The price target for Zynga Inc. (NASDAQ:ZNGA) has been lifted from “Neutral” to “Buy” by BofA Securities. On May 6, 2021, the rating was released. The company has been upgraded to Outperform in a research report from BMO Capital Markets, with a price objective of $15. JP Morgan raised the company from Neutral to Overweight in a research report published on December 16, 2020, with a price target of $12. Wells Fargo analysts raised Zynga Inc. shares from Equal Weight to Overweight with a price objective of $12.50 in a research brief published on December 15, 2020.
The following picture is based on the most recent trade, performance, and moving averages.
Zynga Inc. (NASDAQ:ZNGA) shares rose 0.48 percent to conclude Monday’s market session at $10.37, up from the previous day’s closing. The stock price ranged between $10.17 and $10.475 throughout the trading day, with a volume of 11531187 shares traded, a substantial difference from the three-month average volume of 13.79 million shares. The stock price of the company fluctuated by -2.45 percent in the past five trades and -1.98 percent in the last 30 trades, a considerable shift from the start of the year. Despite the fact that the stock price grew 7.24 percent in the last six months and was reduced by -2.08 percent in the previous three months. Apart from the 20-Day, 50-Day, and 200-Day Simple Moving Average prices, ZNGA stock is trading at a margin of -2.17 percent, -1.29 percent, and 3.51 percent.
ZNGA is a company that deals in Communication Services as of the closure of trade. The stock is currently trading at a discount to its 52-week high of -15.83 percent and a premium to its 52-week low of 33.46 percent. Looking at the price as well as the 52-week high and low measures, for example, will offer you a better idea of the price’s direction. The Weighted Alpha of the company is 8.79. A positive weighted alpha implies that the company performed well throughout the year, whereas one below 0 suggests that the company performed poorly.
What Can We Learn From Zynga Inc.’s Profitability and Valuation Ratios?
The operating margin is currently -12.60 percent, the profit margin is -15.50 percent, and the company has recorded a gross margin of 58.90 percent in terms of profitability. The profit margin, also known as the revenue ratio or gross profit ratio, is a productivity measure that is used to estimate a company’s profitability by comparing net income and sales. The greater the number, the more profit the business makes, and vice versa.
As of the most recent trading session, the stock’s market capitalization totaled $11.25 billion. The entire value of all outstanding shares of a corporation is called market capitalization, and it is used to calculate a company’s market value. The price-to-earnings ratio is a means of determining a company’s value by comparing it to its profit per share. The forward P/E is at 22.16. The forward price-to-earnings ratio is derived using forecasted earnings for the following financial year’s P/E calculation. The stock has reached an effective Price-to-Sales Ratio of 5.00, which reflects the market’s cost of sales. The company had a Price-to-Book ratio of 3.83, which compares a stock’s market value to its book value.
Is there such a thing as insider trading?
Almost all investors and traders prefer to invest in shares managed by a corporation’s management since a management company is more likely to operate the business itself, never go against the management’s wishes, and always endeavour to do what is best for its shareholders. Insiders hold 0.50 percent of Zynga Inc. shares, while financial institutions own the other 82.40 percent. On July 19, Griffin James Gerard, the Chief Financial Officer of Zynga Inc. (ZNGA), sold 52,637 shares of the company for a total of $0.55 million at a price of $10.36. On July 19, Ryan Jeffrey Miles, Chief People Officer of Zynga Inc. (NASDAQ:ZNGA), sold 1,715 shares of the company for a total value of $17767.0 at a price of $10.36 in another inside move. On July 19, Chief Legal Officer of Zynga Inc. Phillips Phuong Y. sold 13,366 shares of the company for a total of $0.14 million at a price of $10.28 per share in an inside trade.