Needham & Company Upgrades Zynga (ZNGA) to Buy
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Jefferies Upgrades Zynga (ZNGA) to Buy; Favorable Risk/Reward
November 11, 2014 6:43 AM ESTJefferies US Interactive Entertainment Team upgraded Zynga (NASDAQ: ZNGA) from Hold to Buy with a price target of $4.50.
The team said, "We upgrade to Buy as Zynga's fast-growing mobile business now looks large enough to move the needle, offsetting the headwinds around its... More
Zynga (ZNGA) PT Lowered to $2.45 at Benchmark
November 10, 2014 7:55 AM ESTBenchmark analyst Mike Hickey reiterated a Hold rating and lowered his price target on Zynga (NASDAQ: ZNGA) to $2.45 (from $2.54) following Q2 results.
Hickey commented, "We view the Companys return profile as neutral; benefiting from a meaningful valuation contraction (up 10.5% from 52 week... More
Credit Suisse Comments on Zynga's (ZNGA) Q3
November 7, 2014 11:13 AM ESTCredit Suisse maintained an Underperform rating on Zynga (NASDAQ: ZNGA) with a modified price target of $3.42 (from $3.44). Comments follow Q3 results.
Analyst Stephen Ju said, "Zynga delivered an in-line quarter on the top and bottom line. Online game bookings were short of our... More
Zynga (ZNGA) Remains a 'Show Me' Story, Sterne Agee Says
November 7, 2014 9:15 AM ESTSterne Agee analyst Arvind Bhatia reiterated a Neutral rating Zynga (NASDAQ: ZNGA) following Q3 results.
Bhatia commented, "Zyngas transition from a web-centric gaming company to a mobile-focused company continues; mobile bookings represented 55% of the mix (up from 50% last quarter) and saw a... More
UPDATE: Zynga (ZNGA) Reports In-Line Q3 EPS, Offers Guidance
November 6, 2014 4:07 PM EST(Updated - November 6, 2014 4:09 PM EST)
Zynga (NASDAQ: ZNGA) reported Q3 EPS of ($0.01), in-line with the analyst estimate of ($0.01). Revenue for the quarter came in at $176.6 million versus the consensus estimate of $171.7 million.
Average daily bookings per average DAU (ABPU) increased from $0.055 in the third quarter of 2013 to $0.073 in the third quarter of 2014, up 34% year-over-year. On a consecutive quarter basis, ABPU was up 8% from $0.067 in the second quarter of 2014.Monthly Unique Payers (MUPs) in the third... More