Bernard Jin Kim sold 50,000 shares of the company’s stock in a transaction dated Friday, December 29th. The shares were sold at an average price of $3.94, for a total transaction of $197,000.00. Following the completion of the sale, the insider now directly owns 349,450 shares in the company, valued at approximately $1,376,833. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 256,000 shares of company stock worth $1,007,560. Insiders own 12.43% of the company’s stock.

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Zynga Company Profile

Zynga Inc is a provider of social game services. The Company develops, markets and operates social games as live services played on mobile platforms, such as iPhone Operating System (iOS) operating system and Android operating system and social networking sites, such as Facebook. The Company has developed a range of social games, including games in its Slots, Words With Friends, Zynga Poker and FarmVille franchises.

Insider Buying and Selling by Quarter for Zynga (NASDAQ:ZNGA)

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