Zynga Inc (ZNGA)

[Trevor11]

ZNGA: BULLISH, (ZYNGA & TIME INC.'S PEOPLE(R) PARTNER),“BUY” RATING & $5.00 TARGET ISSUED








IN ALL WAYS AND FROM ALL ANGLES OF ANALYSIS,... BULLISH


JEFFERIES GROUP LLC REITERATED A “BUY” RATING AND ISSUED A $5.00 TARGET PRICE ON SHARES OF ZYNGA





PRESS RELEASE
ZYNGA AND TIME INC.'S PEOPLE(R) PARTNER FOR THE DEBUT OF CROSSWORDS WITH FRIENDS
PUBLISHED: MAY 4, 2017 9:00 A.M. ET


NEW MOBILE GAME REIMAGINES THE CLASSIC PASTIME IN A POP CULTURE-INSPIRED EXPERIENCE ON IOS AND ANDROID
SAN FRANCISCO, MAY 04, 2017 (GLOBE NEWSWIRE VIA COMTEX) --
ZYNGA ZNGA, +0.69% A LEADING SOCIAL GAME DEVELOPER, AND TIME INC.'S PEOPLE, THE LEADING AUTHORITY ON CELEBRITY, POP CULTURE AND ENTERTAINMENT NEWS, TODAY ANNOUNCED THE LAUNCH of Crosswords With Friends, Zynga's latest addition to its With Friends games collection, which includes Words With Friends, one of the world's most popular word games. The free-to-play Crosswords With Friends game is available today on the App Store for iPhone, iPad and iMessage and on Google Play for Android devices.



From the team who brought Words With Friends to hundreds of millions of players around the globe, Crosswords With Friends tests players' brain power with fresh, topical puzzles delivered daily. Whether it's Movie Monday, Top 40 Thursday or Sports Fan Friday, there are more ways than ever before to demonstrate your pop culture prowess. Through a cross-platform partnership with People, every Sunday, players can test their celebrity knowledge with an exclusive People crossword featuring themes inspired by the brand's iconic franchises, including Sexiest Man Alive, World's Most Beautiful and Red Carpet as well as its vertical content (PeopleStyle, PeopleRoyals, PeoplePets), and more.
"Crosswords With Friends is a daily crossword puzzle experience that's truly written for today's world," said Jeb Balise, General Manager of Crosswords With Friends at Zynga. "As a part of Zynga's portfolio of word and puzzle games, including one of the world's most popular word games, Words With Friends, Crosswords With Friends reimagines crosswords with content inspired by the hottest trends and breaking news in entertainment. WE'RE PROUD TO PARTNER WITH PEOPLE, THE PIONEER OF POP CULTURE CONVERSATIONS, TO DELIVER AN EXCITING CROSSWORDS EXPERIENCE TO FANS OF ALL AGES."

"PEOPLE'S PUZZLER HAS ALWAYS BEEN ONE OF THE BRAND'S MOST POPULAR FEATURES, SO OUR PARTNERSHIP WITH ZYNGA IS AN ORGANIC EXTENSION," SAID JESS CAGLE, EDITOR IN CHIEF, PEOPLE. "CROSSWORDS WITH FRIENDS ALLOWS US THE OPPORTUNITY TO EXPOSE OUR DIGITAL CONTENT TO NEW AUDIENCES IN NEW WAYS ON THE MOBILE PLATFORM."

WITH DAILY CONTENT DEVELOPED BY A TEAM OF 30 ACCLAIMED CROSSWORDS CONSTRUCTORS, INCLUDING TRIP PAYNE, CO-STAR OF THE CROSSWORD DOCUMENTARY WORDPLAY, AND AMY REYNALDO, AUTHOR OF HOW TO CONQUER THE NEW YORK TIMES CROSSWORD, EACH PUZZLE DELIVERS FANS UNPARALLELED GAMEPLAY. In the Crosswords With Friends iMessage app, players can experience all the fun of crosswords right where they are already chatting with their friends and family. Crosswords With Friends also seamlessly connects to Words With Friends, allowing fans to simultaneously test their vocabulary and entertainment trivia skills in two unique wordie experiences.

Crosswords With Friends is the latest addition to Zynga's portfolio of word and puzzle games, joining the iconic favorite, Words With Friends. Launched in 2009, Words With Friends has been installed more than 200 million times and is one of the App Store's Top 10 free games of all time. Millions of Words With Friends matches are played around the world at any moment, and more than 75 million words are played every day.
Crosswords With Friends is available to download for free today on the App Store and Google Play.
For more information about Crosswords With Friends, visit the game's community channels on Facebook, Twitter and Instagram.
Game logo and images can be found here: https://zynga.box.com/s/dqa6652maiqi2469xj8iu2nf9kvtoxto

Source:
www.marketwatch.com/story/zynga-and-time-incs-peopler-partner-for-the-debut-of-crosswords-with-friends-2017-05-04








ZYNGA INC (ZNGA) RECEIVES $3.55 CONSENSUS TARGET PRICE FROM ANALYSTS
POSTED BY LINDA FLEGGE ON MAY 3RD, 2017

Shares of Zynga Inc (NASDAQ:ZNGA) have earned a consensus rating of “Buy” from the thirteen brokerages that are presently covering the stock. Five equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $3.55.
Several research analysts have recently issued reports on the company. Jefferies Group LLC set a $5.00 price objective on Zynga and gave the company a “buy” rating in a research note on Saturday, February 11th. Canaccord Genuity reaffirmed a “hold” rating and issued a $3.00 price objective on shares of Zynga in a research note on Friday, February 3rd. Zacks Investment Research raised Zynga from a “hold” rating to a “buy” rating and set a $3.25 price objective for the company in a research note on Thursday, April 13th. Wedbush reaffirmed an “outperform” rating and issued a $4.25 price objective on shares of Zynga in a research note on Thursday, February 16th…


Source:

https://transcriptdaily.com/2017/05/03/zynga-inc-znga-receives-3-55-consensus-target-price-from-analysts.html







ZYNGA INC (ZNGA) RECEIVES $3.59 AVERAGE PRICE TARGET FROM BROKERAGES
MAY 3RD, 2017 - BY SCOTT MOORE

ZYNGA INC (NASDAQ:ZNGA) HAS RECEIVED A CONSENSUS RATING OF “BUY” FROM THE THIRTEEN RATINGS FIRMS THAT ARE PRESENTLY COVERING THE STOCK. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $3.55.
Several analysts have issued reports on the stock. Pacific Crest reiterated a “sector weight” rating on shares of Zynga in a research note on Wednesday, April 26th. JEFFERIES GROUP LLC REITERATED A “BUY” RATING AND ISSUED A $5.00 TARGET PRICE ON SHARES OF ZYNGA IN A RESEARCH NOTE ON TUESDAY, APRIL 18TH. Zacks Investment Research upgraded shares of Zynga from a “hold” rating to a “buy” rating and set a $3.25 target price on the stock in a research note on Thursday, April 13th. Mizuho reiterated a “buy” rating and issued a $3.20 target price (down from $3.50) on shares of Zynga in a research note on Thursday, February 16th. Finally, Wedbush reissued an “outperform” rating and issued a $4.25 price target on shares of Zynga in a report on Thursday, February 16th.


Source:

https://www.thecerbatgem.com/2017/05/03/brokerages-set-zynga-inc-znga-target-price-at-3-59-2-updated-updated.html






HOME FINANCE ZYNGA INC. (ZNGA) MAKES A COMPELLING CASE VIA ITS TECHNICAL CHART
• FINANCE
ZYNGA INC. (ZNGA) MAKES A COMPELLING CASE VIA ITS TECHNICAL CHART
BY
MACK TYLER
-
MAY 3, 2017
Zynga Inc. (ZNGA) has been having a set of eventful trading activity and it is clear from an examination of the charts that traders are now fully aware of the company’s key metrics. A DEEPER EXPLORATION OF THE SETUP IS SURE TO YIELD A CLEARER PICTURE OF WHY ZNGA IS TRENDING IN THE WAY IT IS PRESENTLY – LET’S MOVE RIGHT INTO THAT.
IT IS WORTH MENTIONING AT THE START THAT TECHNICAL CHARTS ARE A RICH SOURCE OF INFORMATION, AND WHEN USED IN THE RIGHT WAY, THE RESULTS CAN BE EXCEPTIONAL.
ZNGA’s present state of movement can best be assessed by looking at its current day’s high $2.92 and the corresponding low of $2.84. It is important to note that the current day’s high figures poorly when compared to the trailing 52-week high of $3.08 achieved by ZNGA on 12/08/16. The corresponding low also paints a picture and suggests that the low is nothing but a +28.19% since 06/27/16. From a trading perspective, this is a good sign for anyone keen on making big gains from the stock’s prevailing upside potential. Of course the current trading setup is getting a lot of attention from analysts. Most have laid bare their sentiments on the stock as you can see from the following: The target price for ZNGA is $3.32; this target is below the most recent high recorded for the stock. There’s also the current beta of 1.00. THESE DATA POINTS ARE KEY AREAS SAVVY TRADERS WILL BE MONITORING.

Many traders are now starting to take a look at the stock and they are eyeing it with a few other technical indicators in mind. TECHNICAL INDICATORS DON’T GET MORE INDICATIVE THAN THE MEASURES CALLED RELATIVE STRENGTH INDICATOR (RSI) AND STOCHASTIC. THE NUMBERS FOR ZNGA, BASED ON THESE TWO VERY POWERFUL INDICATORS, are indeed very telling. Let’s see what they say in greater detail. The current reading for ZNGA, where the 14-day RSI is concerned, is 63.56%. This means, based on the reading, that ZNGA is neutral, suggesting that the stock is relatively STABLE IN TERMS OF UPWARD OR UPWARD PRICE MOVEMENT. The stochastic reading is also gives consistent interpretations. In relation to ZNGA, there is a stochastic reading of 76.19%. This means, based on the stochastic data, that ZNGA is overbought at current levels.

ZNGA composite picture doesn’t end with either the RSI or the Stochastic, however; there are also compelling readings being presented by the stock’s 50 and 200 SMAs. ZNGA, ON ACCOUNT OF CURRENT TRENDS DISPLAYED ON ITS MOVING AVERAGES, APPEAR IN ALL WAYS AND FROM ALL ANGLE OF ANALYSIS, TO BE BULLISH. TRADERS AND INVESTORS HAVE NATURALLY SEIZED UPON THIS CURRENT POSITIONING OF THE STOCK AND GENERAL SENTIMENT APPEARS TO BE POSITIVE.

BY NOW the general technical positioning of the stock should be clear, but there are still a few other touch points that can be brought into the analysis. ZNGA’s +0.08 has now manifested a clearer vein of trading and investing sentiment. When analyzed closely, this sentiment appears to be largely positive assessed over the trailing 30 days of data. ZNGA ISN’T STANDING STILL BY ANY MEANS AND THE STOCK HAS OUTPERFORMED THE S&P 500 BY 6.34. The consequences of this performance have been stark; the stock is now trading on lower volatility levels when compared to matched against companies operating in the same sector. Historical volatility is also showing why ZNGA is on the radar of a lot of traders. This reading for historical volatility is 15.88%. ZNGA IS ALSO POINTING TO STRONG READINGS ON THE AVERAGE TRUE RANGE – A VERY IMPORTANT TECHNICAL TOUCH POINT THAT SHOULDN’T BE IGNORED. THAT ATR READING IS 2.48. ZNGA’S PROFILE AS A CURRENT TRENDING STOCK IS NOT IN DOUBT, AND THE TECHNICAL OUTLINE MADE ABOVE SPEAKS TO THE ROAD THE STOCK HAS TAKEN TO BE WHERE IT IS TODAY.


Source:

http://www.nystocknews.com/2017/05/03/zynga-inc-znga-makes-a-compelling-case-via-its-technical-chart/