Zynga Rating Increased to Outperform at Robert W. Baird (ZNGA)
Zynga (NASDAQ: ZNGA) was upgraded by analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Thursday. The firm currently has a $13.00 price target on the stock.
A number of other firms have also recently commented on ZNGA. Analysts at Citigroup (NYSE: C) initiated coverage on shares of Zynga in a research note to investors on Wednesday, May 9th. They set a “buy” rating and a $12.00 price target on the stock. Separately, analysts at Needham & Company downgraded shares of Zynga from a “hold” rating to an “underperform” rating in a research note to investors on Friday, April 27th. Finally, analysts at Canaccord Genuity cut their price target on shares of Zynga from $15.00 to $13.00 in a research note to investors on Friday, April 27th. They now have a “hold” rating on the stock.
Shares of Zynga traded down 4.27% during mid-day trading on Thursday, hitting $5.9925. Zynga has a 52 week low of $5.81 and a 52 week high of $15.91. The company’s market cap is $4.411 billion.
Zynga last announced its earnings results on Thursday, April 26th. The company reported $0.06 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.05 by $0.01. The company’s quarterly revenue was up 32.1% on a year-over-year basis. On average, analysts predict that Zynga will post $0.07 earnings per share next quarter.
Zynga Inc. (Zynga), is a provider of social game services with 240 million average monthly active users over 175 countries.