Zynga Inc. (NASDAQ:ZNGA) Share Price Rebounds 38.04% From The Lows – But Can It Keep Going? – Marketing Sentinel
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Zynga Inc. (NASDAQ:ZNGA) Share Price Rebounds 38.04% From The Lows – But Can It Keep Going?

In recent trading session, Zynga Inc. (NASDAQ:ZNGA) saw 7.93 million shares changing hands at last check today with its beta currently measuring 0.15. Company’s recent per share price level of $8.99 trading at -$0.07 or -0.72% at last check today assigns it a market valuation of $10.30B. That most recent trading price of ZNGA’s stock is at a discount of -37.04% from its 52-week high price of $12.32 and is indicating a premium of 38.04% from its 52-week low price of $5.57. Taking a look at company’s average trading volume of 29.77 million if we extend that period to 3-months.

For Zynga Inc. (ZNGA), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 1.80. Splitting up the data highlights that, out of 19 analysts covering the stock, 0 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 6 suggested the stock as a Hold whereas 12 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.09 in the current quarter.

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Zynga Inc. (NASDAQ:ZNGA) trade information

Upright in the red during last session for losing -0.72%, in the last five days ZNGA remained trading in the green while hitting it’s week-highest on Wednesday, 01/12/22 when the stock touched $8.99 price level, adding 2.28% to its value on the day. Zynga Inc.’s shares saw a change of 41.56% in year-to-date performance and have moved 48.77% in past 5-day. Zynga Inc. (NASDAQ:ZNGA) showed a performance of 46.60% in past 30-days.

Wall Street analysts have assigned a consensus price target of $10.72 to the stock, which implies a rise of 16.14% to its recent value today. Analysts have been projecting $8.20 as a low price target for the stock while placing it at a high target of $15.60. It follows that stock’s current price would drop -73.53% in reaching the projected high whereas dropping to the targeted low would mean a gain of 8.79% for stock’s current value.

Zynga Inc. (ZNGA) estimates and forecasts

Statistics highlight that Zynga Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -12.21% of value to its shares in past 6 months, showing an annual growth rate of 471.43% while that of industry is 14.90. Apart from that, the company came raising its revenue forecast for fiscal year 2022. This year revenue growth is estimated to rise 24.20% from the last financial year’s standing.

17 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $719.42 million for the same. And 11 analysts are in estimates of company making revenue of $750.08 million in the next quarter that will end on Mar 2022. Company posted $698.9 million and $685.98 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 2.90% while estimating it to be 9.30% for the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -26.00% during past 5 years. In 2022, company’s earnings growth rate is likely to be around -2.90% while estimates for its earnings growth in next 5 years are of 6.69%.

ZNGA Dividends

Zynga Inc. is more likely to be releasing its next quarterly report between February 08 and February 14 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Zynga Inc. (NASDAQ:ZNGA)’s Major holders

Insiders are in possession of 6.27% of company’s total shares while institution are holding 81.39 percent of that, with stock having share float percentage of 86.84%. Investors also watch the number of corporate investors in a company very closely, which is 81.39% institutions for Zynga Inc. that are currently holding shares of the company. Vanguard Group, Inc. (The) is the top institutional holder at ZNGA for having 94.2 million shares of worth $709.3 million. And as of Sep 29, 2021, it was holding 8.41% of the company’s outstanding shares.

The second largest institutional holder is Artisan Partners Limited Partnership, which was holding about 78.25 million shares on Sep 29, 2021. The number of shares represents firm’s hold over 6.99% of outstanding shares, having a total worth of $589.19 million.

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On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund are the top two Mutual Funds which own company’s shares. As of Sep 29, 2021, the former fund manager was holding 29.35 million shares of worth $220.99 million or 2.62% of the total outstanding shares. The later fund manager was in possession of 25.87 million shares on Sep 29, 2021, making its stake of worth around $194.81 million in the company or a holder of 2.31% of company’s stock.

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