ZNGA - Zynga Inc.
| Previous Close | 6.12 |
| Open | 6.11 |
| Bid | 6.17 x 38800 |
| Ask | 6.18 x 29200 |
| Day's Range | 6.06 - 6.18 |
| 52 Week Range | 3.32 - 6.65 |
| Volume | 11,121,494 |
| Avg. Volume | 20,489,506 |
| Market Cap | 5.8B |
| Beta (3Y Monthly) | 0.19 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.20 |
| Earnings Date | Oct 29, 2019 - Nov 4, 2019 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 7.36 |
- Zacks
Mobile Game Dominance War Intensifies: ATVI & Others to Watch
Activision Blizzard's (ATVI) upcoming Call of Duty: Mobile is expected to provide it a competitive edge in the crowded mobile games space.
- Zacks
Count on These 3 Video Game Stocks for Superb Gains
This is an opportune moment to grab video game stocks as new releases this fall could be game changers in boosting revenues.
- Zacks
Zynga (ZNGA) Boosts Gaming Lineup with Merge Magic! Launch
Zynga (ZNGA) is expected to benefit from portfolio strength following the launch of Merge Magic! amid intensifying competition.
- Business Wire
Zynga Launches Spellbinding New Puzzle Adventure Game Merge Magic!
Zynga Inc. (ZNGA), a global leader in interactive entertainment, today announced the worldwide launch of Merge Magic! - a brand new adventure puzzle game where players can lift the curse on mysterious new worlds by merging various creatures and by matching new items to win rewards that enable them to unlock enchanting new surprises along the way. Merge Magic! is developed by Gram Games, the studio behind global hits like Merge Dragons!, 1010! and Six!. “We wanted to create a new puzzle game where players can merge anything together to create unique mythical creatures that no one has ever seen before,” said Eren Yanik, Chief Product Officer of Gram Games.
- Barrons.com
Zynga Is Poised to Benefit From Mobile-Gaming Consolidation, Analyst Says
(ZNGA) stock ticked up Tuesday after an analyst called the mobile-gaming company his “best idea,” saying he expects the company to bolster growth with acquisitions. Zynga has lately benefited from other deals it has used to build its category of games. Zynga “is well-positioned for consolidation in the mobile gaming market,” Cohen wrote.
- Business Wire
Zynga to Present at the Goldman Sachs Communacopia Conference
Zynga Inc. , a global leader in interactive entertainment, announced today that its Chief Executive Officer Frank Gibeau will present at the following upcoming investor conference.
- TheStreet.com
Zynga Climbs on 'Best Idea in Video Games' Nod from Stephens
Zynga rises after an analyst at Stephens names the electronic gaming company the 'best idea in video games.'
- ETF Trends
Evaluating The VanEck eSports ETF
VanEck Video Gaming and Esports ETF (ESPO) is approaching its one-year anniversary and is doing so with some superlatives on its side. More importantly, ESPO is up about 30% year-to-date. ESPO seeks to track the performance of the MVIS® Global Video Gaming and eSports Index (MVESPO).
- Business Wire
Zynga Poker Partners with Actor, Comedian and Card Shark Brad Garrett for ‘Celebrity Home Game’ Sweepstakes Event, Benefiting Maximum Hope Foundation
Today, Zynga Inc. (ZNGA), a global leader in interactive entertainment, announced that Zynga Poker, the world’s largest free-to-play mobile poker game, is partnering with three-time Emmy Award winning actor and Everybody Loves Raymond alum, comedian and star of the ABC comedy, Single Parents, Brad Garrett for a special ‘Celebrity Home Game’ sweepstakes event. Starting today, players can earn sweepstakes entries by completing Daily and Hot Streak challenges in Texas Hold ‘Em card games in Zynga Poker. Following a two-week contest period, semi-finalists will be asked to submit a one-minute video comedy audition to be judged by the comic himself, Brad Garrett.
- InvestorPlace
Here are 3 Reasons Why SNAP Stock is Soaring in 2019
This has been a good year for Snap (NYSE:SNAP). Snap stock is up 186% in 2019, and it even reached a new 52-week high at the end of July. Source: dennizn / Shutterstock.com SNAP's stock growth continues to outperform peers like Facebook (NASDAQ:FB) and Twitter (NYSE:TWTR). CEO Evan Spiegel been selling millions of the company's shares. Just last week he sold over $33 million worth of SNAP stock. This seems to be a recent trend as both Facebook CEO Mark Zuckerberg and Amazon (NASDAQ:AMZN) CEO Jeff Bezos have also been selling millions of their company's shares.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSnap has been steadily improving its fundamentals after a rough 2018. The company's user base continues to steadily grow, which has boosted revenue and increased investor confidence. * 7 Discount Retail Stocks to Buy for a Recession Even still, some Wall Street analysts are hesitant when it comes to SNAP and the stock is considered a moderate buy. So is Snapchat stock worth investing in? Here are three things to consider first. 1\. User Base GrowthIn 2018, Snap's user base struggled after the launch of Instagram Stories, but the company has experienced a major shift this year. During the first quarter, Snap added four million daily active users and this figure increased to 13 million during the second quarter. The company now boasts 500 million monthly active users. This growth was largely fueled by Snap's updated version of its app and an increased focused on AR technology. Additionally, Snap recently announced it is partnering with Spotify to allow users to share music and podcasts directly within the app. 2\. Snap Flies under Regulation RadarThis year, the news has been relatively light when it comes to SNAP. The company has avoided much of the criticism it endured in 2018 over top executives leaving the company. Most importantly, SNAP avoided the regulatory issues that have plagued Facebook and other big tech companies. Facebook, in particular, has dealt with a $5 billion FTC fine and criticism over its new cryptocurrency Libra. 3\. Snap and GamingSnap's advertising business continues to be a strong source of revenue but that company's gaming business is where the real opportunity could lie.Last April, the company launched Snap Games, which quickly attracted the attention of the gaming developer Zynga (NASDAQ:ZNGA).Zynga introduced a new battle royale game exclusively on Snap's platform called Tiny Royale. SNAP also introduced five other titles when it launched in the spring. According to Evercore ISI analyst Kevin Rippey, Snap Games could bring in hundreds of millions of dollars in sales by 2020. The Bottom Line on Snap StockDuring its most recent earnings report, company executives seemed optimistic about SNAP's future growth prospects. The company's third-quarter revenue guidance has SNAP earning between $410 million and $435 million in revenue. And this is entirely possible if the company can keep growing its user base, increase engagement on its platform, and find new sources of revenue. All in all, we can expect good things from SNAP stock in the coming years. As of this writing, Jamie Johnson did not hold a position in any of the aforementioned stocks. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Big IPO Stocks From 2019 to Watch * 7 Discount Retail Stocks to Buy for a Recession * 7 Stocks to Buy Benefiting From Millennial Money The post Here are 3 Reasons Why SNAP Stock is Soaring in 2019 appeared first on InvestorPlace.
- Zacks
Zynga (ZNGA) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, Zynga (ZNGA) closed at $5.72, marking a -0.35% move from the previous day.
- Investopedia
Play for Gains in Mobile Gaming Stocks
Growing user demand continues to support mobile gaming stocks. These trading tactics could help you play three industry leaders.
- Motley Fool
Can Snap Generate $350 Million in Annual Gaming Revenue by 2022?
The company's new gaming business could become its new growth engine.
- Simply Wall St.
Why Zynga Inc.'s (NASDAQ:ZNGA) CEO Pay Matters To You
Frank Gibeau has been the CEO of Zynga Inc. (NASDAQ:ZNGA) since 2016. This analysis aims first to contrast CEO...
- Business Wire
Trisha Yearwood’s Avatar and Song Coming Soon to FarmVille 2: Country Escape
Today, Zynga Inc. (ZNGA), a global leader in interactive entertainment, announced that country music icon Trisha Yearwood will be featured as a welcoming farmhand avatar in FarmVille 2: Country Escape along with her new single, “Every Girl in This Town,” starting on September 9. The special appearance celebrates the company’s 10 year anniversary of its FarmVille franchise and Ms. Yearwood’s highly anticipated new album, Every Girl, available tomorrow. Ms. Yearwood will provide fans an exclusive sneak peek of her in-game avatar during her #EveryGirlRoadTrip, which kicks off tomorrow.
- TipRanks
3 Stocks Getting the Thumbs Up From Analysts
Stocks are volatile these days – between trade wars and President Trump’s twitter habit, it seems there’s always something to push the markets around. Last Friday’s trading saw a sharp drop of 2.5% in the S&P 500, Monday gained some back, and yesterday’s session walked those gains back partway. How is an investor to know what to do? One clear signal that a stock pick is a good one – the analyst upgrades. Wall Street’s analysts keep a close eye on their favored market sectors, rating stocks and then returning to them as market conditions change. And when they do, they may just upgrade a stock. That’s a sign for investors to take note. Here we look at three stocks which have gotten positive revisions in recent days. Cronos Group, Inc. (CRON)Cronos has had its troubles, like all of the companies emerging into the cannabis space. From working to establish supply and distribution chains, to dealing with the patchwork of legal statuses in the United States, to developing niches in recreational, medical, or pharmaceutical segments, the cannabis companies have had their hands full.Despite all of that, Cronos Group has just received an upgrade to its status from 5-star analyst Matt Bottomley of Canaccord Genuity. Bottomley moved his rating on CRON from Sell to Hold, acknowledging that the company’s fiscal Q2 performance justifies the improved outlook. In the recently reported quarter, Cronos reported an impressive 202% increase in net revenues year-over-year, along with a 232% increase in the amount of product sold in the same time. Bottomley’s price target on the stock is C$17 (US$12.77), indicating room for a 15.9% upside.At the same time Bottomley gave his upgrade, Piper Jaffray analyst Michael Lavery initiated coverage on CRON with a Buy rating. In support of his optimistic outlook, Lavery writes, “We expect Cronos to have modest near-term revenues from Canadian cannabis production, but believe it has significant potential growth opportunities with CBD products in the US…” His $18 price target shows confidence in a 63% upside for the stock.Overall, Cronos has a Moderate Buy rating from the analyst consensus, based on 3 buys, 3 holds, and 1 sell given in the past three months. CRON shares are priced at $11.02, and the average price target, $22.50, suggests an upside potential of 104%. Verizon Communications (VZ) Verizon, like most of the big American telecom companies, is a descendant of the old Bell System that was broken up under anti-trust laws in the early 1980s. Today, the company is the second-largest wireless services provider in the US, with over 153 million customers, and the second-largest telecom by revenues.The wireless industry, around the world, is in process of gearing up for the new 5G technology. Verizon finds itself well placed for the transition, having seen investors oversubscribe to a recent bond sale, giving the company plenty of ready cash to apply to 5G technology. The company’s recent fiscal Q2 report shows it in a strong position, with stable revenues, solid EPS, and robust subscriber growth. In the earnings report, CEO Hans Vestberg said, “Verizon made history this quarter by becoming the first carrier in the world to launch 5G mobility… we head into the second half of the year with great momentum.”Verizon’s strong performance prompted 5-star Oppenheimer analyst Timothy Horan, on August 27, to upgrade his stance on VZ from Hold to Buy. In note on the upgrade, Horan said, “The company should be early and successful in its 5G network, and we expect it to pick up a lot of mid-band spectrum inexpensively next year. Its ARPU (average revenue per user) should continue growing, and strong cable wholesale growth is accretive.” Horan adds his belief that Verizon will make an “early and successful” switch to 5G. His price target on VZ, $70, is indicative of a 22% upside to the stock.Verizon holds a Moderate Buy consensus rating, derived from an even split: 3 each holds and buys. Shares are priced at $57, and the $63 average price target implies a 11% upside for VZ. Zynga, Inc. (ZNGA) This video game company is best known as the creator of FarmVille, and its current hits include Zynga Poker and Words with Friends 2. Zynga currently boasts over 30 million monthly active users, a sure sign of success for a key metric in the social gaming industry.Wedbush analyst Michael Pachter is impressed with Zynga’s performance, but more importantly, he is impressed with the company’s outlook and forward guidance. In line with his upbeat outlook, Pachter added Zynga to his ‘Best Ideas’ list, a designation that includes the firm’s top stock picks. His price target on Zynga stock, $9, reflects his bullish stance; it indicates a 57% upside potential. Pachter has an 86% success rate when recommending ZNGA.Pachter sees two new games, Empires & Puzzles and Merge Dragons! with potential to beat expectations in the coming year, and he notes that Zynga has scheduled three more new releases before the end of 2019. says of the company’s prospects going forward, “Zynga's third-quarter guidance, which was mostly in-line with expectations, could prove to be conservative ahead of new game launches.” He added that, “[The new games] have the potential to drive significant upside to the Street’s expectations through 2021. We expect the shares to trade closer to our price target over the remainder of the year.” Zynga has earned a Strong Buy from the analyst consensus, based on 5 buys and 1 hold from the last three months. Shares sell for $5.72, a bargain for such a bullish stock, and the average price target of $7.74 suggests an upside potential of 35%.Visit the Trending Stocks page at TipRanks, and find out what other companies have attracted attention from Wall Street’s top analysts.
- Investor's Business Daily
Video Game Stocks Hopping Ahead Of Holiday Season
Video game stocks are climbing as the critical holiday season approaches. Top publisher Activision Blizzard led a rally on Tuesday that also lifted Zynga and Take-Two Interactive Software.
- Motley Fool
Wedbush Doubles Down on Zynga
The analyst believes strong sales growth plus new games should equal better profits for Zynga going forward.
- Benzinga
Wedbush: Zynga's Upside Potential Makes It A Top Play
Online video game developer Zynga Inc (NASDAQ: ZNGA ) has the potential to show notable upside versus the Street's estimates through 2021, according to Wedbush. The Analyst Michael Pachter maintained an ...
- Investing.com
Stocks: Papa John's Soars in Premarket; J&J, Comcast, Zynga All Rise
Investing.com - Stocks in focus in premarket trading on Tuesday:
- Investing.com
Activision Jumps After it Launches WoW Classic
Investing.com - Shares of Activision Blizzard (NASDAQ:ATVI) rose on Tuesday after the gaming company launched a classic version of its World of Warcraft to celebrate its 15-year anniversary.
- TheStreet.com
[video]Zynga Gets Boost From Being Added to Wedbush's 'Best Ideas' List
Shares of online gaming developer and provider Zynga get a boost after an analyst at Wedbush Securities adds the company to the firm's 'best ideas' list.
- Zacks
Will Soft Calvin Klein Unit Mar PVH Corp's (PVH) Q2 Earnings?
PVH Corp's (PVH) soft Calvin Klein business along with adverse currency is likely to hurt second-quarter fiscal 2019 results. However, the Tommy Hilfiger brand strength might aid results.
- Business Wire
Hobbs & Shaw Hit the Streets in Zynga’s CSR Racing 2
New Content Inspired by Universal Pictures’ Fast & Furious Presents: Hobbs & Shaw Appears in Game
- InvestorPlace
3 Video Game Stocks to Buy
Does this week's exaggerated fearful and cheerful trading conditions make you wonder if the market is simply one big game to be played? That may be up for debate. But video game stocks Electronic Arts (NASDAQ:EA), Zynga (NASDAQ:ZNGA) and Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG) are offering solid evidence for bulls to play the game in today's unhinged market environment. Let me explain.Amid fearful headlines of trade tariffs, currency manipulation accusations, and quick fixes, the net score for bulls and bears in the S&P 500 this week is shaping up as a draw. But that's not the case for video game stocks EA, ZNGA, and GOOGL. * 8 Dividend Aristocrat Stocks to Buy Now No Matter What Following recent earnings reports, Electronic Arts, Zynga, and Alphabet are clear winners for investors to buy. The good news is due to all the day-to-day twists and turns within the broader market. These video game stocks look ready for investors to play today.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Video Game Stocks to Buy: Electronic Arts (EA) Electronic Arts is the first of our three video game stocks to buy. EA stock is a straight-up industry giant with hugely popular franchises such as The Sims and Star Wars, has lucrative sport licensing deals with FIFA and the NFL, and is a powerhouse within the growing world of e-sports.Technically, right now is a great spot for bullish investors to begin playing a long position in EA stock. Following the company's recent earnings beat and bullish reaction, an out-of-favor, but far from out EA stock is looking destined for a big comeback on the price chart.After holding a key band of longer-term support last December, shares rebounded quickly only to fall back into a downtrend. But with EA stock successfully testing the 62% retracement level this past month and shares now sporting a bullish oversold stochastics crossover, conditions are ripe to play Electronic Arts long today.Buy EA stock today on sympathy weakness from peer Activision Blizzard (NASDAQ:ATVI). ATVI stock announced an earnings beat last night, but a modestly disappointing outlook got the better of investors.For targets on the price chart, I'd suggest using EA stock's 2019 high near $110 for partial profit-taking opportunities. To protect the position from any bearish repeats, a blended stop-loss below $88.50 to minimize casualties off and on the price chart makes sense. Zynga (ZNGA)Zynga is the next of our video gaming stocks to buy. The company has successfully pivoted from offering browser and PC-focused games into a much more defensible mobile-first platform. The transition has boosted sales growth, earnings, and the company's operating cash flow.Last week's better-than-expected Q2 confessional is the most recent evidence of ZNGA's friendly business and price trends that are building favorably for bullish investors.Regarding ZNGA stock's price chart, the report was ultimately met with some profit-taking after narrowly making new relative highs. More importantly, with a test and hold of Zynga's former five-year high and prior trend resistance in place, it's time to play this video gaming stock long. * 5 Cheap Stocks to Buy Now That the Fed Cut Rates The strategy here is simple. With ZNGA stock forming a bullish hammer pattern on the weekly price chart, wait for price confirmation next week to go long shares. Respect the candlestick low to limit exposure and look to take partial profits in-between $7.00 - $7.50 in the weeks ahead. Google (GOOGL) I'll give InvestorPlace's Josh Enomoto credit for turning my attention to GOOGL stock as the last of our video game stocks to buy. Alphabet is an unusual choice when one thinks about the gaming arena. But there's no denying the company's YouTube business is a hugely popular platform for watching top gamers exploits and tutorials on how to better your own play. It's a winning combination for profits.Following a recent earnings beat and out-of-this world reaction from Wall Street, it's game-on in GOOGL stock.Technically, the earnings reaction toppled a very bearish-looking environment. The gain of nearly 10% put to rest the possibility of a flag pattern and reinstates a more bullish outlook for this video game stock. Currently, with shares pulling back in a weekly hammer pattern that's testing the 50% retracement level from GOOGL's June low to July's earnings reaction high, Alphabet is setting up nicely for a purchase.My recommendation in GOOGL stock is to buy shares on a move through $1207. This entry confirms the bullish hammer pattern, as well as puts shares back above the early 2018 high of $1198 and the psychological $1200 barrier. I'd advise taking partial profits on a challenge of $1300 and if required, abort the long if the hammer fails to hold.Investment accounts under Christopher Tyler's management do not currently own positions in securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional market insights and related musings, follow Chris on Twitter @Options_CAT and StockTwits More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 8 Dividend Aristocrat Stocks to Buy Now No Matter What * 7 Stocks to Buy to Ride the Vegan Wave * 4 Safe Stocks to Buy Amid Trade War Turbulence The post 3 Video Game Stocks to Buy appeared first on InvestorPlace.
