Truist Securities downgraded Zynga from Buy to Hold and set a new price target of $10.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/4/2022 | $10.50 → $9.86 | Buy → Neutral | MKM Partners |
| 2/28/2022 | Buy → Hold | Benchmark | |
| 2/25/2022 | $10.00 → $9.00 | Outperform → Neutral | Baird |
| 2/10/2022 | Overweight → Equal-Weight | Barclays | |
| 1/20/2022 | Buy → Neutral | BTIG | |
| 1/19/2022 | $10.50 → $10.00 | Overweight → Equal-Weight | Morgan Stanley |
| 1/18/2022 | $10.00 | Buy → Hold | Jefferies |
| 1/13/2022 | $12.00 → $10.00 | Buy → Hold | Stifel |
Wolf to Spearhead the Integration of NFTs and Blockchain Technology into Zynga's Diverse Gaming Ecosystem Zynga Inc. (NASDAQ:ZNGA), a global leader in interactive entertainment, today announced that it has appointed Matt Wolf as its Vice President, Blockchain Gaming. Wolf will focus on the opportunity to integrate non-fungible tokens (NFTs) and blockchain technology into Zynga's existing portfolio and owned IP, as well as to develop games from inception that are built with NFTs as part of the core gameplay loop. "Emerging platforms and technologies are key parts of Zynga's growth strategy - as evidenced by our recent game launches on Snap Games, Google Nest and Amazon Alexa," said Scott
Matthew Bromberg Appointed Chief Executive Officer and President Interim Chief Executive Officer Jim Whitehurst Named Executive Chair of the Unity Board Company to Release First Quarter 2024 Financial Results on May 9, 2024 Unity (NYSE:U) (the "Company"), the world's leading platform of tools for creators to build and grow real-time games, apps, and experiences across multiple platforms, today announced that Matthew Bromberg has been appointed Chief Executive Officer, President, and a member of the Unity Board of Directors, effective May 15, 2024. Interim Chief Executive Officer Jim Whitehurst has been appointed Executive Chair of the Unity Board while Roelof Botha will transition fro
Take-Two Interactive Software, Inc. (NASDAQ:TTWO) and Zynga Inc. (NASDAQ:ZNGA), two leaders in interactive entertainment, announced today that the stockholders of each organization have approved all proposals related to Take-Two's combination with Zynga at each company's respective Special Meeting of Stockholders. As a result, the closing of the business combination is expected to occur on May 23, 2022 before market open, subject to the satisfaction of the remaining customary closing conditions. Shares of Zynga will cease trading after the market close on May 20, 2022, and following the closing, Zynga will no longer be listed on the NASDAQ exchange. This press release features multimedia. V
Delivers Strong Quarterly Revenue and Bookings Reports Highest Ever Q1 Advertising Revenue and Bookings Continued Execution Across Multi-Year Growth Strategy Zynga Inc. (NASDAQ:ZNGA) today released financial results for the first quarter ended March 31, 2022. "We started off 2022 with a strong quarterly performance, achieving our highest ever Q1 advertising revenue and bookings led by our hyper-casual portfolio," said Frank Gibeau, CEO of Zynga. "Through continued execution across all aspects of our multi-year growth strategy including live services, new game development and investments in our advertising platform, new markets and technologies, we are strengthening our position as a lea
Matthew Bromberg Appointed Chief Executive Officer and President Interim Chief Executive Officer Jim Whitehurst Named Executive Chair of the Unity Board Company to Release First Quarter 2024 Financial Results on May 9, 2024 Unity (NYSE:U) (the "Company"), the world's leading platform of tools for creators to build and grow real-time games, apps, and experiences across multiple platforms, today announced that Matthew Bromberg has been appointed Chief Executive Officer, President, and a member of the Unity Board of Directors, effective May 15, 2024. Interim Chief Executive Officer Jim Whitehurst has been appointed Executive Chair of the Unity Board while Roelof Botha will transition fro
Delivers Strong Quarterly Revenue and Bookings Reports Highest Ever Q1 Advertising Revenue and Bookings Continued Execution Across Multi-Year Growth Strategy Zynga Inc. (NASDAQ:ZNGA) today released financial results for the first quarter ended March 31, 2022. "We started off 2022 with a strong quarterly performance, achieving our highest ever Q1 advertising revenue and bookings led by our hyper-casual portfolio," said Frank Gibeau, CEO of Zynga. "Through continued execution across all aspects of our multi-year growth strategy including live services, new game development and investments in our advertising platform, new markets and technologies, we are strengthening our position as a lea
Zynga Inc. (NASDAQ:ZNGA) today announced it will report its first quarter 2022 financial results on Monday, May 9, 2022, at approximately 1:05 p.m. Pacific Time (4:05 p.m. Eastern Time) via press release. Due to the pending transaction with Take-Two Interactive Software, Inc. announced on January 10, 2022, Zynga will not host a conference call or provide forward guidance in connection with the release of its quarterly results. About Zynga Inc. Zynga is a global leader in interactive entertainment with a mission to connect the world through games. With massive global reach in more than 175 countries and regions, Zynga has a diverse portfolio of popular game franchises that have been downlo
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While the market waits on regulatory approval of Microsoft's (NASDAQ:MSFT) takeover, Activision Blizzard (NASDAQ:ATVI) is on the verge of releasing a flurry of new content that should drive results in Q3 and Q4. Benchmark noted the content and called it a "significant" second-half catalyst that should drive growth into 2023. Names on the roster include new releases in the Call of Duty, World of Warcraft, and Overwatch brands while a new Diablo release is slated for next year. Moffet Nathanson recently upgraded the stock citing a 20% discount to the Microsoft offer. They upped the stock to a Buy and raised the target to $95, in line with the analyst consensus. In their view, the deal with M
According to data from Benzinga Pro, during Q1, Zynga's (NASDAQ:ZNGA) reported sales totaled $694.90 million. Despite a 63.6% increase in earnings, the company posted a loss of $24.50 million. In Q4, Zynga brought in $726.60 million in sales but lost $67.30 million in earnings. What Is Return On Capital Employed? Earnings data without context is not clear and can be difficult to base trading decisions on. Return on Capital Employed (ROCE) helps to filter signal from noise by measuring yearly pre-tax profit relative to capital employed by a business. Generally, a higher ROCE suggests successful growth of a company and is a sign of higher earnings per share in the future. In Q1, Zynga posted
Reuters Your Gaming Options Are Set To Explode — Thanks To TikTok ByteDance-owned TikTok is testing games on its short-form video platform through a tie-up with Zynga Inc (NASDAQ:ZNGA) as it plans to foray into new waters. TikTok is planning to make gaming more widely available in Southeast Asia as early as the third quarter, people familiar with the matter told Reuters. The Chinese company is reportedly carrying out tests in Vietnam, where 70% of the population is under 35 years, and an attractive market for TikTok rivals such as Facebook parent Meta Platforms Inc (NASDAQ: FB) and Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG). Harley-Davidson Suspends Motorcycle Production, S
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MKM Partners downgraded Zynga from Buy to Neutral and set a new price target of $9.86 from $10.50 previously
Benchmark downgraded Zynga from Buy to Hold
Baird downgraded Zynga from Outperform to Neutral and set a new price target of $9.00 from $10.00 previously