zynga stock price

Should you buy ZNGA stock?

In general, analysts have rated the stock Buy, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares. The overview shows that ZNGA’s price is at present 1.94% off the SMA20 and -6.43% from the SMA50.

Is Zynga a good stock to buy right now?

This is the equivalent of Take-Two paying nearly no premium had it bought the company at the start of last year. However, it's not surprising in a purchase announcement that the company making the acquisition falls in price as investors often question whether it paid too much. But Zynga is a quality growth stock to own.

Should you buy Zynga stock?

Zynga Inc. [NASDAQ: ZNGA] gained 1.55% on the last trading session, reaching $10.48 price per share at the time. The company report on May 27, 2021 that Kenneth Cole and Zynga to Bring First-of-its-Kind Pride Month Partnership to Rollic’s Hyper-Casual ...

Should you buy Zynga?

ZNGA is a buy because it increased its monthly revenue by $36 million without it incurring more debt. We no longer have any position on Zynga (ZNGA), but we are still endorsing Zynga, the serial...

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Is Zynga a Buy Sell or Hold?

Zynga has received a consensus rating of Hold. The company's average rating score is 2.35, and is based on 6 buy ratings, 11 hold ratings, and no sell ratings.

Does Znga stock pay dividends?

There are no Zynga Inc - Class A Shares dividends.

Is Zynga overvalued?

Is Zynga Overvalued? Market consensus expects Zynga's revenue and EBITDA to grow by +35% and 20% YoY to $2,667 million and $674 million, respectively in FY 2021. But the strong growth is largely factored into Zynga's share price as evidenced by the company's rich valuations.

What happens Zynga stock?

Shares of Zynga will cease trading after the market close on May 20, 2022, and following the closing, Zynga will no longer be listed on the NASDAQ exchange.

Is Zynga a good stock to buy 2021?

In fact, at the current market price of $10, ZNGA stock is trading at just 22x its 2021 EPS estimate of $0.45. We continue to believe that Zynga deserves a higher P/E multiple given the strong revenue and earnings growth delivered over the recent past, a trend expected to continue going forward, as well.

What is the future of Zynga stock?

Zynga Inc - Class A quote is equal to 8.180 USD at 2022-07-05. Based on our forecasts, a long-term increase is expected, the "ZNGA" stock price prognosis for 2027-05-19 is 13.417 USD. With a 5-year investment, the revenue is expected to be around +64.03%. Your current $100 investment may be up to $164.03 in 2027.

Is Zynga a good buy now?

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 be acquired?

Share All sharing options for: Take-Two has officially acquired Zynga. Take-Two has officially completed its $12.7 billion deal for social game developer Zynga, the two companies announced Monday.

What will Zynga shareholders get?

The terms of the merger deal mean that Zynga stockholders will be entitled at closing to $3.50 in cash and 0.0406 shares of Take-Two common stock for each share of Zynga owned.

Who's buying Zynga?

Take-Two InteractiveTake-Two Interactive has officially acquired social and mobile gaming company Zynga. The $12.7 billion acquisition, announced in January, was completed Monday. The combined company will bring a new slate of popular games to Take-Two, including Zynga's Farmville, Words with Friends and Zynga Poker.

Is Zynga a good stock to buy 2021?

In fact, at the current market price of $10, ZNGA stock is trading at just 22x its 2021 EPS estimate of $0.45. We continue to believe that Zynga deserves a higher P/E multiple given the strong revenue and earnings growth delivered over the recent past, a trend expected to continue going forward, as well.

Is Zynga a good buy now?

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.

Is ZNGA a buy Zacks?

See rankings and related performance below. The VGM Score are a complementary set of indicators to use alongside the Zacks Rank....Momentum Scorecard. More Info.Zacks RankDefinitionAnnualized Return1Strong Buy24.75%2Buy18.15%3Hold9.70%4Sell5.35%2 more rows

Is Zynga a takeover target?

January's Tech-Stock Winners Are the Takeover Targets Like Activision, Zynga | Barron's.

What is ZNGA’s average 12-month price target, according to analysts?

Based on analyst ratings, Zynga’s 12-month average price target is $8.92.

What is ZNGA’s upside potential, based on the analysts’ average price target?

Zynga has 9.05% upside potential, based on the analysts’ average price target.

Can I see which stocks the top-ranking analysts are rating?

Yes, go to the [object Object] tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.

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What games did Zynga acquire?

What is Zynga's acquisition of Echtra?

Zynga Inc. announced Wednesday morning that that it has acquired Echtra Games, which will help the company develop a role-playing game (RPG) that can be played across platforms. "This acquisition will be instrumental in growing our iconic licenses and brands from mobile to PCs and consoles, while helping to further expand Zynga's total addressable market," Zynga Chief Executive Frank Gibeau said in a release. The leadership team of Echtra Games has past experience developing games like "Diablo" and "The Sims 4," Zynga said in its release. Terms of the acquisition weren't disclosed. Zynga shares are up 1.4% in premarket trading Wednesday. The stock has gained 37% over the past three months as the S&P 500 has risen 5.6%.

How much did Zynga stock fall in 2021?

Zynga has acquired Echtra Games for an undisclosed sum, the game developer announced on March 3. Echtra Games is a game studio developing games that can be played across various platforms and whose core team members have worked on developing gaming franchises like Diablo, Diablo II, and the Torchlight. Zynga’s (ZNGA) CEO Frank Gibeau said, “This acquisition will be instrumental in growing our iconic licenses and brands from mobile to PCs and consoles, while helping to further expand Zynga’s total addressable market.” The acquisition is expected to strengthen Zynga’s gaming development tools and enable the company to create cross-platform future games. Specifically, the deal also includes Echtra’s “proprietary cross-platform development tools and technologies.” In addition, the Echtra team will develop a new, cross-platform, role-playing game (RPG) in partnership with Zynga’s NaturalMotion studio. (See Zynga stock analysis on TipRanks) Last month, ZNGA reported a 4Q loss per share of $0.05 that narrowed from a loss per share of $0.11 in the preceding quarter but compared to analysts’ estimates of earnings per share (EPS) of $0.09. The company had revenues of $616 million in 4Q, up by 52% year-on-year but below consensus estimates of $677.73 million Following the acquisition announcement, KeyBanc analyst Tyler Parker reiterated a Buy rating and a price target of $13.50 on the stock. Parker said, “Zynga’s acquisition of Echtra Games is clearly an effort to accelerate its move into cross-platform development, bringing on developers with proprietary tools built on top of the Unreal Engine.” Parker believes that “bringing on a team with a knowledge of console and PC development makes sense for Zynga.” The rest of the Street is bullish on the stock with a Strong Buy consensus rating based on 14 Buys, 1 Hold, and 1 Sell. The average analyst price target of $13.22 implies around 19% upside potential to current levels. Related News: Marvell Drops 6% After 1Q Outlook; Street Says Buy Splunk’s 4Q Results Top Wall Street Estimates; Shares Jump 5.1% Beyond Meat To Raise $979.4M From Debt Sale More recent articles from Smarter Analyst: These 2 Penny Stocks Are Well Positioned for Gains, Say Analysts Trip.com Posts Tepid 4Q Results; Shares Rise On China Recovery Apple Investigated By UK Regulator Over App Store Rules TopBuild Buys Insulation Peer Ozark Foam; Street Sees 16% Upside

Is Zynga stock a buy or sell signal?

The Zynga Inc. stock price fell by -1.40% on the last day (Friday, 9th Jul 2021) from $10.68 to $10.53. and has now fallen 4 days in a row. During the day the stock fluctuated 3.36% from a day low at $10.28 to a day high of $10.63. The price has risen in 5 of the last 10 days and is up by 0.86% over the past 2 weeks. Volume has increased on the last day by 9 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 25 million shares were bought and sold for approximately $258.94 million.