Zynga Inc. (ZNGA) Posts Quarterly Earnings Results, Misses Estimates By $0.05 EPS

Zynga Inc. (NASDAQ:ZNGA) announced its quarterly earnings data on Thursday. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.01 by $0.05. Zynga had a negative net margin of 14.59% and a negative return on equity of 5.89%. The business earned $190.50 million during the quarter. During the same period last year, the business earned ($0.06) earnings per share. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. Zynga updated its Q1 guidance to -$0.02 EPS.

Shares of Zynga (NASDAQ:ZNGA) opened at 2.58 on Monday. The stock’s market capitalization is $2.29 billion. The stock has a 50 day moving average of $2.60 and a 200 day moving average of $2.77. Zynga has a 52-week low of $1.82 and a 52-week high of $3.08.

Earnings History for Zynga (NASDAQ:ZNGA)

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A number of equities research analysts have recently issued reports on the stock. Benchmark Co. reaffirmed a “buy” rating and issued a $3.59 price objective on shares of Zynga in a research note on Friday, December 9th. Zacks Investment Research cut shares of Zynga from a “buy” rating to a “hold” rating in a research note on Wednesday, November 30th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $2.50 price objective on shares of Zynga in a research note on Friday. J P Morgan Chase & Co reaffirmed a “hold” rating on shares of Zynga in a research note on Thursday, November 3rd. Finally, Mizuho began coverage on shares of Zynga in a research report on Friday, December 30th. They set a “buy” rating and a $3.50 price target for the company. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $3.41.

In other Zynga news, SVP Devang Shah sold 41,528 shares of the business’s stock in a transaction on Wednesday, January 18th. The shares were sold at an average price of $2.60, for a total transaction of $107,972.80. Following the transaction, the senior vice president now owns 84,913 shares in the company, valued at $220,773.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Frank D. Gibeau sold 214,330 shares of the business’s stock in a transaction on Friday, December 16th. The shares were sold at an average price of $2.81, for a total transaction of $602,267.30. Following the transaction, the chief executive officer now owns 925,235 shares in the company, valued at approximately $2,599,910.35. The disclosure for this sale can be found here. Insiders sold 285,185 shares of company stock worth $789,646 in the last 90 days. 16.60% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of ZNGA. Eminence Capital LP boosted its position in Zynga by 0.6% in the second quarter. Eminence Capital LP now owns 55,589,375 shares of the company’s stock worth $138,418,000 after buying an additional 350,100 shares during the period. Vanguard Group Inc. raised its stake in shares of Zynga by 1.6% in the second quarter. Vanguard Group Inc. now owns 50,514,335 shares of the company’s stock worth $125,782,000 after buying an additional 815,583 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Zynga by 19.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 48,609,994 shares of the company’s stock worth $124,929,000 after buying an additional 7,879,132 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in shares of Zynga by 3.2% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 19,206,727 shares of the company’s stock worth $55,892,000 after buying an additional 596,331 shares in the last quarter. Finally, DnB Asset Management AS raised its stake in shares of Zynga by 48.2% in the third quarter. DnB Asset Management AS now owns 18,353,886 shares of the company’s stock worth $53,593,000 after buying an additional 5,969,750 shares in the last quarter. Institutional investors and hedge funds own 60.35% of the company’s stock.

About Zynga

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) and Android and social networking sites, such as Facebook. The Company operates through developing and monetizing social games segment.

5 Day Chart for NASDAQ:ZNGA

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