Zacks Investment Research downgraded Zynga Inc (NASDAQ:ZNGA) to Hold in a report released today.
- Updated: November 30, 2016
Zacks Investment Research has downgraded Zynga Inc (NASDAQ:ZNGA) to Hold in a report released on Wednesday November 30, 2016.
Previously on 2/22/2016, Goldman Sachs reported on Zynga Inc (NASDAQ:ZNGA) held steady the target price at $2.00. At the time, this indicated a possible upside of 0.02%.
Just yesterday Zynga Inc (NASDAQ:ZNGA) traded 0.17% higher at $2.87. Zynga Inc’s 50-day moving average is $2.84 and its 200-day moving average is $2.75. The last closing price is up 4.60% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.03% over the same time period. 1,431,558 shares of ZNGA traded hands, down from an average trading volume of 12,442,800
Recent Performance Chart
Zynga Inc has 52 week low of $1.78 and a 52 week high of $3.04 and has a market capitalization of $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 15 brokers have issued a research note on the company. The average stock price target is $3.02 with 2 brokers rating the stock a strong buy, 2 brokers rating the stock a buy, 11 brokers rating the stock a hold, 3 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
Brief Synopsis On Zynga Inc (NASDAQ:ZNGA)
Zynga Inc. is a provider of social game services. The Company develops, markets and operates social games as live services played on mobile platforms, such as iPhone Operating System (iOS) and Android and social networking sites, such as Facebook. The Company operates through developing and monetizing social games segment. It has developed various social games, including games in its Slots, Words With Friends, Zynga Poker and FarmVille franchises. The Company also launched various games on mobile and Web, including Words on Tour and FarmVille: Harvest Swap in the Casual category; Black Diamond Casino and Princess Bride Slots in the Social Casino category; Empires & Allies in the Action Strategy category, and Mountain Goat Mountain. It invests in various game categories, including Social Casino, Casual, Action Strategy and Invest Express. It analyzes the data generated by its players' game play and social interactions to guide the creation of content and features.
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