Zynga Inc (NASDAQ:ZNGA) a Hold: Canaccord Genuity

In a research note issued to investors, Michael Graham at Canaccord Genuity Reiterated their Hold rating on Zynga Inc (NASDAQ:ZNGA). The analyst placed a $2.50 price target on the stock which indicates a 7.76% upside to the last closing price. In the year following Graham’s ratings, the stocks covered yield an average return of 18.90% according to TipRanks.com. In the past year 77 out of 119 recommendations or 65% were successful.

Zynga Inc (NASDAQ:ZNGA) shares opened the most recent trading session at 2.30 and at the time of writing the last Bid was at 2.30. In the current trading session the stock reached as high as 2.33 and dipped down to 2.30. Zynga Inc., a NasdaqNM listed company, has a current market cap of 2.048B and on average over the past 3 months has seen 14033500 shares trade hands on a daily basis.

On a technical level the stock has a 50 Day Moving Average of 2.5968. Based on a recent trade, this puts the equity at -11.43% away from that average. In comparing the stock’s current level to its extended history, the stock is trading -60.95% away from it’s 52-week high of 5.89 and +4.55% away from the stock’s low point over the past 52 weeks, which was 2.20. On a consensus basis, analysts have a one year target price of 3.06. The company last reported earnings per share of -0.26.

The consensus analyst estimates according to First Call for the next quarter is -0.02. The current year EPS estimate on the stock is -0.04 and the EPS estimate for next year sits at 0.01. In looking at the fundamentals, ZNGA has a P/E ratio of N/A and a price to book ratio of 1.09. The company’s Book Value is 2.129 and most recently reported EBITDA of -161.8M. The price compared to next year’s EPS estimate in the current year is 232.00.

Company Profile

Zynga Inc (ZNGA) is a provider of social game services. The Company develops, markets and operates social games as live services played over the internet, social networking sites and mobile platforms. The Company’s games are accessible on Facebook and other social networks, mobile platforms and Zynga.com. According to AppData, as of December 31, 2013, the Company had five of the top 10 games on Facebook based on DAUs. The Company’s players are engaged, with the company’s games being played by 27 million DAUs, across the world, as of December 31, 2013. The Company has many of the online social games, including the FarmVille, words with friends and Zynga Poker franchises, Bubble Safari, ChefVille, and Draw Something. As of December 31, 2013, according to AppData, the Company had three of the top five social games on Facebook based on DAUs. During the three months ended December 31, 2013, the company had approximately 1.3 million MUPs.