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Zynga Inc (NASDAQ:ZNGA) & Banco Santander, S.A

17 May 2017

Zynga Inc (NASDAQ:ZNGA) has grabbed the attention from analysts, when it saw a value decrease of -2.35% or -0.08 points in the last trading session. The share price of the stock surged 56.14% for the year. Price Target plays a critical role when it comes to the analysis of a Stock. Zacks Investment Research raised Zynga from a hold rating to a buy rating and set a $3.75 price objective on the stock in a research note on Wednesday, May 10th. Bluemountain Limited Liability owns 0% invested in Zynga Inc (NASDAQ:ZNGA) for 98,728 shares. Finally, Wedbush reaffirmed an "outperform" rating and set a $4.25 price target on shares of Zynga in a research report on Thursday, February 16th. The company was able to keep return on investment at 1.70% in the last twelve months.

According to the Recommendation Trends of the stock polled by Zacks Investment Research for this month, the company has a consensus recommendation of 2.27 out of the scale from 1 to 5 where 1 stands for Strong Buy and 5 means Strong Sell. The stock has an average rating of "Buy" and a consensus price target of $3.62.

The share price of the company (NASDAQ:ZNGA) was down -2.35%, with a high of 3.40 during the day and the volume of Zynga Inc. shares traded was 8879214. Zynga has a one year low of $2.27 and a one year high of $3.40. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a certain period of time. The stock's market cap is $2.92 billion. Current year EPS projections for Zynga Inc (NASDAQ:ZNGA) set at $0.09 according to the sentiments of 13 analysts, while its lowest earnings estimates are $0.06 and highest earnings estimates are $0.13. The hedge fund run by Curtis Macnguyen held 11.65 million shares of the edp services company at the end of 2017Q1, valued at $33.22M, up from 4.40 million at the end of the previous reported quarter.

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The stock diminished about -30.06% in the past 5 years, this negative value indicates that the stock constantly going down in previous years as well. The business had revenue of $194.30 million during the quarter, compared to analysts' expectations of $188.14 million. Quarterly performance of the company shows optimistic momentum of 28.90% while its last one month trend is positive with 22.38%. On average, equities analysts predict that Zynga will post $0.09 EPS for the current year.

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In other Zynga news, General Counsel Devang Shah sold 19,210 shares of the company's stock in a transaction dated Monday, April 17th. 4,779 shares valued at $1.77 million were sold by Smith Stephen M on Friday, February 17. Following the completion of the sale, the director now directly owns 157,973 shares in the company, valued at approximately $448,643.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ellen F. Siminoff sold 12,000 shares of the company's stock in a transaction on Monday, May 1st. (ZNGA) has the trading volume of 20.36 Million shares with the average trading volume of 16650 shares. Amalgamated Bank now owns 104,174 shares of the company's stock valued at $297,000 after buying an additional 3,346 shares in the last quarter. The disclosure for this sale can be found here. STROHMEYER KARL had sold 2,566 shares worth $951,278. Investors measure stock performance on the basis of a company's earnings power.

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Several hedge funds have recently modified their holdings of ZNGA. Princeton Portfolio Strategies Group LLC increased its position in shares of Zynga by 43.6% in the first quarter. Finally, Highline Capital Management L.P. purchased a new stake in shares of Zynga during the third quarter valued at $34,687,000. Dimensional Fund Advisors LP now owns 48,609,994 shares of the company's stock valued at $124,929,000 after buying an additional 7,879,132 shares during the period. Shares of Yahoo! Inc. BlackRock Inc. now owns 35,936,741 shares of the company's stock valued at $102,420,000 after buying an additional 35,240,491 shares during the period.

Zynga Inc.is a provider of social game services.

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