Zynga (ZNGA) : Analyst Rating Update

Zynga (ZNGA) : 4 brokerage houses believe that Zynga (ZNGA) is a Strong Buy at current levels. 5 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Zynga (ZNGA). Zacks Investment Research suggests a Hold with a rank of 3. 2 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock.The median of all the 11 Wall Street Analysts endorse the stock as a Buy with a rating of 2.45.

Zynga (ZNGA) : 10 Wall Street analysts covering Zynga (ZNGA) believe that the average level the stock could reach for the short term is $3.16. The maximum price target given is $5 and the minimum target for short term is around $3, hence the standard deviation is calculated at $0.83.

Zynga (NASDAQ:ZNGA): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $2.64 and $2.63 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $2.75. The buying momentum continued till the end and the stock did not give up its gains. It closed at $2.75, notching a gain of 3.77% for the day. The total traded volume was 19,213,053 . The stock had closed at $2.65 on the previous day.

The company shares have dropped -3.28% from its 1 Year high price. On Jul 17, 2015, the shares registered one year high at $2.84 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $2.56 and the 200 Day Moving Average price is recorded at $2.39.

Zynga Inc. (Zynga) is a provider of social game services. The Company develops markets and operates social games as live services played on mobile platforms, such as iOS and Android, and social networking sites, such as Facebook. The Companys games are also accessible on Zynga.com. The Company has developed online social games, such as FarmVille, Words With Friends, Zynga Poker, Hit It Rich! Slots and CSR Racing. The Company is also engaged in the sale of virtual currency that players use to buy in-game virtual goods, and mobile games. It also offers advertising services, such as Branded Virtual Goods and Sponsorships, Engagement Ads and Offers, Mobile Ads, Display Ads and Licensing of Companys brands.

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