Quantum Capital Management Acquires New Stake in Zynga Inc. (ZNGA)

Quantum Capital Management acquired a new stake in Zynga Inc. (NASDAQ:ZNGA) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,243,749 shares of the company’s stock, valued at approximately $4,527,000. Quantum Capital Management owned 0.14% of Zynga at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. raised its stake in shares of Zynga by 5,061.5% in the first quarter. BlackRock Inc. now owns 35,936,741 shares of the company’s stock valued at $102,420,000 after purchasing an additional 35,240,491 shares in the last quarter. American Century Companies Inc. acquired a new position in shares of Zynga in the second quarter valued at $33,218,000. Marshall Wace North America L.P. raised its stake in shares of Zynga by 961.3% in the second quarter. Marshall Wace North America L.P. now owns 7,304,569 shares of the company’s stock valued at $29,219,000 after purchasing an additional 6,616,326 shares in the last quarter. Morgan Stanley raised its stake in shares of Zynga by 30.4% in the first quarter. Morgan Stanley now owns 27,433,552 shares of the company’s stock valued at $78,186,000 after purchasing an additional 6,397,949 shares in the last quarter. Finally, Omega Advisors Inc. raised its stake in shares of Zynga by 606.7% in the first quarter. Omega Advisors Inc. now owns 7,067,100 shares of the company’s stock valued at $20,141,000 after purchasing an additional 6,067,100 shares in the last quarter. 68.19% of the stock is owned by institutional investors.

In other news, Director Ellen F. Siminoff sold 12,000 shares of the business’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $3.77, for a total transaction of $45,240.00. Following the completion of the transaction, the director now owns 134,478 shares of the company’s stock, valued at approximately $506,982.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 36,000 shares of company stock valued at $132,360 in the last three months. 12.43% of the stock is owned by insiders.

ZNGA has been the subject of a number of recent research reports. Mizuho restated a “buy” rating and issued a $4.20 target price (up from $3.50) on shares of Zynga in a research note on Saturday, June 3rd. Piper Jaffray Companies set a $4.00 target price on Zynga and gave the company a “buy” rating in a research note on Thursday, August 3rd. Benchmark Co. restated a “buy” rating and issued a $4.35 target price (up from $3.65) on shares of Zynga in a research note on Wednesday, August 9th. Zacks Investment Research upgraded Zynga from a “hold” rating to a “buy” rating and set a $4.25 target price for the company in a research note on Thursday, August 10th. Finally, BidaskClub upgraded Zynga from a “hold” rating to a “buy” rating in a research note on Wednesday, August 23rd. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $4.06.

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Zynga Inc. (ZNGA) traded down 0.26% on Thursday, reaching $3.90. The company’s stock had a trading volume of 1,075,688 shares. Zynga Inc. has a 12 month low of $2.40 and a 12 month high of $4.02. The company has a 50-day moving average price of $3.68 and a 200 day moving average price of $3.37. The company’s market cap is $3.38 billion.

Zynga (NASDAQ:ZNGA) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). Zynga had a negative return on equity of 3.83% and a negative net margin of 10.50%. The business had revenue of $209.20 million for the quarter, compared to analyst estimates of $201.64 million. Zynga’s quarterly revenue was up 15.1% on a year-over-year basis. On average, equities research analysts anticipate that Zynga Inc. will post $0.10 EPS for the current fiscal year.

Zynga Profile

Zynga Inc is a provider of social game services. The Company develops, markets and operates social games as live services played on mobile platforms, such as iPhone Operating System (iOS) operating system and Android operating system and social networking sites, such as Facebook. The Company has developed a range of social games, including games in its Slots, Words With Friends, Zynga Poker and FarmVille franchises.

Institutional Ownership by Quarter for Zynga (NASDAQ:ZNGA)

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