Is Zynga’s stock too expensive?
Jan 10, 2022 · Zynga ( ZNGA -0.56% ) stock is soaring today following news that the company is set to be acquired by Take-Two Interactive ( TTWO -1.64% ) …
How will Zynga’s $550 million deferred revenues impact its earnings?
Jan 10, 2022 · Zynga Inc ZNGA is trading higher Monday after the company announced it will be acquired by Take-Two Interactive Software Inc TTWO in a cash and stock transaction valued at $9.86 per Zynga share ...
What is going on with Zynga's gaming business?
Jul 11, 2014 · Why Zynga (ZNGA) Stock Is Up Today Zynga (ZNGA) rose Thursday after the social gaming company announced Regina Dugan would join its board of directors, which helped the company regain NASDAQ...
Will Zynga stock go up?
Stock Price Forecast The 14 analysts offering 12-month price forecasts for Zynga Inc have a median target of 10.00, with a high estimate of 11.00 and a low estimate of 9.00. The median estimate represents a +11.79% increase from the last price of 8.95.
Is Zynga a good stock to hold?
Analysts generally believe Zynga is underweight and its stock price target is estimated at a $12.00 value. Its price-to-sales ratio is over 33% lower than it was a year ago, but it's operating cash flow of $161 million last quarter is an 11 percent year-over-year increase.
Will Zynga stock become take-two stock?
The deal for Zynga ZNGA, -0.45% will include a mix of cash and stock, Take-Two TTWO, -0.44% said in a Monday morning press release. The company intends to pay $3.50 in cash and $6.36 in Take-Two shares for each share of Zynga.Jan 10, 2022
Is Zynga undervalued?
Furthermore, our forecast indicates that Zynga's valuation is $14 per share, which is 40% above the current market price of around $10, implying that ZNGA stock is undervalued at its current levels.
What company buys Zynga?
Take-Two InteractiveTake-Two Interactive says it is buying mobile gaming company Zynga for $12.7 billion with a mix of cash and stock, marking the latest blockbuster acquisition in a string of major deals in the video game industry.Jan 10, 2022
Is Zynga a buy or sell?
Zynga has received a consensus rating of Hold. The company's average rating score is 2.39, and is based on 7 buy ratings, 11 hold ratings, and no sell ratings.
What happens to Zynga stock after merger?
Under the terms of the deal, Zynga stockholders will receive $3.50 in cash and $6.36 in stock when the transaction closes, for a total of $9.86 per Zynga share.Jan 10, 2022
What will happen to Zynga shareholders?
Zynga shareholders will receive $3.50 in cash and $6.36 in shares of Take-Two common stock for each share of Zynga common stock that they currently hold. The acquisition is still subject to shareholder approval at both companies but is expected to be completed by June 30, 2022.Jan 10, 2022
What happened
NASDAQ: ZNGA
Shares of Zynga ( ZNGA -0.45% ) climbed 21.4% in May, according to data from S&P Global Market Intelligence . The stock climbed ahead of the company's first-quarter release on May 6, then dipped after results were published. However, shares went on to close out the month with big gains.
So what
Zynga's first-quarter sales and earnings topped the market's expectations, but the company's earnings report also arrived with declining user-engagement figures that seem to have briefly weakened bullish sentiment on the stock.
Now what
Zynga's share price largely climbed in conjunction with market momentum during the month, but it saw a pronounced uptrend begin on May 28, one that spurred double-digit gains.
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Zynga stock has continued to climb in June after the company disclosed its acquisition of Turkish video game developer Peak in a $1.8 billion deal. Peak is responsible for games including Toon Blast and Toy Blast, and Zynga anticipates that the integration of the new studio's titles will increase its daily average user (DAU) base by more than 60%.
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How much will Zynga's margins be in 2023?
SoMa is known for having one of the highest concentrations of technology companies and startups of any region worldwide. (Photo by Smith Collection/Gado/Getty Images) Zynga (NASDAQ: ZNGA), a fast growing gaming company with a market capitalization of $10 billion, has seen its stock rise by 50% this year.
Which gaming companies have benefited from the current crisis?
However, it’s probably reasonable to assume that as Zynga’s business gains scale, it can boost margins to about 25% in 2023. Considering our revenue projections of roughly $3.6 billion and 25% margins, $900 million in adjusted earnings is likely possible by 2023.
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Also, gaming companies, such as Zynga, have benefited in the current crisis, as the demand for gaming has gained traction, given that more people are confined to their homes, eschewing more public forms of entertainment.
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Shares of Zynga Inc. ZNGA, -0.81% are up 2.5% in Tuesday morning trading after Wells Fargo analyst Brian Fitzgerald upgraded the stock to overweight from equal weight.
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The order is expected to come in the next few weeks, a person familiar with the plan tells Barron's.
Where is Zynga's headquarters?
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What is Zynga's social game?
What is the appropriate P/E multiple for Zynga?
Zynga is engaged primarily in developing social games, such as Zynga Poker, CSR, Words With Friends, and Merge Dragons, that use a variety of social platforms to enable gaming interaction, and features the ability to have multiple players engaged at any point in time if needed.
