Zynga Inc. (NASDAQ:ZNGA) produced a 94.58% rally since recording the worst price of $3.32. Thanks to the latest 1.41% increase, it now trades at $6.46. Throughout the trading on 7/26/2019, the share price floated between $6.38 and $6.52. This company shares are 10.68% off its target price of $7.15 and the current market capitalization stands at $5.96B. The recent change has given its price a 4.13% lead over SMA 50 and -1.37% deficit over its 52-week high. The stock witnessed 10.62% gains, 17.24% gains and 47.49% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found ZNGA’s volatility during a week at 2.25% and during a month it has been found around 2.4%.
What Does Zynga Inc. (ZNGA) Do?
The company describes itself in regulatory filings as, “Zynga, Inc. provides social game services. It develops, markets and operates social games as live services played on mobile platforms such as Apple’s iOS operating system and Google’s Android operating system, and social networking sites such as Facebook. It offers Chess with Friends, Crazy Cake Swap, Draw Something, FarmVille, Gems with Friends, Ice Age: Arctic Blast, Looney Tunes Dash, Speed Guess Something, What’s The Phrase, Wizard of Oz Magic Match, Yummy Gummy, Free Slots, Black Diamond Casino, Hit It Rich, Zynga Poker and Willy Wonka Slots. The company was founded by Mark Jonathan Pincus on April 19, 2007 and is headquartered in San Francisco, CA.” [Text can be found here: https://www.marketwatch.com/investing/stock/ZNGA/profile under company description.]Zynga Inc. (ZNGA) Top Holders
Institutional investors currently hold around $4.51 billion or 76.3% in ZNGA stock. Look at its top three institutional owners: Vanguard Group Inc owns $475.6 million in Zynga Inc., which represents roughly 7.98% of the company’s market cap and approximately 10.56% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 67,298,044 shares of the stock are valued at $434.75 million. The third largest holder is Artisan Partners Limited Partnership, which currently holds $320.8 million worth of this stock and that ownership represents nearly 5.38% of its market capitalization.Zynga Inc. 13F Filings
At the end of March reporting period, 149 institutional holders increased their position in Zynga Inc. (NASDAQ:ZNGA) by some 94,498,296 shares, 121 decreased positions by 121,521,700 and 37 held positions by 481,408,252. That puts total institutional holdings at 697,428,248 shares, according to SEC filings. The stock grabbed 76 new institutional investments totaling 30,073,227 shares while 34 institutional investors sold out their entire positions totaling 12,879,377 shares.Zynga Inc. (NASDAQ:ZNGA) Insider Trades
Multiple company employees have indulged in significant insider trading. Zynga Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that COO Bromberg Matthew S has sold 41,500 shares of Zynga Inc. (ZNGA) in the trading session dated Jul. 15, 2019. These shares are worth $261,450 and were traded at $6.3 each. The SEC filing shows that Ryan Jeffrey Miles performed a sale of 36,798 shares. The Chief People Officer disposed these shares by way of transaction on Jun. 20, 2019. The company’s shares were given away at $6.09 per share worth to an income of some $224,100 to the account of Ryan Jeffrey Miles.
COO, Bromberg Matthew S, sold 41,500 common shares of Zynga Inc. (ZNGA) in the open market. In a transaction dated Jun. 17, 2019, the shares were put up for sale at an average price of $6.08, raking in a sum of $252,320. After this sale, 629,227 common shares of ZNGA are directly owned by the insider, with total stake valued at $4,064,806.
In the transaction dated May. 15, 2019, a great number of shares sold came courtesy the COO; Bromberg Matthew S disposed a total of 41,500 shares at an average price of $6.11, amounting to approximately $253,565. The insider now directly owns 637,227 shares worth $4,116,486.Zynga Inc. (ZNGA) Analyst Guide
Several analysts have released their opinion on Zynga Inc. (NASDAQ:ZNGA), with 7 analysts believing it is a strong buy. Whereas 3 of them predict the stock is a hold. Also, there are 6 buy, 1 sell and 0 strong sell ratings, collectively assigning a 1.88 average brokerage recommendation [T1].