Zynga Inc (NASDAQ:ZNGA) Institutional Investors Sentiment Index Flat in 2016 Q4

July 17, 2017 - By Henry Gaston

 Zynga Inc (NASDAQ:ZNGA) Institutional Investors Sentiment Index Flat in  2016 Q4

Sentiment for Zynga Inc (NASDAQ:ZNGA)

Zynga Inc (NASDAQ:ZNGA) institutional sentiment decreased to 0.9 in Q4 2016. Its down -0.63, from 1.53 in 2016Q3. The ratio has dropped, as 77 hedge funds increased or started new stock positions, while 86 sold and trimmed holdings in Zynga Inc. The hedge funds in our partner’s database now have: 536.62 million shares, up from 521.86 million shares in 2016Q3. Also, the number of hedge funds holding Zynga Inc in their top 10 stock positions was flat from 3 to 3 for the same number . Sold All: 25 Reduced: 61 Increased: 53 New Position: 24.

Zynga Inc. is a provider of social game services. The company has market cap of $3.16 billion. The Firm develops, markets and operates social games as live services played on mobile platforms, such as iPhone Operating System operating system and Android operating system and social networking sites, such as Facebook. It currently has negative earnings. The Firm has developed a range of social games, including games in its Slots, Words With Friends, Zynga Poker and FarmVille franchises.

The stock decreased 1.92% or $0.07 during the last trading session, reaching $3.58. About 6.33 million shares traded. Zynga Inc (NASDAQ:ZNGA) has risen 35.83% since July 17, 2016 and is uptrending. It has outperformed by 19.13% the S&P500.

Contour Asset Management Llc holds 4.51% of its portfolio in Zynga Inc for 24.73 million shares. Kpcb Dgf Associates Llc owns 1.78 million shares or 3.98% of their US portfolio. Moreover, Empire Capital Management L.L.C. has 3.38% invested in the company for 392,000 shares. The New York-based Eminence Capital Lp has invested 2.31% in the stock. Raging Capital Management Llc, a New Jersey-based fund reported 11.38 million shares.#img1#

Since January 1, 0001, it had 0 insider purchases, and 10 sales for $6.89 million activity.

Zynga Inc (NASDAQ:ZNGA) Ratings Coverage

Ratings analysis reveals 67% of Zynga’s analysts are positive. Out of 12 Wall Street analysts rating Zynga, 8 give it “Buy”, 1 “Sell” rating, while 3 recommend “Hold”. The lowest target is $2.25 while the high is $5.50. The stock’s average target of $3.21 is -10.34% below today’s ($3.58) share price. ZNGA was included in 25 notes of analysts from August 7, 2015. Cowen & Co maintained the stock with “Buy” rating in Friday, June 2 report. The firm has “Buy” rating given on Tuesday, May 30 by Canaccord Genuity. As per Friday, August 7, the company rating was maintained by Credit Suisse. The stock has “Neutral” rating by Goldman Sachs on Monday, August 10. The firm has “Hold” rating by Robert W. Baird given on Friday, August 7. On Monday, August 10 the stock rating was maintained by Bank of America with “Underperform”. The rating was upgraded by Piper Jaffray to “Buy” on Tuesday, May 30. The rating was maintained by Cowen & Co with “Buy” on Friday, June 23. The stock of Zynga Inc (NASDAQ:ZNGA) has “Neutral” rating given on Friday, May 5 by Bank of America. The company was initiated on Thursday, November 12 by Oppenheimer.

More news for Zynga Inc (NASDAQ:ZNGA) were recently published by: Bizjournals.com, which released: “Reid Hoffman and Mark Pincus have a plan to crowdsource politics” on July 05, 2017. Nasdaq.com‘s article titled: “Is Zynga (ZNGA) a Great Growth Stock?” and published on June 23, 2017 is yet another important article.

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