Zynga Inc. [NASDAQ: ZNGA] plunged by -$0.47 during the normal trading session on Monday and reaching a high of $8.76 during the day while it closed the day at $8.33. The company report on September 8, 2021 that E-Sports & Digital Entertainment Leaders: CEOs of Zynga, ESE Entertainment, Corsair Gaming, and Electronic Arts Driving Explosive Revenue Growth.
Wall Street Reporter, the trusted name in financial news since 1843, has published reports on the latest comments and insights from leaders at: Corsair Gaming (NASDAQ: CRSR), ESE Entertainment (TSX.V: ESE) (OTC: ENTEF), Electronic Arts (NASDAQ: EA) and Zynga (NASDAQ: ZNGA).
Corsair Gaming (NASDAQ: CRSR) Andrew Paul, CEO: “Gaming Gear is Booming”“..Gamers continue to purchase and upgrade their gear, even as entertainment outside of the home and travel opens back up..We are now at a $2 billion run rate compared to our 2019 revenue of $1.1 billion, which speaks to the strong momentum in our business. We therefore are continuing to expand our resources and invest heavily in R&D, marketing and infrastructure. We’ve launched over 75 new products so far this year, which is just an astounding pace of innovation… “.
Zynga Inc. stock has also loss -5.34% of its value over the past 7 days. However, ZNGA stock has declined by -21.78% in the 3 months of the year. Over the past six months meanwhile, it has lost -18.97% and lost -15.60% year-on date.
The market cap for ZNGA stock reached $8.56 billion, with 1.09 billion shares outstanding and 1.02 billion shares in the current float. Compared to the average trading volume of 19.80M shares, ZNGA reached a trading volume of 26190778 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Zynga Inc. [ZNGA]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ZNGA shares is $11.87 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ZNGA stock is a recommendation set at 1.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
UBS have made an estimate for Zynga Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on August 06, 2021. While these analysts kept the previous recommendation, The Benchmark Company dropped their target price from $12 to $10. The new note on the price target was released on August 06, 2021, representing the official price target for Zynga Inc. stock. Previously, the target price had yet another drop from $14 to $12.75, while Morgan Stanley kept a Overweight rating on ZNGA stock. On August 06, 2021, analysts decreased their price target for ZNGA shares from 13 to 11.
The Average True Range (ATR) for Zynga Inc. is set at 0.35, with the Price to Sales ratio for ZNGA stock in the period of the last 12 months amounting to 3.40. The Price to Book ratio for the last quarter was 3.01, with the Price to Cash per share for the same quarter was set at 1.46. Price to Free Cash Flow for ZNGA in the course of the last twelve months was 28.07 with Quick ratio for the last quarter at 1.30.
ZNGA stock trade performance evaluation
Zynga Inc. [ZNGA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.34. With this latest performance, ZNGA shares gained by 1.59% in over the last four-week period, additionally sinking by -18.97% over the last 6 months – not to mention a drop of -0.24% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ZNGA stock in for the last two-week period is set at 39.73, with the RSI for the last a single of trading hit 39.50, and the three-weeks RSI is set at 39.62 for Zynga Inc. [ZNGA]. The present Moving Average for the last 50 days of trading for this stock 9.40, while it was recorded at 8.52 for the last single week of trading, and 10.05 for the last 200 days.
Zynga Inc. [ZNGA]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Zynga Inc. [ZNGA] shares currently have an operating margin of -0.50 and a Gross Margin at +58.89. Zynga Inc.’s Net Margin is presently recorded at -21.74.
Return on Total Capital for ZNGA is now -0.28, given the latest momentum, and Return on Invested Capital for the company is -12.22. Return on Equity for this stock declined to -17.47, with Return on Assets sitting at -8.70. When it comes to the capital structure of this company, Zynga Inc. [ZNGA] has a Total Debt to Total Equity ratio set at 48.63. Additionally, ZNGA Total Debt to Total Capital is recorded at 32.72, with Total Debt to Total Assets ending up at 23.05. Long-Term Debt to Equity for the company is recorded at 48.00, with the Long-Term Debt to Total Capital now at 32.29.
Reflecting on the efficiency of the workforce at the company, Zynga Inc. [ZNGA] managed to generate an average of -$191,269 per employee. Receivables Turnover for the company is 11.05 with a Total Asset Turnover recorded at a value of 0.40.Zynga Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.30 and a Current Ratio set at 1.30.
Earnings per share (EPS) analysis for Zynga Inc. [ZNGA] stock
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ZNGA. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Zynga Inc. go to 9.23%.
Zynga Inc. [ZNGA]: Insider Ownership positions
There are presently around $7,581 million, or 84.30% of ZNGA stock, in the hands of institutional investors. The top three institutional holders of ZNGA stocks are: VANGUARD GROUP INC with ownership of 93,624,074, which is approximately 1.205% of the company’s market cap and around 0.50% of the total institutional ownership; ARTISAN PARTNERS LIMITED PARTNERSHIP, holding 81,119,184 shares of the stock with an approximate value of $675.72 million in ZNGA stocks shares; and PRICE T ROWE ASSOCIATES INC /MD/, currently with $627.88 million in ZNGA stock with ownership of nearly 3.155% of the company’s market capitalization.
Positions in Zynga Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 259 institutional holders increased their position in Zynga Inc. [NASDAQ:ZNGA] by around 95,483,452 shares. Additionally, 207 investors decreased positions by around 69,591,864 shares, while 97 investors held positions by with 744,999,127 shares. The mentioned changes placed institutional holdings at 910,074,443 shares, according to the latest SEC report filing. ZNGA stock had 70 new institutional investments in for a total of 20,060,018 shares, while 64 institutional investors sold positions of 12,895,257 shares during the same period.