Zynga has received a consensus rating of Hold. The company’s average rating score is 2.39, and is based on 7 buy ratings, 11 hold ratings, and no sell ratings.
Similarly, What is the target price for Zynga?
The 15 analysts offering 12-month price forecasts for Zynga Inc have a median target of 10.00, with a high estimate of 11.00 and a low estimate of 8.20. The median estimate represents a +11.98% increase from the last price of 8.93.
Is Zynga a good buy Zacks? – Hold. Zacks’ proprietary data indicates that Zynga Inc. is currently rated as a Zacks Rank 3 and we are expecting an inline return from the ZNGA shares relative to the market in the next few months.
Thereof, Is Zynga overvalued?
Is Zynga Overvalued? Market consensus expects Zynga’s revenue and EBITDA to grow by +35% and 20% YoY to $2,667 million and $674 million, respectively in FY 2021. But the strong growth is largely factored into Zynga’s share price as evidenced by the company’s rich valuations.
Who is buying Zynga?
In a tie-up of two massive but very different makers of video games, Take-Two Interactive TTWO -0.8% agreed today to buy Zynga ZNGA +0.1% in a cash-and-stock takeover worth $12.7 billion. It’s the biggest acquisition of all time in the video game space.
Will Zynga be acquired?
Zynga stock soared Monday after Take-Two Interactive announced it would acquire the mobile game developer in a cash-and-stock deal with an enterprise value of $12.7 billion.
Does Microsoft own Zynga?
Yes, even bigger than Microsoft’s buyout of Bethesda. Announced in a press release, the two companies have agreed that Take-Two will acquire all of Zynga’s shares and take ownership of the company. The value of the move is approximately $12.7 billion.
What happens to Zynga stock after merger?
Zynga shares shot up 45% following news of its Take-Two Interactive combination in a deal valuing the company at $12.7 billion. Zynga (NASDAQ: ZNGA) will combine as one with Take-Two Interactive (NASDAQ: TTWO) following a $12.7 billion bid — or a 67% premium on Zynga’s previous valuation — for the mobile games company.
What will happen to Zynga shareholders?
Zynga shareholders will receive $3.50 in cash and $6.36 in shares of Take-Two common stock for each share of Zynga common stock that they currently hold. The acquisition is still subject to shareholder approval at both companies but is expected to be completed by June 30, 2022.
What will Zynga shareholders get?
Zynga shareholders will receive $3.50 in cash and $6.36 in shares of Take-Two common stock for each share of Zynga outstanding stock at closing. The transaction is valued at $9.86 per share of Zynga common stock.
Is Zynga a good company?
Is Zynga a good company to work for? Zynga has an overall rating of 4.4 out of 5, based on over 1,136 reviews left anonymously by employees. 92% of employees would recommend working at Zynga to a friend and 82% have a positive outlook for the business.
Is Zynga a Chinese company?
Zynga Inc. San Francisco, California, U.S. Zynga Inc. /ˈzɪŋɡə/ is an American developer running social video game services. It was founded in April 2007, with headquarters in San Francisco.
How does Zynga make money?
Zynga generates its revenues primarily from two sources ~ Online Games, and Advertising. Online Games refers to sales of all of Zynga’s games, and accounts for over 70% of total revenues. Key franchises ~ Poker, FarmVille, CSR.
Will Zynga stock become Take-Two stock?
Zynga is on track to be acquired by Take-Two Interactive Software. Take-Two Interactive Software ‘s deal for mobile games firm Zynga was announced nearly two months ago.
Why is Zynga stock going up today?
Zynga ( ZNGA 0.22% ) stock is soaring today following news that the company is set to be acquired by Take-Two Interactive ( TTWO -1.49% ) in a $12.7 billion cash-and-stock deal. The mobile-focused video game publisher’s share price was up roughly 45% as of noon ET.
How does Zynga make money?
But how does Zynga make money, exactly? Two ways: From the sale of so-called virtual goods, which are used as currency within Zynga’s online games and are items that help the player in the game, and. From advertising, both in and around its games.
How much did Zynga sell for?
But one thing he never did was dump the majority of his stock. Following Take-Two Interactive’s announced acquisition of Zynga on Monday for $12.7 billion, Pincus is inline to be the biggest individual beneficiary, thanks to his continued ownership of about 5% of his company’s outstanding shares.
Is Zynga publicly traded?
Zynga went public in December 2011 at $10 a share, and spent a few months after the initial public offering trading higher than that price. But Zynga shares were pummeled in 2012, as gamers departed Facebook FB, -2.41% , where “Farmville,” “Zynga Poker” and other early Zynga games found their fans, and moved to mobile.
Does Facebook own Zynga?
We knew that Zynga had to share virtual goods revenue and spend advertising on Facebook, but this goes beyond a tax. This is control. Facebook decides what games Zynga can launch, and when, and how successful these games will be.
Is Zynga a Fortune 500 company?
Zynga | 2021 Fortune 500 | Fortune.
What is the highest level in Zynga Poker?
We’ve recently increased the maximum number of levels that can be achieved in Zynga Poker. The maximum level is now 999 in web and mobile app versions.
Where is Zynga located?
Location California, San Francisco, United States, Industry Gaming, Zynga, the gaming company known for such hits as FarmVille, CityVille, and Words with Friends, is headquartered in a massive 556,000 square foot space on the edge of SoMA in San Francisco, California which was designed by NicholsBooth Architects.
What is Zynga famous for?
The company primarily focuses on mobile and social networking platforms. Zynga states its mission as « connecting the world through games ». Zynga launched its best-known game, FarmVille, on Facebook in June 2009, reaching ten million daily active users (DAU) within six weeks.
How much did FarmVille sell for?
Take-Two said it will acquire Zynga for $9.86 a share, a 64% premium to Zynga’s closing price Friday. Shares of Zynga skyrocketed, while Take-Two slumped.
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