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* * $ZNGA Video Chart 10-09-18 * *
Link to Video - click here to watch the technical chart video
Coming to life. Worthy of your attention. Good Luck.
got in at 4.03 only 100 shares
Disney approves on game plan
hope it will climb to 100 @ end of yr.
Oh Yes !!!! Finally !!!!!!!!!
B O O M !!!!!!!!!!!!!!!!!!!
Zynga to partner with Disney for new 'Star Wars' mobile game
MarketWatch
Max A. Cherney
MarketWatchAugust 21, 2018
Zynga Inc. (znga) has signed a deal with Walt Disney Co. (dis) to develop and publish a new "Star Wars" mobile game, the company said late Tuesday. Disney stock was flat. The terms of the deal include an option for Zynga to produce another "Star Wars" title and assume the operation of the live service of "Star Wars: Commander," a free-to-play game launched in 2014.
It's Time To FRY Some SHORTS.................
Zynga Inc (NASDAQ:ZNGA) – Investment analysts at Jefferies Financial Group boosted their Q3 2018 EPS estimates for shares of Zynga in a research note issued on Wednesday, May 30th, according to Zacks Investment Research. Jefferies Financial Group analyst T. O’shea now forecasts that the company will earn $0.03 per share for the quarter, up from their prior forecast of $0.02. Jefferies Financial Group has a “Buy” rating and a $5.00 price objective on the stock. Jefferies Financial Group also issued estimates for Zynga’s Q4 2018 earnings at $0.04 EPS and FY2019 earnings at $0.11 EPS.
:):):)
Only BIG News Will Raise ZNGA..........
Someone Still Holds A HUGE Short Interest !!!!!
Zynga Inc - Class A
$ 4.29
ZNGA
-0.04
Short Interest (Shares Short)
49,959,100
Short Interest Ratio (Days To Cover)
3.3
Short Percent of Float
6.52 %
Short % Increase / Decrease
43 %
Short Interest (Shares Short) - Prior
35,046,400
:(:(:(
Zynga Inc. ZNGA is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for ZNGA broke out above the 200 Day Simple Moving Average, suggesting a short-term bullish trend.
This has already started to take place, as the stock has moved higher by 7.1% in the past four weeks. Plus, the company currently has a Zacks Rank #2 (Buy) suggesting that now could definitely be the time for this breakout candidate.
More bullishness may especially be the case when investors consider what has been happening for ZNGA on the earnings estimate revision front lately. No estimates have gone lower in the past two months, compared to 4 higher, while the consensus estimate has also moved higher too.
So given this move in estimates, and the positive technical factors, investors may want to watch this breakout candidate closely for more gains in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Looks Like A Short Interest Increase ?
Zynga Inc - Class A
$ 4.40
ZNGA
0.11
view
Short Interest (Shares Short)
49,959,100
Short Interest Ratio (Days To Cover)
3.3
Short Percent of Float
6.52 %
Short % Increase / Decrease
43 %
Short Interest (Shares Short) - Prior
35,046,400
Is This Run Real ?? Or Just SHORTS Covering ??
I Say It's Real And Here To Stay !!!
:)::)
Someone Knows Something !!!!!!!
ZNGA Volume Is On FIRE !!!!!!!!!!!!!
Oh Yes ! Must Be Big NEWS..............
:):):)
After Hours Volume: After Hours High: After Hours Low:
5,945,011 $ 4.3236
(16:11:10 PM) $ 4.29
(16:00:09 PM)
bruceabrams21826 minutes ago
On CNBC a guest said he can't see how big media isn't watching what's going on in mobile gaming. TV network viewing is down 12% this year while gaming is booming. After the decision by the courts on Time Warner this person suggested that mobile gaming space could heat up by acquisitions from big media.
Please. Stop starting unfounded wishful rumors Zynga cooks the books w deferred items.
We Need To Hear Merger NEWS................
NOW !!!!!!!
ZNGA: UPGRADED TO A STRONG-BUY
ZYNGA (ZNGA) STOCK RATING UPGRADED BY BIDASKCLUB
POSTED BY NICOLAS JORDAN ON JUN 12TH, 2018
BIDASKCLUB UPGRADED SHARES OF ZYNGA (NASDAQ:ZNGA)FROM A BUY RATING TO A STRONG-BUY RATING IN A RESEARCH NOTE RELEASED ON SATURDAY, JUNE 2ND.
A number of other brokerages have also recently issued reports on ZNGA. WEDBUSH SET A $6.00 PRICE OBJECTIVE ON SHARES OF ZYNGA and gave the company a buy rating in a report on Thursday, February 8th. JEFFERIES FINANCIAL GROUP REAFFIRMED A BUY RATING AND ISSUED A $5.00 PRICE TARGET on shares of Zynga in a research note on Friday, May 11th. ValuEngine raised shares of Zynga from a hold rating to a buy rating in a research report on Monday, May 7th. BENCHMARK REAFFIRMED A BUY RATING AND SET A $5.00 PRICE TARGET (up from $4.36) on shares of Zynga in a research report on Thursday, May 31st. Finally, PIPER JAFFRAY COMPANIES RESTATED AN OVERWEIGHT RATING AND ISSUED A $5.00 PRICE TARGET on shares of Zynga in a research note on Tuesday, May 29th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of $4.47.
Source:
https://macondaily.com/2018/06/12/zynga-znga-upgraded-at-bidaskclub-updated.html
Is Zynga Inc (NASDAQ:ZNGA) As Strong As Its Balance Sheet Indicates?
Jacob Boyd
Simply Wall St.June 10, 2018
View photos
Small-cap and large-cap companies receive a lot of attention from investors, but MID-CAP STOCKS LIKE ZYNGA INC (NASDAQ:ZNGA), WITH A MARKET CAP OF US$3.81B, ARE OFTEN OUT OF THE SPOTLIGHT. HOWEVER, GENERALLY IGNORED MID-CAPS HAVE HISTORICALLY DELIVERED BETTER RISK-ADJUSTED RETURNS THAN THE TWO OTHER CATEGORIES OF STOCKS. Today we will look at ZNGA’s financial liquidity and debt levels, which are strong indicators for whether the company can weather economic downturns or fund strategic acquisitions for future growth. Note that this information is centred entirely on financial health and is a top-level understanding, so I encourage you to look further into ZNGA here. View our latest analysis for Zynga
Can ZNGA service its debt comfortably?
What is considered a high debt-to-equity ratio differs depending on the industry, because some industries tend to utilize more debt financing than others. As a rule of thumb, a financially healthy mid-cap should have a ratio less than 40%. For ZNGA, the debt-to-equity ratio is zero, meaning that the company has no debt. It has been operating its business with zero debt and utilising only its equity capital. Investors’ risk ASSOCIATED WITH DEBT IS VIRTUALLY NON-EXISTENT WITH ZNGA, AND THE COMPANY HAS PLENTY OF HEADROOM AND ABILITY to raise debt should it need to in the future.
NasdaqGS:ZNGA Historical Debt Jun 10th 18
More
Can ZNGA meet its short-term obligations with the cash in hand?
GIVEN ZERO LONG-TERM DEBT ON ITS BALANCE SHEET, ZYNGA HAS NO SOLVENCY ISSUES, which is used to describe the company’s ability to meet its long-term obligations. But another important aspect of financial health is liquidity: the company’s ability to meet short-term obligations, including payments to suppliers and employees. Looking at ZNGA’s most recent US$282.71M liabilities, it seems that the business has been able to meet these obligations given the level of current assets of US$830.95M, with a current ratio of 2.94x. Generally, for Software companies, this is a reasonable ratio since there’s sufficient cash cushion without leaving too much capital idle or in low-earning investments.
Next Steps:
ZNGA has no debt in addition to ample cash to cover its near-term commitments. Its safe operations reduces risk for the company and its investors, but some level of debt may also boost earnings growth and operational efficiency. This is only a rough assessment of financial health, and I’m sure ZNGA has company-specific issues impacting its capital structure decisions.
Source:
https://finance.yahoo.com/news/zynga-inc-nasdaq-znga-strong-141223417.html
Huge Block Trades Again !!!
What Is Going On ??
Buyout ?
Target $6 ?
:)
ZNGA: $28,623,015.00 ( BLOCK TRADES) AFTER-HOURS, JUNE 7, 2018
ZNGA: $28,623,015.00 VALUE (BLOCK TRADES) AFTER-HOURS, @16:42:48, 16:23:27, & 16:17:23 (ET)
NASDAQ.COM
JUNE 7, 2018, AFTER HOURS MARKET:
BLOCK TRADE @ 16:42:48, $4.44 x 4,876,300 SHARES = $21,650,772.00 VALUE
BLOCK TRADE @ 16:23:27, $4.44 x 1,157,125 SHARES = $5,137,635.00 VALUE
BLOCK TRADE @ 16:17:23, $4.44 x 413,200 SHARES = $1,834,608.00 VALUE
Source:
https://www.nasdaq.com/symbol/znga/after-hours
@PT...... agreed, crazy after hours volume..... great stuff. I will tell myself that this is Electronic Arts accumulating as many cheap shares as possible before they announce they have acquired Zynga for $ 20 share.
Current Report Filing (8-k) Edgar (US Regulatory) - 5/30/2018 9:08:43 AM
Zynga Acquires Leading Global Mobile Game Developer Gram Games; Team Behind Hit Titles Merge Dragons! and 1010! Business Wire - 5/30/2018 9:00:00 AM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 5/29/2018 4:10:14 PM
Zynga Inc. (ZNGA)
4.44 ? 0.03 (0.68%)
Volume: 18,098,123 @ 4:59:35 PM EDT ET
Bid Ask Day's Range
4.44 4.46 4.4 - 4.57
ZNGA Detailed Quote
Small-cap stock Zynga Inc. (ZNGA
ZNGA
Zynga Inc
4.43
+0.45%
) surged to a four-year high last week after the San Francisco-based game maker missed first quarter earnings estimates by a penny and guided second quarter revenues below estimates. The initial sell-the-news reaction ended after the company announced a $200-million share repurchase program and acquisition of privately held Gram Games for $250 million in cash and performance incentives.
Read more: Small Cap Zynga on Fire After Key Acquisition | Investopedia https://www.investopedia.com/news/small-cap-zynga-fire-after-key-acquisition/#ixzz5Hb8bZDkf
Follow us: Investopedia on Facebook
ZNGA: $13,834,359.45 ( BLOCK TRADES) AFTER-HOURS, JUNE 1, 2018
ZNGA: $13,834,359.45 VALUE (BLOCK TRADES) AFTER-HOURS, @16:20:33 & 16:00:01 (ET)
NASDAQ.COM
JUNE 1, 2018, AFTER HOURS MARKET:
BLOCK TRADE @ 16:20:33, $4.47 x 2,094,937 SHARES = $9,364,368.39 VALUE
BLOCK TRADE @ 16:00:01, $4.47 x 999,998 SHARES = $4,469,991.06 VALUE
Source:
https://www.nasdaq.com/symbol/znga/after-hours
That type of analysis is pretty incomplete given you didn't mention the potential of their recent purchase. Pretty curious analysis given that many think this purchase is a good thing reflected by the rise in share price.
Taken From Seeking Alpha................
There is only one catalyst I can think of
As you probably know, the Federal ban on sports betting was overruled recently. British bookmakers like William Hill (OTCPK:WIMHF) will be looking to expand in the U.S. after this decision. The question is, who else might venture in the space?
While bookmaking is not the same as online poker, nevertheless ZNGA might attempt to venture in the space. Several years ago the company almost ventured into the real money games, so it might attempt again now that this time it would be legal.
And while we do not have any indication that the company might venture into sports betting, it is something that might be a catalyst and will give ZNGA shares a whole new spin.
Bottom line
I do not consider ZNGA's result such that warrant buying its shares at current prices. The company needs to increase profitability substantially to get my interest, and it does not seem that profitability will increase anytime soon.
Getting in the sports betting space might be a catalyst, but the company is still very far from making such a decision.
At the current valuation, and talking into account guidance, I will give the market the benefit of the doubt and say ZNGA shares trade at around fair value. But fair value is not a buy in my book.
ZNGA: (125.80%, 2018) A $8,886,169.60 (BLOCK TRADE) AFTER-HOURS
ZNGA: $8,886,169.60 (A BLOCK TRADE) AFTER-HOURS, @16:21:08 (ET)
NASDAQ.COM
MAY 31, 2018, AFTER HOURS MARKET:
A BLOCK TRADE @ 16:21:08, $4.40 x 2,019,584 SHARES = $8,886,169.60 VALUE
Source:
https://www.nasdaq.com/symbol/znga/after-hours
ZYNGA INC. (ZNGA) PROJECTED TO ACHIEVE 125.80% EARNINGS GROWTH FOR THIS YEAR
MAY 30TH, 2018 ALARIC CARTER NEWS, STOCK HITS...
Source:
https://www.wallstreetinvestorplace.com/2018/05/zynga-inc-znga-projected-to-achieve-125-80-earnings-growth-for-this-year/
ZNGA: ADDS OVER $100 MILLION ANNUAL BOOKINGS & THE STOCK IS CHEAP COMPARED to (ATVI) and (EA)
MAY 30, 2018, AFTER HOURS MARKET
ZNGA: $8,991,682.56 (A BLOCK TRADE) AFTER-HOURS, @16:20:26 (ET)
ZNGA: THE PURCHASE ADDS OVER $100 MILLION IN ANNUAL BOOKINGS PLUS A GAME PIPELINE.
NATURALLY, THE MOBILE GAME DEVELOPER DIDN'T BUY GRAM GAMES WITHOUT AN EXPECTATION OF BOOSTING BOOKINGS FROM THESE GAMES FAR BEYOND THE $10 MILLION PER MONTH LEVEL.
THE STOCK REMAINS CHEAP COMPARED TO ACTIVISION BLIZZARD (ATVI) AND ELECTRONIC ARTS (EA), SUGGESTING EVEN MORE UPSIDE FROM JUST CAPTURING ANOTHER BOOKINGS STREAM BELOW PUBLIC MARKET VALUES.
THE PURCHASE ADDS OVER $100 MILLION IN ANNUAL BOOKINGS PLUS A GAME PIPELINE.
TAKEAWAY
THE KEY INVESTOR TAKEAWAY IS THAT ZYNGA IS BACK ON THE GROWTH PATH AND THE MARKET IS ONLY SLOWLY CATCHING ON.
ZYNGA: BOOKINGS BOOST
MAY.30.18 | ABOUT: ZYNGA (ZNGA)
Stone Fox Capital
Long/short equity, growth at reasonable price, research analyst, Deep Value
Stone Fox Capital
(11,583 followers)
Summary
ZYNGA PURCHASED GRAM GAMES FOR $250 MILLION plus deferred compensation.
THE PURCHASE ADDS OVER $100 MILLION IN ANNUAL BOOKINGS PLUS A GAME PIPELINE.
The stock remains cheap compared to industry peers despite a return to growth.
Before the open Wednesday, Zynga (ZNGA) announced a $250 million cash purchase of a game developer in Turkey. THE LARGE CASH BALANCE MAKES THE DEAL A SIMPLE FINANCIAL TRANSACTION THAT TRADES BOOKINGS FAVORED BY THE MARKET FOR CASH SITTING IDLE on the balance sheet. The move further instills the undervalued investment thesis.
GRAM GAMES
Gram Games created Merge Dragons! and 1010! that contribute about $9 million in monthly bookings. The company forecast a $10 million boost to Q2 bookings based on a May 25 closing date for the deal.
Merge Dragons! has recently reached a Top 50 grossing ranking for the iPhone, but neither game stands out. The game was released back in 2017 so the customer acquisition and live services skills of Zynga could help boost the game metrics.
Source: Thinkgaming
Both games are listed as part of the hyper-casual puzzle genres and probably lack the recognition that Zynga provides. The press release has a heavy slant towards the games in the pipeline for 2019 and beyond, so the purchase may be a play on a pipeline game and the TALENT THAT GRAM GAMES PROVIDES OUTSIDE OF SILICON VALLEY.
BOOKINGS BOOST
As mentioned above, Zynga didn't provide a lot of financials surrounding the deal. THE BIGGEST DISCLOSURE WAS THE $10 MILLION BOOKINGS BOOST TO Q2 from 36 days of owning the business. Depending on the specific details, THE SUGGESTION IS THAT ANNUALIZED BOOKINGS ARE IN THE $100-120 MILLION RANGE.
According to PocketGamer.biz, the typical deal in the gaming sector is about 2x sales or roughly in the range of this deal for Gram Games. With Zynga having a listed cash balance of $650 million at the end of Q1, the deal trades cash for bookings and reduces the cash balance to $400 million.
Regardless of the dynamics of games bought, any deal is immediately accretive to the stock since Zynga trades an EV/S of 3.3x. THE STOCK REMAINS CHEAP COMPARED to Activision Blizzard (ATVI) and Electronic Arts (EA), suggesting even more upside from just capturing another bookings stream below public market values.
ZNGA EV to Revenues (Forward) data by YCharts
AFTER THE DEAL, ZYNGA WOULD HAVE REVENUES IN THE $1.1 BILLION RANGE for 2019 with a stock value at around $3.7 billion. Excluding the $400 million in cash, the stock now trades at an EV/S multiple of 3x. The stock immediately becomes cheaper from acquiring Gram Games.
The deal becomes a big boost to value if Zynga can boost bookings to the $150 million range combined with closing the multiple gap. NATURALLY, THE MOBILE GAME DEVELOPER DIDN'T BUY GRAM GAMES WITHOUT AN EXPECTATION OF BOOSTING BOOKINGS FROM THESE GAMES FAR BEYOND THE $10 MILLION PER MONTH LEVEL.
An EV/S multiple of 4x would push the value created by the deal to $600 million less the $250 million cash payment. Simply boosting bookings by $2.5 million per month and increasing confidence in the market should produce this outcome.
TAKEAWAY
THE KEY INVESTOR TAKEAWAY IS THAT ZYNGA IS BACK ON THE GROWTH PATH AND THE MARKET IS ONLY SLOWLY CATCHING ON. The addition of Gram Games and the associated boost to bookings should help push the stock back over the crucial $5 level.
Disclosure: I am/we are long ZNGA.
I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Additional disclosure: The information contained herein is for informational purposes only. Nothing in this article should be taken as a solicitation to purchase or sell securities. Before buying or selling any stock you should do your own research and reach your own conclusion or consult a financial advisor. Investing includes risks, including loss of principal.
Source:
https://seekingalpha.com/article/4178276-zynga-bookings-boost
ZNGA: $8,991,682.56 (A BLOCK TRADE) AFTER-HOURS, @16:20:26 (ET)
NASDAQ.COM
MAY 30, 2018, AFTER HOURS MARKET:
A BLOCK TRADE @ 16:20:26, $4.32 x 2,081,408 SHARES = $8,991,682.56 VALUE
Source:
https://www.nasdaq.com/symbol/znga/after-hours
FRANK GIBEAU ON WHY ZYNGA’S $250 MILLION ACQUISITION OF GRAM GAMES ADDS UP
May 30th, 2018 - 02:00pm
By Jon Jordan, Contributing Editor
Source:
http://www.pocketgamer.biz/interview/68208/frank-gibeau-on-zyngas-250m-acquisition-of-gram-games/
Wedbush Keeps Their Buy Rating on Zynga
Brian Anderson-May 30, 2018, 3:32 PM EDTSHARE ON:
Wedbush Keeps Their Buy Rating on ZyngaWedbush analyst Michael Pachter maintained a Buy rating on Zynga (NASDAQ: ZNGA) today and set a price target of $6. The company’s shares opened today at $4.20.
ZNGA: BUYS 1010 MAKER GRAM GAMES FOR $250 MILLION, MAY 30, 2018
GRAM GAMES HAS 3 MILLION DAILY ACTIVE USERS, AND ITS FREE-TO-PLAY GAMES HAVE BEEN DOWNLOADED MORE THAN 170 MILLION TIMES
ZYNGA TO PRESENT AT THE COWEN AND COMPANY TECHNOLOGY, MEDIA AND TELECOM CONFERENCE
SAN FRANCISCO- May 31, 2018
ZYNGA BUYS 1010 MAKER GRAM GAMES FOR $250 MILLION
DEAN TAKAHASHI@DEANTAK MAY 30, 2018 6:02 AM
Above: Gram Games founders Mehmet Ecevit (left) and Kaan Karamanci.
Image Credit: Gram Games
GamesBeat Latest
•
Atone is a puzzle adventure inspired by vikings and rhythm games
ZYNGA HAS ACQUIRED 1010 MOBILE GAME MAKER GRAM GAMES FOR $250 MILLION IN CASH PLUS OTHER CONSIDERATIONS.
Frank Gibeau, CEO of San Francisco-based Zynga, said in an interview with GamesBeat that the company will also pay an earnout, or BONUS, OVER THREE YEARS IF GRAM GAMES HITS UNSPECIFIED FINANCIAL TARGETS.
GRAM GAMES HAS STUDIOS IN ISTANBUL, TURKEY, WHERE IT WAS FOUNDED IN 2012, AND IN LONDON. GRAM GAMES CURRENTLY HAS NINE LIVE GAMES, INCLUDING 1010 AND MERGE DRAGONS, WHICH IS A TOP-50-GROSSING GAME IN THE U.S.
Above: Gram Games’ Merge Dragons.
Image Credit: Gram Games
ZYNGA WILL ADD GRAM’S 77 EMPLOYEES TO ITS ROSTER, AND GIBEAU SAID THE DEAL COULD ADD TO THE COMPANY’S “FOREVER FRANCHISES,” or long-life live services games such as Zynga’s Words With Friends franchise.
“THEIR FRANCHISES ARE IN GOOD SHAPE, AND WE ARE VERY EXCITED TO BRING THEM INTO THE COMPANY,” GIBEAU SAID. “They have a unique way of building games through rapid prototyping with small teams.”
“GRAM GAMES HELPED DEFINE THE HYPER-CASUAL GENRE WITH GAMES LIKE 1010 AND SIX, AND WE CONTINUED TO GROW OUR FOOTPRINT WITH MERGE DRAGONS,” SAID KAAN KARAMANCI, COFOUNDER OF GRAM GAMES, IN A STATEMENT. “WE LOOK FORWARD TO MARRYING OUR UNIQUE APPROACH TO GAME MAKING WITH ZYNGA’S LIVE SERVICES EXPERTISE TO GROW OUR GAMES AND CONTINUE TO DELIGHT MILLIONS OF PLAYERS AROUND THE WORLD.”
Above: Gram Games’ studio in Istanbul
Image Credit: Gram Games
GIBEAU ADDED, “THEY FOCUS ON CULTURE AND CREATIVITY. WE WILL KEEP THEM AS IS, and they will operate as an independent studio inside our company.”
GRAM GAMES HAS 3 MILLION DAILY ACTIVE USERS, AND ITS FREE-TO-PLAY GAMES HAVE BEEN DOWNLOADED MORE THAN 170 MILLION TIMES. Gibeau said Gram has good games in its pipeline as well.
Gibeau said the acquisition will be accretive at the outset, and the company will remain committed on delivering its guidance for the fiscal year. Gibeau said the price Zynga paid was two to three times the revenue that Gram generates.
“WE ARE PROUD TO JOIN ZYNGA AND COMBINE GRAM GAMES’ UNIQUE CULTURE, TALENTED TEAM AND HIT GAMES WITH ZYNGA’S WORLD-CLASS ORGANIZATION,” SAID MEHMET ECEVIT, GRAM GAMES CEO, IN A STATEMENT. “WE BELIEVE DEEPLY IN ZYNGA’S MISSION TO CONNECT THE WORLD THROUGH GAMES AND ARE EXCITED TO WORK WITH FRANK AND THE REST OF THE ZYNGA TEAM ON OUR NEXT PHASE OF GROWTH.”
Above: Gram Games’ studio in London
Image Credit: Gram Games
“We were drawn to the talent of the team,” Gibeau said.
The deal is similar to Zynga’s purchase of assets from Peak Games, another Istanbul-based game studio. Zynga paid $100 million last year for Peak’s casual games studio.
“This deal fits with Peak Games in a lot of ways, as both have talented teams with strong creativity and big opportunities, both globally and in emerging markets,” Gibeau said.
ZYNGA SAID IT EXPECTS TO HITS ITS PREVIOUS GUIDANCE FOR EARNINGS FOR THE SECOND QUARTER. Gibeau said that for GAAP (generally accepted accounting principles) purposes, Zynga does not expect any significant revenue impact from Gram Games, as the expected bookings generated in Q2 of $10 million will be accounted for as an increase in deferred revenue and recognized as revenue in future quarters.
Zynga expects a reduction to its adjusted earnings before income taxes, depreciation, and amortization (EBITDA) of $8 million, as a result of the $10 million increase in deferred revenue partially offset by $2 million of expected operating contribution.
Source:
https://venturebeat.com/2018/05/30/atari-relaunches-indiegogo-campaign-for-atari-vcs-game-console/
ZYNGA TO PRESENT AT THE COWEN AND COMPANY TECHNOLOGY, MEDIA AND TELECOM CONFERENCE
SAN FRANCISCO--
(Business Wire)--Zynga Inc. (Nasdaq:ZNGA), a leading social game developer, announced today its Chief Financial Officer Ger Griffin will present at the Cowen and Company 46th Annual Technology, Media and Telecom Conference in New York on Thursday, May 31, 2018.
The presentation is scheduled to begin at 12:20 p.m. Pacific Time (3:20 p.m. Eastern Time) and will be available through a live audio webcast, which will be accessible on Zynga’s Investor Relations website at http://investor.zynga.com. A replay will also be available on Zynga's Investor Relations website following the event.
About Zynga Inc.
Since its founding in 2007, Zynga’s mission has been to connect the world through games. To date, more than 1 billion people have played Zynga’s games across web and mobile, including FarmVille, Zynga Poker, Words With Friends, Hit it Rich! Slots and CSR Racing. Zynga’s games are available on a number of global platforms including Apple iOS, Google Android, Facebook and Zynga.com. The company is headquartered in San Francisco, Calif., and has additional offices in the U.S., Canada, U.K., Ireland, India, Turkey and Finland. Learn more about Zynga at https://www.zynga.com/blog or follow us on Twitter and Facebook.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180529005264/en/
Zynga Inc.
Investor Relations Contact
Rebecca Lau
investors@zynga.com
or
Press Contact
Kelly Pakula
kpakula@zynga.com
Source:
http://www.digitaljournal.com/pr/3792728
ZNGA: $5,103,332.74 (A BLOCK TRADE) AFTER-HOURS, @16:21:00 (ET)
NASDAQ.COM
MAY 29, 2018, AFTER HOURS MARKET:
A BLOCK TRADE @ 16:21:00, $4.18 x 1,220,893 SHARES = $5,103,332.74 VALUE
Source:
https://www.nasdaq.com/symbol/znga/after-hours
We Need Big Monster NEWS To Blow These SHORTS Out !!!!
Someone Took A Huge Short Position. Look At The Short Interest
Report ! What's That About ????
"(
ZNGA: HIGHER, FORCING SHORT SELLERS OUT
A SHORT SQUEEZE IN SHARES OF ZNGA.
IN RECENT ACTION, ZYNGA INC. (ZNGA) HAS MADE A MOVE OF +19.83% OVER THE PAST MONTH,
LIKELIHOOD OF A SHORT SQUEEZE IN SHARES OF ZNGA.
WWW.INVESTOPEDIA.COM
SHORT SQUEEZE (DEFINITION EXPLAINED)
WHAT IS A 'SHORT SQUEEZE'
A SHORT SQUEEZE IS A SITUATION IN WHICH A HEAVILY SHORTED STOCK OR COMMODITY MOVES SHARPLY HIGHER, FORCING MORE SHORT SELLERS TO CLOSE OUT THEIR SHORT POSITIONS AND ADDING TO THE UPWARD PRESSURE ON THE STOCK.
IT IMPLIES THAT SHORT SELLERS ARE BEING SQUEEZED OUT OF THEIR SHORT POSITIONS, USUALLY AT A LOSS, and is generally triggered by a positive development that suggests the stock may be embarking on a turnaround. Although the turnaround in the stock’s fortunes may only prove to be temporary, FEW SHORT SELLERS CAN AFFORD TO RISK RUNAWAY LOSSES ON THEIR SHORT POSITIONS AND MAY PREFER TO CLOSE THEM OUT EVEN IF IT MEANS TAKING A SUBSTANTIAL LOSS.
Source:
https://www.investopedia.com/terms/s/shortsqueeze.asp
WWW.STOCKNEWSJOURNAL.COM
HOME FINANCE ZYNGA (ZNGA): WHAT’S THE STORY?
•FINANCE
ZYNGA (ZNGA): WHAT’S THE STORY?
BY
KELVIN WILSON
-
MAY 29, 2018
ZYNGA INC. (ZNGA) IS AN INTERESTING PLAYER IN THE TECHNOLOGY SPACE, WITH A FOCUS ON MULTIMEDIA & GRAPHICS SOFTWARE. THE STOCK HAS BEEN ACTIVE on the tape, currently trading at $4.17, up from yesterday’s close by 0.72%. Given the stock’s recent action, it seemed like A GOOD TIME TO TAKE A CLOSER LOOK AT THE COMPANY’S RECENT DATA.
FUNDAMENTAL ANALYSIS
ZYNGA INC. (ZNGA) CURRENTLY TRADES WITH A MARKET CAPITALIZATION OF $3.55 BILLION. That value represents a market adjusting for revenues that have been growing by 15.13 % on a quarterly year/year basis as of the company’s last quarterly report.
You can get a sense of how sustainable that is by a levered free cash flow of $86.24 Million over the past twelve months. GENERALLY SPEAKING, EARNINGS ARE EXPECTED TO HOLD STEADY IN COMING QUARTERS. Analysts are forecasting earnings of $0.03 on a per share basis this quarter. Perhaps, that suggests something about why 1.40% of the outstanding share supply is held by institutional investors.
TECHNICAL ANALYSIS
As most professionals know, technical analysis can offer critical insights into what smart money and insiders think about a stock’s prospects going forward. Looking at the stock’s movement on the chart, Zynga Inc. recorded a 52-week high of $4.34. It is now trading 0.17% off that level. The stock is trading $3.73 its 50-day moving average by -0.44%. The stock carved out a 52-week low down at $3.20.
IN RECENT ACTION, ZYNGA INC. (ZNGA) HAS MADE A MOVE OF +19.83% OVER THE PAST MONTH, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 13.05, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 5.05% with $693.35 MILLION SITTING SHORT, betting on future declines.
That suggests something of the LIKELIHOOD OF A SHORT SQUEEZE IN SHARES OF ZNGA.
Source:
https://www.stocknewsjournal.com/2018/05/29/zynga-znga-whats-the-story/
ZNGA: ONLY 12.26% OUTSTANDING, 87.74% INSTITUTIONAL & INSIDERS OWNED
NASDAQ
INSTITUTIONAL HOLDINGS79.94%
TOTAL NUMBER OF HOLDERS259
TOTAL SHARES HELD616,033,158
TOTAL VALUE OF HOLDINGS 2,513,415,285
NET ACTIVITY(4,368,943)
Source:
https://www.nasdaq.com/symbol/znga/institutional-holdings
HOT STOCK THAT MUST BE IN YOUR PORTFOLIO – ZYNGA INC.
NASDAQ JOURNAL STAFF
MAY 23, 2018
…PRESENTLY, 7.80% SHARES OF ZYNGA INC. (NASDAQ:ZNGA) ARE OWNED BY INSIDERS…
Source:
nasdaqjournal.com/2018/05/23/hot-stock-that-must-be-in-your-portfolio-zynga-inc-nasdaqznga/13/34/12/
Zynga Inc. Stock Analysis
Technical stock analysis for Tue 22'nd May 2018
Buy candidate since 2018-05-17
Zynga Inc. fell by -0.24% in the last day from $4.09 to $4.08 and has now fallen 3 days in a row. The price has risen in 7 of the last 10 days and is up by 5.43% over the past 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -1.53 million shares and in total 5.20 million shares bought and sold for approximately $21.23 million.
Looks Like Someone Bought ?
We'er Up Today !!!!!
We Need Some HUGE News ............
Maybe, Just Maybe, FB Still Likes ZNGA !!!!!!!!!
:):)
ZNGA: $18,692,197.68 (A BLOCK TRADE) AFTER-HOURS, @19:28:55 (ET)
NASDAQ.COM
MAY 22, 2018, AFTER HOURS MARKET:
A BLOCK TRADE @ 19:28:55, $4.08 x 4,581,421 SHARES = $18,692,197.68 VALUE
Source:
https://www.nasdaq.com/symbol/znga/after-hours
ZNGA: COULD CONSIDER ACQUISITION OFFERS MORE EASILY? MR. GIBEAU DEFLECTED, SAYING…
WHEN ASKED IF ZYNGA COULD CONSIDER ACQUISITION OFFERS MORE EASILY NOW THAT MR. PINCUS HAD RELINQUISHED MOST OF HIS VOTING POWER, MR. GIBEAU SAID, “THAT’S NOT OUR MISSION…
CHARLES ELSON, A CORPORATE GOVERNANCE PROFESSOR AT THE UNIVERSITY OF DELAWARE, SAID THAT IN HIS 20 YEARS OF TRACKING ISSUES AROUND MULTICLASS STOCK STRUCTURES,
MR. PINCUS WAS THE FIRST PUBLIC COMPANY EXECUTIVE HE COULD RECALL WHO VOLUNTARILY REDUCED HIS VOTING POWER SO DRAMATICALLY. “IT’S QUITE AN UNUSUAL MOVE...
Mark Pincus, Zynga’s founder, said he was reducing his power over the company by converting some of his shares that carry more voting clout into ordinary shares.CreditStephen McCarthy/Sportsfile for Web Summit
By Nick Wingfield and Jack Nicas
May 2, 2018
For more than a decade, some of the best known technology companies, including Google, Facebook and Snap, have sold shares to the public while maintaining a corporate structure that allowed their founders to keep tight control over their companies.
For Silicon Valley entrepreneurs, it was a way to protect themselves from pesky investors interested in short-term gains, even as shareholder advocates blasted the arrangements for creating unaccountable leaders.
Now Zynga, a once high-flying maker of popular internet games such as FarmVille and Words With Friends, has taken the unusual step of scrapping its founder-friendly structure — a change that could make it easier for the company to sell itself down the line.
The founder-empowered structure at the heart of many tech companies is known as a multiclass stock structure, under which those who started the company own a certain class of stock that gives them outsize voting power even after it goes public.
At Zynga, Mark Pincus, the company’s founder, has now converted some of his shares that carry more voting clout — known as Class B and C shares — into common Class A shares. The conversion reduces his overall voting power at Zynga to about 10 percent from about 70 percent. Mr. Pincus will not see any change in his economic interest in the company from the conversion.
The change comes as Mr. Pincus and his wife, Alison Gelb Pincus, are going through a divorce. Last year, publications in San Francisco, where Zynga is based, speculated that the divorce could jeopardize his control over Zynga. Ms. Pincus is challenging a prenuptial agreement with her husband, according to a document filed in California Superior Court. An attorney for Ms. Pincus did not respond to a request for comment.
Image
Zynga, which created popular internet games such as FarmVille, was once a high-flying company.CreditRobert Galbraith/Reuters
In a phone interview, Mr. Pincus said his divorce, which he described as amicable, was “not part of or relevant to the announcement” of his conversion of his stock.
Rather, Mr. Pincus said, he made the decision in consultation with Zynga’s board, partly because of growing criticism of dual- and multiclass share structures. As part of the change, Mr. Pincus said, he will leave Zynga as an employee — he was executive chairman — and become nonexecutive chairman of the company’s board of directors.
“We think the company doesn’t benefit anymore from a multiclass structure,” Mr. Pincus said.
Dual-class voting structures have been around for decades and have been especially popular at media companies, such as News Corporation and The New York Times Company.
Many prominent tech companies have turned to them as well, starting with the initial public offering of Google in 2004. Since then, Facebook, Zynga, Snap and a variety of others have followed suit with similar structures. As a result, shareholder meetings for some of the world’s most valuable companies — including Facebook and Alphabet, the holding company that now owns Google — are mostly for show. Shareholders propose and vote on resolutions even though the founders have the only votes that matter.
The vast majority of companies that go public have a single class of stock, where one share equals one vote. About 81 percent of companies that went public last year had single-class arrangements, according to the Council of Institutional Investors, a nonprofit association of pension funds and other large investors.
Charles Elson, a corporate governance professor at the University of Delaware, said that in his 20 years of tracking issues around multiclass stock structures, Mr. Pincus was the first public company executive he could recall who voluntarily reduced his voting power so dramatically.
“It’s quite an unusual move, but it’s a welcome move,” Mr. Elson said.
Multiclass structures are bad for ordinary investors because they make founders unaccountable, he added. “If a C.E.O. does a poor job, he’s not going to fire himself,” he said. “The problems it creates far outweigh any benefits.”
Some recent studies, however, have suggested that companies with multiclass structures have outperformed companies with a single stock class. A report last month by the lawyer David Berger and Prof. Laurie Simon Hodrick of Columbia Business School concluded that there are benefits to multiclass structures, including limiting pressure from institutional investors, which own the majority of public shares. The authors said that calls to limit multiclass structures were premature.
In response to some of the criticism of multiclass structures, more companies are going public with provisions that automatically convert their shares to a single class after a period of time, anywhere from five to 20 years. Fitbit, the maker of fitness trackers, went public in 2015 with a 12-year provision that sunsets its dual-class stock, while the cloud software company Okta went public last year with a similar 10-year provision.
Mr. Pincus said Zynga’s multiclass share structure provided his company with “air cover” during several difficult years after it went public at the end of 2011. The company originally made games that people played on Facebook through desktop web browsers, but its business was upended by the surge of mobile gaming on smartphones.
Zynga gradually focused on mobile games, but its stock has languished even as it has mounted a turnaround under a new chief executive, Frank Gibeau. The company’s shares closed at $3.64 on Wednesday, far below the $10 public offering price. Zynga also announced it had swung to a profit of $5.6 million in the first quarter from a loss of $9.5 million a year ago.
Mr. Pincus said his voting control at Zynga had not given him veto power over outside offers to acquire the company, though it did give him the ability to replace board members. He said he had never exercised that right.
WHEN ASKED IF ZYNGA COULD CONSIDER ACQUISITION OFFERS MORE EASILY NOW THAT MR. PINCUS HAD RELINQUISHED MOST OF HIS VOTING POWER, MR. GIBEAU SAID, “THAT’S NOT OUR MISSION — our focus is to grow the company.”
Mr. Pincus said he intended to devote more time to investing in start-ups. He said he was particularly interested in companies focused on the blockchain, the technology that’s behind electronic currencies like Bitcoin, but could also have broader applications.
Giving up his control of Zynga, Mr. Pincus said, will “create more space between me and the company whenever I go launch new products.”
Source:
https://www.nytimes.com/2018/05/02/technology/zynga-shares.html
I Take That It Was A Sell !
Since We Are Down Today !!!
:(:(:(:(
ZNGA: AFTER HOURS- 17,363,859 MILLION SHARES (5/18 2018)
05/18/2018 19:53:23
Home > Quotes > ZNGA > After Hours Trading
ZYNGA INC. (ZNGA) AFTER HOURS TRADING
$4.18
*
UNCH
05/18/2018 19:53:23
AFTER HOURS VOLUME: 17,363,859 SHARES
Source:
https://www.nasdaq.com/symbol/znga/after-hours
WOW!! Train Moving Slow !!!!
But, Oh Yes ! It's Going North........
Enjoy The Ride !!! Anyone See How Far This Train ill Go !!!
$10.00 For Starters !!!!!
:):):)
$ZNGA If we can break through resistance at $4.10 this thing could gap up fast towards the 52 week high. Keep ZNGA on watch today!!!
ZNGA: CNBC POWER LUNCH TALKS ZNGA, EARLY INVESTORS, BIG GAMING, LEGALIZED Symbol Company Last Sale* Change Net / % Share Volume
ZNGA MAY 17TH, 2018
SHARE VOLUME = 25,996,378
&
AFTER HOURS
SHARE VOLUME = 2,246,888
CNBC
VC ON BETTING BIG ON GAMING START-UPS
Duration: 06:14
1 day ago
PAUL MARTINO, BULLPEN CAPITAL GENERAL PARTNER,
AND “FAST MONEY” TRADER GUY ADAMI DISCUSS THE FUTURE OF GAMING AND GAMBLING START-UPS WITH THE SUPREME COURT’S RULING ON LEGALIZING SPORTS BETTING.
VIDEO LINK BELOW
https://www.msn.com/en-us/money/smallbusiness/vc-on-betting-big-on-gaming-start-ups/vi-AAxnmn5
ZYNGA INC. (ZNGA) EXPECTED TO ACHIEVE EARNINGS GROWTH OF 125.80% FOR THIS YEAR…
MAY 17TH, 2018 ASTON BRADLEY NEWS
Zynga Inc. (ZNGA)’s EPS growth Analysis:
Source:
https://www.wallstreetinvestorplace.com/2018/05/zynga-inc-znga-expected-to-achieve-earnings-growth-of-125-80-for-this-year-2/
NASDAQ – Most Active Stocks
May 17, 2018
Zynga Inc. Zynga Inc. $ 4.08 0.02 ? 0.49% 25,996,378
Source:
https://www.nasdaq.com/markets/most-active.aspx
NASDAQ AFTER HOURS
ZNGA
Zynga Inc. (ZNGA) After Hours Trading
$4.08* unch
*Delayed - data as of 05/17/2018 18:52:53 -
Community Rating: Bullish
AFTER HOURS TIME (ET) AFTER HOURS PRICE AFTER HOURS SHARE VOLUME
17:11:27 $ 4.08 2,246,888
Source:
https://www.nasdaq.com/symbol/znga/after-hours
PREVIOUS POST BELOW
ZNGA: U.S. SUPREME COURT ACTED MONDAY, BUST NEVADA'S MONOPOLY ON BETTING
THE U.S. SUPREME COURT ACTED MONDAY TO BUST NEVADA'S MONOPOLY ON LEGAL SPORTS BETTING, allowing MORE STATES TO GET IN ON THE ACTION AND REAP THE TAX BENEFITS.
The Westgate Superbook sports book on March 15, 2018, in Las Vegas.Ethan Miller / Getty Images file
WASHINGTON — The U.S. Supreme Court acted Monday to bust Nevada's monopoly on legal sports betting, allowing more states to get in on the action and reap the tax benefits.
The court, in a 6-3 ruling, struck down a federal law that required states to ban gambling on the outcome of sporting events. The Professional and Amateur Sports Protection Act was highly unusual: It did not ban sports gambling nationwide as a matter of federal law, but it said the states were not allowed to permit it. (Nevada was grandfathered in when the law was passed in 1992.)
Dozens of states across the country are prepared to move forward quickly to offer sports betting in the wake of the court's decision.
Supreme Court backs New Jersey's bid to legalize sports betting
03:09
New Jersey and then-Gov. Chris Christie challenged the federal ban, arguing that it violated the Tenth Amendment, which the Supreme Court has said prohibits federal laws that compel states to carry out federal dictates. The gambling law, Christie said, commandeered the states by forcing them to prohibit sports wagering.
Source:
https://www.nbcnews.com/politics/supreme-court/supreme-court-allows-sports-betting-across-country-n868956
ZNGA: VERY CHEAP AT $4, THIS RUN ONLY THE INITIAL STEP IN A MULTI-YEAR RALLY.
THE STOCK IS SETUP FOR THIS RUN TO $4 BEING ONLY THE INITIAL STEP IN A MULTI-YEAR RALLY.
THE STOCK THOUGH STILL TRADES AT VERY CHEAP LEVELS AT $4 AND A DISCOUNT TO PEERS.
THE STOCK IS ON THE VERGE OF A BREAKOUT AT THIS LEVEL
ZYNGA NOW HAVING THE HIGHER FORECASTED GROWTH RATE
THE KEY INVESTOR TAKEAWAY IS THAT THE MARKET IS SLOWLY CATCHING ON TO THE ATTRACTIVE VALUATION OF ZYNGA
THE STOCK SHOULDN'T TRADE AT A SUBSTANTIAL EV/S DISCOUNT TO THESE INDUSTRY LEADERS
ZYNGA: FOREVER UNDERVALUED
MAY.17.18 | ABOUT: ZYNGA (ZNGA)
Stone Fox Capital
Long/short equity, growth at reasonable price, research analyst, Deep Value
Stone Fox Capital
(11,311 followers)
Summary
Zynga appears POISED TO BREAKOUT FROM RECENT RESISTANCE AT THE $4 LEVEL.
The mobile-game market remains in a bullish growth trend.
The company continues to execute on growing bookings from forever franchise games.
Forecasts for 9% revenue growth in 2019 surpasses industry leaders.
ZYNGA (ZNGA) IS QUIETLY APPROACHING MULTI-YEAR HIGHS on the back of strong execution that now produces consistent growth. Combined with solid growth forecasts for the mobile-game market, THE STOCK IS SETUP FOR THIS RUN TO $4 BEING ONLY THE INITIAL STEP IN A MULTI-YEAR RALLY.
Forever Franchises
The investment thesis on Zynga changed a while back as the mobile-game developer shifted the development model to more predictable updates and live services from a reliance on developing new hit games. The ability to produce consistent bookings growth from existing franchises like Words With Friendsand Zynga Poker de-risked buying the stock back when the Zynga traded below $3.
Source: Zynga Q1'18 shareholders letter
None of these games top the grossing game charts so growing is part of taking market share and participating in a growing mobile market. The mobile portion of the global game market is set to expand to $70 billion this year and reach over $100 billion by 2021.
SMARTPHONE GAMES HAVE ALREADY SURPASSED BOTH PC AND CONSOLE REVENUES PLACING ZYNGA IN AN IDEAL POSITION TO FINALLY BENEFIT FROM MARKET GROWTH.
Source: Newzoo
Zynga hasn't been perfect in execution as the social slots category saw mobile revenue dip 4% over last Q1. Mobile bookings were flat for this category, but the company still executed on 10% bookings growth YoY.
Guidance for Q2 bookings was $218 million, a solid jump from the $205 million estimate from last year. Zynga has a history of smashing internal estimates on bookings. The company beat the Q2 estimate last year by $4.2 million and smashed the Q1 estimate by $9.5 million. A similar beat this time would place Zynga at the highest level in years at possibly $225 million.
Easy Undervalued Argument
The argument now that ZYNGA IS GENERATING CONSISTENT PROFITS IS THAT THE STOCK IS UNDERVALUED FOR THE GAMING SECTOR. With bookings at just above $200 million per quarter, a big hit game could drive a spark in bookings growth providing a huge catalyst for the stock.
The thesis though is based on the company returning to growth in excess of industry leaders. Analysts forecast FY19 revenue growth for Activision (ATVI) and Electronic Arts (EA) below the growth rate of Zynga:
• Zynga - 9.1%
• Activision - 7.0%
• EA - 8.8%
Despite ZYNGA NOW HAVING THE HIGHER FORECASTED GROWTH RATE and the obvious logical conclusion that a new game could move the needle more at the smaller company, THE STOCK SHOULDN'T TRADE AT A SUBSTANTIAL EV/S DISCOUNT TO THESE INDUSTRY LEADERS.
ZNGA EV to Revenues (Forward) data by YCharts
Takeaway
THE KEY INVESTOR TAKEAWAY IS THAT THE MARKET IS SLOWLY CATCHING ON TO THE ATTRACTIVE VALUATION OF ZYNGA now that growth is more predictable. THE STOCK THOUGH STILL TRADES AT VERY CHEAP LEVELS AT $4 AND A DISCOUNT TO PEERS. Possibly even as important, THE STOCK IS ON THE VERGE OF A BREAKOUT AT THIS LEVEL that could SEND THE MOBILE-GAME DEVELOPER TOWARDS the 2014 highs of nearly $6.
Disclosure: I am/we are long ZNGA.
I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Additional disclosure: The information contained herein is for informational purposes only. Nothing in this article should be taken as a solicitation to purchase or sell securities. Before buying or selling any stock you should do your own research and reach your own conclusion or consult a financial advisor. Investing includes risks, including loss of principal.
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Source:
https://seekingalpha.com/article/4175050-zynga-forever-undervalued
PREVIOUS POST BELOW
ZNGA: NOW OPEN TO TAKEOVER BIDS, UPGRADED $6.00, SPORTS BETTING IN WEEKS
EXPECT TO SEE LEGAL SPORTS BETTING IN COMING WEEKS, WILLIAM HILL US...
2 HOURS AGO
JOE ASHER, WILLIAM HILL U.S. CEO, DISCUSSES THE LATEST SUPREME COURT RULING THAT OPENS UP SPORTS BETTING ACROSS THE COUNTRY.
SEE VIDEO LINK BELOW:
https://www.cnbc.com/video/2018/05/15/expect-to-see-legal-sports-betting-in-coming-weeks-william-hill-us-ceo-says.html
ZYNGA (ZNGA) UPGRADED AT BIDASKCLUB
POSTED BY TATUM PEREGRIN ON MAY 14TH, 2018
BIDASKCLUB UPGRADED SHARES OF ZYNGA (NASDAQ:ZNGA) FROM A SELL RATING TO A HOLD RATING IN A RESEARCH REPORT REPORT PUBLISHED ON FRIDAY, MAY 4TH.
Several other analysts have also recently issued reports on ZNGA. Zacks Investment Research cut Zynga from a strong-buy rating to a hold rating in a research report on Saturday, January 13th. WEDBUSH SET A $6.00 PRICE OBJECTIVE ON ZYNGA AND GAVE THE STOCK A BUY RATING IN A RESEARCH REPORT
Source:
https://ledgergazette.com/2018/05/14/zynga-znga-raised-to-hold-at-bidaskclub.html
PINCUS' LATEST MOVE CAN IMPROVE ZYNGA'S LONG-TERM PROSPERITY
MAY. 6.18 | ABOUT: ZYNGA (ZNGA)
Motek Moyen
Event-driven, tech, value, momentum
I Know First
(4,652 followers)
Summary
MARK PINCUS HAS CONVERTED HIS FOUNDER SUPER-VOTING STOCKS TO ORDINARY STOCKS. HIS VOTING POWER IS NOW REDUCED FROM 70% TO 10%.
It is a generous gesture from Mr. Pincus. By giving up his super-voting/veto privileges, ZYNGA’S LONG-TERM STRATEGY IS NOW MORE FLEXIBLE.
PINCUS’ SACRIFICE MEANS ZYNGA IS NOW OPEN TO TAKEOVER BIDS. ZYNGA IS AN ATTRACTIVE M&A TARGET. IT IS PROFITABLE AND HAS NO DEBT with $740 million in cash.
I hope Zynga will consider porting some of its Android/iOS games to Facebook’s Instant Games platform. Facebook has enabled in-app purchases on its Instant Games Platform.
I am still long Zynga (ZNGA). This company posted excellent numbers on its Q1 2018 earnings report. In spite of not having a new hit game, Zynga still posted Q1 revenue of $208.2 million, up 7% year over year [Y/Y]. Mobile revenue is $182.6 million, up 13% Y/Y. Net income was $5.6 million - a big turnaround from Q1 2017’s net loss of $9.5 million. The all-important metric pertaining to the number of mobile average daily active users also increased 24% Y/Y to 23 million.
Source:
https://seekingalpha.com/article/4170467-pincus-latest-move-can-improve-zyngas-long-term-prosperity
Looks Like The MM'S Covered Some Of
Their SHORTS Today .........
Marching Towards $5.............
:):)
Folks ! Last Chance To Buy ZNGA Under $4.............
Oh Yes !!!!!!!!!!!
:):)
ZNGA: NOW OPEN TO TAKEOVER BIDS, UPGRADED $6.00, SPORTS BETTING IN WEEKS
EXPECT TO SEE LEGAL SPORTS BETTING IN COMING WEEKS, WILLIAM HILL US...
2 HOURS AGO
JOE ASHER, WILLIAM HILL U.S. CEO, DISCUSSES THE LATEST SUPREME COURT RULING THAT OPENS UP SPORTS BETTING ACROSS THE COUNTRY.
SEE VIDEO LINK BELOW:
https://www.cnbc.com/video/2018/05/15/expect-to-see-legal-sports-betting-in-coming-weeks-william-hill-us-ceo-says.html
ZYNGA (ZNGA) UPGRADED AT BIDASKCLUB
POSTED BY TATUM PEREGRIN ON MAY 14TH, 2018
BIDASKCLUB UPGRADED SHARES OF ZYNGA (NASDAQ:ZNGA) FROM A SELL RATING TO A HOLD RATING IN A RESEARCH REPORT REPORT PUBLISHED ON FRIDAY, MAY 4TH.
Several other analysts have also recently issued reports on ZNGA. Zacks Investment Research cut Zynga from a strong-buy rating to a hold rating in a research report on Saturday, January 13th. WEDBUSH SET A $6.00 PRICE OBJECTIVE ON ZYNGA AND GAVE THE STOCK A BUY RATING IN A RESEARCH REPORT
Source:
https://ledgergazette.com/2018/05/14/zynga-znga-raised-to-hold-at-bidaskclub.html
PINCUS' LATEST MOVE CAN IMPROVE ZYNGA'S LONG-TERM PROSPERITY
MAY. 6.18 | ABOUT: ZYNGA (ZNGA)
Motek Moyen
Event-driven, tech, value, momentum
I Know First
(4,652 followers)
Summary
MARK PINCUS HAS CONVERTED HIS FOUNDER SUPER-VOTING STOCKS TO ORDINARY STOCKS. HIS VOTING POWER IS NOW REDUCED FROM 70% TO 10%.
It is a generous gesture from Mr. Pincus. By giving up his super-voting/veto privileges, ZYNGA’S LONG-TERM STRATEGY IS NOW MORE FLEXIBLE.
PINCUS’ SACRIFICE MEANS ZYNGA IS NOW OPEN TO TAKEOVER BIDS. ZYNGA IS AN ATTRACTIVE M&A TARGET. IT IS PROFITABLE AND HAS NO DEBT with $740 million in cash.
I hope Zynga will consider porting some of its Android/iOS games to Facebook’s Instant Games platform. Facebook has enabled in-app purchases on its Instant Games Platform.
I am still long Zynga (ZNGA). This company posted excellent numbers on its Q1 2018 earnings report. In spite of not having a new hit game, Zynga still posted Q1 revenue of $208.2 million, up 7% year over year [Y/Y]. Mobile revenue is $182.6 million, up 13% Y/Y. Net income was $5.6 million - a big turnaround from Q1 2017’s net loss of $9.5 million. The all-important metric pertaining to the number of mobile average daily active users also increased 24% Y/Y to 23 million.
Source:
https://seekingalpha.com/article/4170467-pincus-latest-move-can-improve-zyngas-long-term-prosperity
ZNGA: WORDS WITH FRIENDS 2 & ELIZABETH HURLEY CELEBRATE THE WEDDING
WORDS WITH FRIENDS 2 & ELIZABETH HURLEY CELEBRATE THE WEDDING OF THE YEAR WITH THE LAUNCH OF THE ROYAL SOCIAL DICTIONARY
The #1 Mobile Word Game Incorporates British Slang Curated by Elizabeth Hurley and Will Feature a “Downton Abbey” Solo Challenge Just Ahead of Prince Harry and Meghan Markle’s Highly Anticipated Union
May 15, 2018 09:00 AM Eastern Daylight Time
SAN FRANCISCO--(BUSINESS WIRE)--Today, Zynga Inc. (Nasdaq: ZNGA), a leading social game developer, announced the launch of the Words With Friends 2 Royal Social Dictionary, an extension of last year’s pop culture inspired Social Dictionary, which added more than 50,000 new playable words.
Curated by “The Royals” actress Elizabeth Hurley, the Words With Friends 2Royal Social Dictionary gives Brits and non-Brits alike, a novel way to celebrate the pomp and circumstance of Prince Harry and Meghan Markle’s nuptials from the palm of their hands. The launch of the new Royal Social Dictionary introduces never-before-playable words stemming from popular British slang including Bagsy, Blimey, Skive, Knackered, Clanger, Gobsmacked, and Harkle, a playful portmanteau in honor of the soon to be wed, Harry and Meghan.
“Growing up in the UK, we used our own version of slang words to describe common things as a way of emphasizing our feelings in conversation. I was so honored to serve as Royal Ambassador to the team behind Words With Friends 2, to curate the Royal Social Dictionary,” says Elizabeth Hurley. “My hope is that more people will become familiar with the expressions we chose for the game, enjoy them with their friends, and that I won’t have to explain what ‘knackered’ means to my American castmates any longer!”
As a follow up to the largest dictionary update in Words With Friends history, the Royal Social Dictionary playfully captures the essence of British culture while the world’s attention is focused on the Royal Wedding.
“We share the world’s excitement for the upcoming Royal Wedding and we wanted to give our fans a fun way to celebrate the coming H-A-R-K-L-E nuptials through our unique take on language and word trends,” said Bernard Kim, President of Publishing, Zynga. “We knew Elizabeth would be an A-C-E extension of our team to ensure the new Words With Friends 2 Royal Social Dictionary captured the charm and wit of British culture.”
Available now, the new Words With Friends 2 Royal Social Dictionary will include:
• Ace: Awesome
• Bagsy: Calling dibs
• Blimey: Expressing surprise
• Bloody: Emphasis of an expression
• Cheerio: Goodbye
• Chum: A posh mate or best friend
• Clanger: Mistake
• Collywobbles: Butterflies in stomach
• Crikey: Exclamation of surprise
• Ghastly: Didn’t like something
• Gobsmacked: Astonished
• Harkle: Meghan and Harry’s couple name
• Jammy: Very lucky
• Knackered: Tired
• Naff: Unfashionable
• Paddy: To throw a fit or temper tantrum
• Ruby: An Indian curry
• Skive: Faking sick to get out of school or work, like to watch the Royal Wedding
• Ta: Thanks
• Telly: Television
Along with the inclusion of British inspired terms, Words With Friends 2 invites players to compete in the limited edition Solo Challenge with Downton Abbey: The Exhibition in NYC, where they can play against ten characters from “Downton Abbey”. From the Earl of Grantham and Lady Mary to Mr. Carson and Daisy, players can enjoy challenges of increasing difficulty as they use their wits and word skills to earn the Downton Abbey Crest.
Fans can play the “Downton Abbey” Solo Challenge now through May 27th in Words With Friends 2, and try out the new Royal Social Dictionary words against their mates by downloading the app via the App Store and Google Play. For more information on Words With Friends 2, visit the game's community channels on Facebook, Instagram and Twitter. Downton Abbey: The Exhibition is open in New York City until September 3rd, based on the beloved television show, guests are transported to post-Edwardian England, where the characters and the iconic house come to life. Be immersed in the fascinating social history, culture, and some of the most memorable moments from the show’s six-season run, including an in-depth look at past marriages between American’s and British Aristocrats, much like Robert and Cora. Tickets available here.
About Zynga Inc.
Since its founding in 2007, Zynga's mission has been to connect the world through games. To-date, more than 1 billion people have played Zynga's games across Web and mobile, including FarmVille, Zynga Poker, Words With Friends, Hit it Rich! Slots and CSR Racing. Zynga's games are available on a number of global platforms including Apple iOS, Google Android, Facebook and Zynga.com. The company is headquartered in San Francisco, Calif., and has additional offices in the U.S., Canada, U.K., Ireland, India, Turkey and Finland. Learn more about Zynga at https://www.zynga.com/blog or follow us on Twitter and Facebook.
Contacts
Zynga Inc.
Kelly Pakula
Press@zynga.com
Source:
https://www.businesswire.com/news/home/20180515005228/en/Words-Friends-2-Elizabeth-Hurley-Celebrate-Wedding
Looking Good...............
Analyst Price Target on ZNGA
$5.50
? (37.50%Upside)
Based on 3 analysts offering 12 month price targets for ZNGA in the last 3 months. The average price target is $5.50 with a high estimate of $6.00 and a low estimate of $5.00.
:):):)
There it is, we closed at $4.00
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