The stock was sold at an average price of $2.60, for a total value of $414,996.40. The mean price target for the shares of company is at $3.17 while the highest price target suggested by the analysts is $5.00 and low price target is $2.50. Following the completion of the sale, the chief executive officer now directly owns 489,964 shares of the company’s stock, valued at approximately $1,273,906.40.
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Sell-side analyst recommendations point to a short term price target of $3.17 on the shares of Zynga, Inc.
In case of Revenue Estimates, 13 analysts have provided their consensus Average Revenue Estimates for Zynga Inc.as 187.23 Million. Jefferies Group now has a $5.00 price target on the stock.
The current price is staying above the SMA lines which signify strength and is generally healthy/positive and may provide the momentum for driving the share price higher. The company has a 50-day moving average of $2.77 and a 200 day moving average of $2.50. Retirement Systems of Alabama now owns 6,480,000 shares of the company’s stock worth $16,135,000 after buying an additional 4,250,000 shares during the last quarter. During its last trading session, Stock traded with the total exchanged volume of 12.24 million shares. Similarly, the company’s last 5 years high P/E ratio is 0 and low P/E is 0, whereas, the industry’s and sector’s high P/E for the past year is 65.04 and 28.98 respectively and low P/E ratio for the last 5 years is 23.06 for the industry and 11.65 for the Sector. However, the bulls stepped in to buy at lower levels and pushed the stock higher. 2 more analyst has given the stock a Sell recommendation. The reported earnings topped the analyst’s consensus by $0.02 with the surprise factor of 2.90%.
Wall Street brokerage firms that regularly cover the stock have provided price targets and recommendations on BOK Financial Corporation (NASDAQ:BOKF).
Glu Mobile, Inc. (GLUU) opened the session with a $2.29 price tag, later ranging from $2.26 to $2.36, the range at which the stock has traded at throughout the day. The stock finally closed in the red at $2.79, a loss of -0.72%. Following the completion of the sale, the general counsel now directly owns 52,356 shares of the company’s stock, valued at $138,219.84. The current price change puts the market capitalization at $307.21 mln. The consensus recommendation provided by analysts is now 3.30. TheStreet upgraded Zynga from a “sell” rating to a “hold” rating in a report on Wednesday, July 27th. Analysts rating the company a 3 indicate a Hold recommendation. Investors might also notice that three month ago the Buy recommendations (5) outnumbered Sell recommendations (0). Pacific Crest reiterated a hold rating on shares of Zynga in a research note on Friday, August 5th. Teachers Advisors Inc. now owns 657,110 shares of the company’s stock valued at $1,498,000 after buying an additional 31,127 shares during the period. (NASDAQ:GLUU) are -0.85%; 5.43% for the month; 1.3% for the last quarter; -24.35% for the past six-months; and -47.99% for the last 12 months. The firm has a SMA 50 (Simple Moving Average) of $54.96 and a SMA 200-(Simple Moving Average) of $61.35.
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In other Zynga news, CEO Frank D. Gibeau sold 159,614 shares of the firm’s stock in a transaction dated Thursday, June 16th.
