Zynga Inc (ZNGA)

[Trevor11]

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