Zynga Inc (ZNGA)

[Trevor11]

ZNGA: WILL OUTPERFORM MARKET, 5,061.5% PERCENT, & 3,515.6% PERCENT SHARE INCREASES BY HEDGE FUNDS







AS OF SEP 29, 2017, THE CONSENSUS FORECAST AMONGST 16 POLLED INVESTMENT ANALYSTS COVERING ZYNGA INC ADVISES THAT THE COMPANY WILL OUTPERFORM THE MARKET.

BLACKROCK INC. INCREASED ITS HOLDINGS IN ZYNGA BY 5,061.5% IN THE 1ST QUARTER.

BLACKROCK INC. NOW OWNS 35,936,741 SHARES OF THE COMPANY’S STOCK VALUED AT $102,420,000 AFTER BUYING AN ADDITIONAL 35,240,491 SHARES DURING THE PERIOD.

BALYASNY ASSET MANAGEMENT LLC LIFTED ITS HOLDINGS IN SHARES OF ZYNGA INC. (NASDAQ:ZNGA) BY 3,515.6% IN THE 2ND QUARTER


THE PREVIOUS CONSENSUS FORECAST ADVISED INVESTORS TO HOLD THEIR POSITION IN ZYNGA INC.





ZYNGA INC. (ZNGA) SHARES BOUGHT BY BALYASNY ASSET MANAGEMENT LLC
POSTED BY JAMES CONLEY ON OCT 5TH, 2017 // NO COMMENTS





BALYASNY ASSET MANAGEMENT LLC LIFTED ITS HOLDINGS IN SHARES OF ZYNGA INC. (NASDAQ:ZNGA) BY 3,515.6% IN THE 2ND QUARTER, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,404,736 shares of the company’s stock after buying an additional 3,310,568 shares during the quarter. Balyasny Asset Management LLC owned approximately 0.39% of Zynga worth $12,393,000 as of its most recent SEC filing.


Source:

https://baseballnewssource.com/markets/zynga-inc-znga-shares-bought-by-balyasny-asset-management-llc/1687882.html








FINANCIAL TIMES

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EQUITIES
ZYNGA INC
ZNGA:NSQ
Actions

CONSENSUS RECOMMENDATION
AS OF SEP 29, 2017, THE CONSENSUS FORECAST AMONGST 16 POLLED INVESTMENT ANALYSTS COVERING ZYNGA INC ADVISES THAT THE COMPANY WILL OUTPERFORM THE MARKET. This has been the consensus forecast since the sentiment of investment analysts improved on Feb 28, 2017. THE PREVIOUS CONSENSUS FORECAST ADVISED INVESTORS TO HOLD THEIR POSITION IN ZYNGA INC.
Previous recommendations

• 1yr ago
• 3M ago
• 2M ago
• 1M ago
• Latest
Select bar for recommendation details.
Recommendations 1yr ago Latest
Buy 4 4
Outperform
1 3
Hold 8 7
Underperform
4 2
Sell 0 0
Share price forecast
THE 13 ANALYSTS OFFERING 12 MONTH PRICE TARGETS FOR ZYNGA INC HAVE A MEDIAN TARGET OF 4.25, WITH A HIGH ESTIMATE OF 5.25 AND A LOW ESTIMATE OF 3.00. THE MEDIAN ESTIMATE REPRESENTS A 11.26% INCREASE FROM THE LAST PRICE OF 3.82.



Past 12 monthsNext 12 months4.06.0? High forecast: 5.25
High 37.4% 5.25
Med 11.3% 4.25
Low -21.5% 3.00
EARNINGS HISTORY & ESTIMATES
On Aug 02, 2017, Zynga Inc reported 2nd quarter 2017 earnings of 0.02 per share. THIS RESULT WAS IN LINE WITH THE CONSENSUS OF THE 14 ANALYSTS FOLLOWING THE COMPANY AND OUTPERFORMED LAST YEAR'S 2ND QUARTER RESULTS BY 0.02.
THE NEXT EARNINGS ANNOUNCEMENT IS EXPECTED ON OCT 31, 2017.


Forecasts2016Q32016Q42017Q12017Q22017Q32017Q400
Average growth rate +33.33%
Zynga Inc reported annual 2016 earnings of 0.03 per share on Feb 09, 2017.
Forecasts201320142015201620172018000
2017
Reported: --
Consensus: 0.1
High: 0.11
Low: 0.08
Analysts: 11
Average growth rate +37.50%
REVENUE HISTORY & ESTIMATES
ZYNGA INC. HAD 2ND QUARTER 2017 REVENUES OF 209.18M. THIS BETTERED THE 206.57M CONSENSUS OF THE 11 ANALYSTS COVERING THE COMPANY. THIS WAS 19.77% ABOVE THE PRIOR YEAR'S 2ND QUARTER RESULTS.

Forecasts2016Q32016Q42017Q12017Q22017Q32017Q4100m200m300m
Q3 2016
Reported: 196.72 m
Consensus: 187.31 m
High: 195.2 m
Low: 180 m
Analysts: 12
AVERAGE GROWTH RATE +4.71%
ZYNGA INC. HAD REVENUES FOR THE FULL YEAR 2016 OF 754.50M. THIS WAS 7.79% ABOVE THE PRIOR YEAR'S RESULTS.

Forecasts201320142015201620172018500m1b


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Source:

https://markets.ft.com/data/equities/tearsheet/forecasts?s=ZNGA:NSQ










STOCK TO TRACK: ZYNGA INC CL A CMN (ZNGA)
BY
JOE STERLING
-
OCTOBER 6, 2017


Zynga Inc Cl A Cmn (NASDAQ:ZNGA) shares traded on 0% above secure line and closed at $3.82. The stock exchanged hands 7.88 Million shares versus average trading capacity of 9.61 Million shares. It has a market cap of $3.26 Billion.
WALL STREET ANALYSTS ARE PREDICTING THAT ZYNGA INC CL A CMN (NASDAQ:ZNGA) WILL REPORT EARNINGS PER SHARE OF $0.02 IN THEIR QUARTERLY REPORT. FOR THE CURRENT QUARTER ZYNGA INC CL A CMN (NASDAQ:ZNGA) HAS HIGH EPS ESTIMATES OF $0.03 in contradiction of low EPS estimates of $0.02. However a year ago for the same quarter the company has reported $0.01 EPS. Average estimation for the current quarter has been provided by 11 analysts.

Investors as well as the sell-side will be paying close attention to how the actual numbers compare with the estimates. Earnings surprises can have a huge impact on a company’s stock price. Several studies suggest that positive earnings surprises not only lead to an immediate hike in a stock’s price, but also to a gradual increase over time. HENCE, IT’S NOT SURPRISING THAT SOME COMPANIES ARE KNOWN FOR ROUTINELY BEATING EARNING PROJECTIONS. A negative earnings surprise will usually result in a decline in share price.
A LARGE SURPRISE FACTOR IN EITHER DIRECTION TYPICALLY CAN LEAD TO A SIGNIFICANT SWING IN THE STOCK PRICE IN THE HOURS AND DAYS AFTER THE REPORT. Previously Zynga Inc Cl A Cmn (NASDAQ:ZNGA) reported $0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.02 by $0 with surprise factor of 0%.
Zynga Inc Cl A Cmn (NASDAQ:ZNGA) has average revenue estimates of $207.53 Million, compared to low analyst estimates of $204.9 Million and high estimates of $210 Million for the current quarter. A total number of 12 analysts provided estimations over revenues. For the current year the company’s revenue estimates are $842.88 Million compared to low analyst estimates of $825 Million and high estimates of $854.45 Million according to the prediction of 13 analysts.
Taking a broader look at the analyst consensus, according to 13 analysts Zynga Inc Cl A Cmn (NASDAQ:ZNGA)’s price will reach at $4.2 during 52 weeks. Its minimum price target estimates has been figured out at $3 while the maximum price target forecast is established at $5.25.
On the other hand Zynga Inc Cl A Cmn (NASDAQ:ZNGA) has Relative Strength Index (RSI 14) of 54.12 along with Average True Range (ATR 14) of 0.1. Where the relative strength index (RSI) is a technical momentum indicator that compares the magnitude of recent gains to recent losses in an attempt to determine excess buying & selling conditions of an asset, it is one of the most popular technical indicators, computed on the basis of the speed and direction of a stock’s price movement. The RSI value will always move between 0 and 100; the value will be 0 if the stock falls on all 14 days, and 100, if the price moves up on all the days) as suggested by J Welles Wilder. In terms of market analysis and trading signals, RSI moving above the horizontal 30 reference level is viewed as a bullish indicator, while the RSI moving below the horizontal 70 reference level is seen to be a bearish indicator. The level of 50 represents neutral market momentum and corresponds with the center line in other oscillators such as MACD (Moving Average Convergence/Divergence). The average true range (ATR) is a measure of volatility introduced by Welles Wilder.
Consequently Zynga Inc Cl A Cmn (NASDAQ:ZNGA)’s weekly and monthly volatility is 2.43%, 2.96% respectively.

Source:

https://postregistrar.com/2017/10/06/stock-to-track-zynga-inc-cl-a-cmn-znga-3/







ETF MANAGERS GROUP LLC TAKES POSITION IN ZYNGA INC. (ZNGA)
POSTED BY DEVON DIXON ON OCT 6TH, 2017 // NO COMMENTS




ETF MANAGERS GROUP LLC BOUGHT A NEW STAKE IN ZYNGA INC. (NASDAQ:ZNGA) DURING THE 2ND QUARTER, ACCORDING TO ITS MOST RECENT FORM 13F FILING WITH THE SEC. THE FIRM BOUGHT 317,403 SHARES OF THE COMPANY’S STOCK, VALUED AT APPROXIMATELY $1,155,000.
Other hedge funds have also recently added to or reduced their stakes in the company. BLACKROCK INC. INCREASED ITS HOLDINGS IN ZYNGA BY 5,061.5% IN THE 1ST QUARTER. BLACKROCK INC. NOW OWNS 35,936,741 SHARES OF THE COMPANY’S STOCK VALUED AT $102,420,000 AFTER BUYING AN ADDITIONAL 35,240,491 SHARES DURING THE PERIOD.

Legal & General Group Plc increased its holdings in Zynga by 454.0% in the 2nd quarter. Legal & General Group Plc now owns 1,414,781 shares of the company’s stock valued at $5,110,000 after buying an additional 1,159,405 shares during the period. Two Sigma Securities LLC increased its holdings in Zynga by 103.1% in the 1st quarter. Two Sigma Securities LLC now owns 101,074 shares of the company’s stock valued at $288,000 after buying an additional 51,299 shares during the period. Morgan Stanley increased its holdings in Zynga by 30.4% in the 1st quarter. Morgan Stanley now owns 27,433,552 shares of the company’s stock valued at $78,186,000 after buying an additional 6,397,949 shares during the period. Finally, Comerica Bank increased its holdings in Zynga by 914.3% in the 2nd quarter. Comerica Bank now owns 306,032 shares of the company’s stock valued at $1,148,000 after buying an additional 275,860 shares during the period. 68.19% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have commented on the stock. Zacks Investment Research lowered shares of Zynga from a “buy” rating to a “hold” rating in a report on Thursday. Morgan Stanley reissued an “overweight” rating and issued a $3.70 target price on shares of Zynga in a report on Saturday, July 22nd. Robert W. Baird reissued a “hold” rating and issued a $4.00 target price on shares of Zynga in a report on Friday, September 15th. Benchmark Co. reissued a “buy” rating and issued a $4.35 target price (up from $3.65) on shares of Zynga in a report on Wednesday, August 9th. Finally, Wedbush reissued an “outperform” rating and issued a $4.65 target price (up from $4.25) on shares of Zynga in a report on Wednesday, August 9th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Zynga currently has a consensus rating of “Buy” and a consensus price target of $4.06…


Source:

https://weekherald.com/2017/10/06/etf-managers-group-llc-takes-position-in-zynga-inc-znga.html