Zynga Inc. (NASDAQ:ZNGA) has a beta value of 0.11 and has seen 10,294,744 shares traded in the recent trading session. The company, currently valued at $11.04 Billion, closed the recent trade at $10.09 per share which meant it lost -$0.54 on the day or -5.08% during that session. The ZNGA stock price is -22.1% off its 52-week high price of $12.32 and 35.58% above the 52-week low of $6.5. If we look at the company’s 10-day average daily trading volume, we find that it stood at 12.75 Million shares traded. The 3-month trading volume is 23.1 Million shares.
The consensus among analysts is that Zynga Inc. (ZNGA) is a Buy stock at the moment, with a recommendation rating of 1.9. 1 analysts rate the stock as a Sell, while 1 rate it as Overweight. 2 out of 21 have rated it as a Hold, with 17 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $0.09.
Zynga Inc. (NASDAQ:ZNGA) trade information
Despite being -5.08% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Wednesday, Apr 28 when the ZNGA stock price touched $11.22- or saw a rise of 9.94%. Year-to-date, Zynga Inc. shares have moved 2.38%, while the 5-day performance has seen it change -8.3%. Over the past 30 days, the shares of Zynga Inc. (NASDAQ:ZNGA) have changed -3.58%. Short interest in the company has seen 73.82 Million shares shorted with days to cover at 3.2.
Wall Street analysts have a consensus price target for the stock at $13.09, which means that the shares’ value could jump 29.73% from the levels at last check today. The projected low price target is $9 while the price target rests at a high of $15. In that case, then, we find that the latest price level in today’s session is +48.66% off the targeted high while a plunge would see the stock lose -10.8% from the levels at last check today.
Zynga Inc. (ZNGA) estimates and forecasts
Figures show that Zynga Inc. shares have outperformed across the wider relevant industry. The company’s shares have gained +13.93% over the past 6 months, with this year growth rate of 485.71%, compared to 18.9% for the industry. Other than that, the company has, however, increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 50% and -10% for the next quarter. Revenue growth from the last financial year stood is estimated to be +25.1%.
17 analysts offering their estimates for the company have set an average revenue estimate of $685.98 Million for the current quarter. 17 have an estimated revenue figure of $694.76 Million for the next quarter concluding in June 01, 2021. Year-ago sales stood $424.88 Million and $518.13 Million respectively for this quarter and the next, and analysts expect sales will grow by 61.5% for the current quarter and 34.1% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -26% over the past 5 years. Earnings growth for 2021 is a modest +14.3% while over the next 5 years, the company’s earnings are expected to increase by 12.61%.
Zynga Inc. (NASDAQ:ZNGA)’s Major holders
Insiders own 6.59% of the company shares, while shares held by institutions stand at 79.88% with a share float percentage of 85.53%. Investors are also buoyed by the number of investors in a company, with Zynga Inc. having a total of 649 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 93.42 Million shares worth more than $922.07 Million. As of December 30, 2020, Vanguard Group, Inc. (The) held 8.61% of shares outstanding.
The other major institutional holder is Artisan Partners Limited Partnership, with the holding of over 80.33 Million shares as of December 30, 2020. The firm’s total holdings are worth over $792.9 Million and represent 7.4% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. As of December 30, 2020, the former fund manager holds about 2.67% shares in the company for having 28963124 shares of worth $285.87 Million while later fund manager owns 24.3 Million shares of worth $239.83 Million as of December 30, 2020, which makes it owner of about 2.24% of company’s outstanding stock.