Barring the pressure on advertising, we expect Zynga to navigate well based on these trends over the latest quarter. Furthermore, our forecast indicates that Zynga’s valuation is $14 per share, which is 40% above the current market price of around $10, implying that ZNGA stock is undervalued at its current levels.
Similarly, 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.
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.
Thereof, 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.
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.
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.
What company buys Zynga?
Take-Two Interactive just made the biggest acquisition in the history of the video game industry, agreeing on Monday to buy arguably the most well-known name in social gaming, Zynga, for $12.7 billion.
Who owns Zynga?
Take-Two Interactive, the game publisher behind Grand Theft Auto and 2K Sports, has agreed to acquire Zynga for a mix of cash and stock in a deal worth $12.7 billion, the two companies announced Monday. The number represents the highest ever acquisition deal between gaming companies.
Is Zynga still popular?
In 2017, its most successful games were Zynga Poker and Words with Friends 2, with about 57 million games being played at any given moment ; and CSR Racing 2, the most popular racing game on mobile devices.
…
Zynga.
| Type of site | Public |
|---|---|
| Users | 134 million monthly active users (2020) 36 million daily active users (2020) |
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.
Who owns Zynga stock?
Top 10 Owners of Zynga Inc
| Stockholder | Stake | Shares owned |
|---|---|---|
| The Vanguard Group, Inc. | 8.49% | 95,993,263 |
| T. Rowe Price Associates, Inc. (I… | 5.36% | 60,541,952 |
| BlackRock Fund Advisors | 3.79% | 42,884,077 |
| JPMorgan Investment Management, I… | 2.53% | 28,636,656 |
What happened to Zynga?
According to TechCrunch, Zynga is shutting down, stopping accepting new players, or pulling from the app stores 11 of its games. According to the company, keeping some of these games up was too much strain on the company and was costing it money that it couldn’t afford.
Does Zynga pay dividends?
ZYNGA (NASDAQ: ZNGA) does not pay a dividend.
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 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.
What will Zynga shareholders get?
Take-Two said Zynga shareholders will receive $3.50 in cash and $6.36 in Take-Two stock for each share of Zynga outstanding at the closing of the transaction. The deal, which is subject to regulatory and shareholder approvals, is expected to close by June 30, 2022.
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.
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.
What company just bought Zynga?
And just a week ago, console gaming heavyweight Take-Two announced an agreement to acquire Zynga in a deal valued at $12.7 billion which Forbes senior contributor Paul Tassi says instantly made it “a mobile monster.”
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