Analysts generally believe Zynga is underweight and its stock price target is estimated at a $12.00 value. Its price-to-sales ratio is over 33% lower than it was a year ago, but it’s operating cash flow of $161 million last quarter is an 11 percent year-over-year increase.
Similarly, How do I buy Zynga stock?
How to buy shares in Zynga
- Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
- Open your brokerage account. Complete an application with your details.
- Confirm your payment details. Fund your account.
- Research the stock. …
- Purchase now or later. …
- Check in on your investment.
Is Zynga stock a buy or sell? The last rating was given by UBS on Mar 15, 2022. The price target was changed from 8.85 to 0.11. Over the last 30 days, this security got 0 buy, 1 sell, and 0 hold ratings.
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Predicted Opening Price for Zynga Inc. of Monday, April 18, 2022.
| Fair opening price April 18, 2022 | Current price |
|---|---|
| $8.96 | $8.94 (Undervalued) |
Thereof, Will Zynga shares go up?
Stock Price Forecast
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 +10.93% increase from the last price of 9.02.
Is Zynga a good stock to buy 2020?
The stock is a better value
The stock’s price-to-sales ratio has dropped from 6 in 2020 to 3.9 at current price levels. That’s a huge discount to top gaming stocks that trade between 5.7 to 7.3 times sales. At this level, Zynga offers a combination of value and growth, which makes it a great buy, in my opinion.
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.
Is Zynga stock 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.
Why is Zynga a strong buy?
Key Points. Despite headwinds in the ad business, Zynga reported strong earnings results in the third quarter. Advertising bookings nearly doubled year over year. Zynga is building momentum in advertising ahead of several new releases in the pipeline.
Is Zynga a profitable company?
The San Francisco-based Zynga’s revenue was $705 million, up 40% year-over-year; and bookings of $668 million, up 6% year-over-year. In after-hours trading, Zynga’s stock price is up 6% to $7.41 a share.
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.
Did Microsoft buy Zynga?
Take-Two kicked things off with its deal to buy Zynga for $12.7 billion, which at the time may have counted as the biggest deal in the video game industry, but Microsoft significantly one-upped that just a week later with its $68.7 billion deal to buy Activision Blizzard.
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 happens to Zynga stock after merger?
Under the terms of the deal, Zynga stockholders will receive $3.50 in cash and $6.36 in stock when the transaction closes, for a total of $9.86 per Zynga share.
Does Zynga give dividends?
ZYNGA (NASDAQ: ZNGA) does not pay a dividend.
Why is Zynga stock going up?
What happened. Zynga ( ZNGA -0.55% ) stock is soaring today following news that the company is set to be acquired by Take-Two Interactive ( TTWO -0.55% ) 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.
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.
Why is Zynga not profitable?
The second-quarter profit was a surprise at mobile-videogame company Zynga, but shares are falling because fewer people are playing. Zynga stock was plunging after the company signaled that people were spending less time playing mobile games as the economies in the U.S. and elsewhere begin to reopen.
Is Zynga losing money?
In the three-month period ending December 31, 2021, Zynga earned $695 million in revenue, a 12 percent rise in revenue over the same quarter in 2020. Losses also increased from $53 million to $67 million. But even with increased losses in the holiday quarter, Zynga still earned much more money in all of 2021.
Is Zynga undervalued?
What is Zynga worth? According to our discounted cash flow (DCF) model, the company is undervalued at the moment. Compared to the current share price of US$8, the company appears relatively undervalued at a 43% discount .
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.
Is Zynga owned by Activision?
Well, Take-Two wanted to join the party, and like Activision Blizzard buying King before it, Take-Two has now bought Zynga, a big force in the mobile games sector, even if it’s not exactly leading public conversation about the medium like it was in the height of Farmville mania.
Is Zynga still in business?
Zynga began trading on NASDAQ on December 16, 2011, under the ticker ZNGA. Take-Two Interactive announced in January 2022 its intent to buy Zynga for $12.7 billion.
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Zynga.
| Type of site | Public |
|---|---|
| Operating income | US$ -370.2 million (2020) |
| Net income | US$ -429.4 million (2020) |
| Total assets | US$ 6.21 billion (2020) |
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.
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.
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.
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