Zynga, the popular online gaming company, is listed on the NASDAQ stock exchange under the ticker symbol ZNGA. The company's stock symbol is widely recognized in the financial world.
ZNGA is a popular stock among investors who are interested in the online gaming industry, and its market capitalization is significant. The stock has experienced fluctuations in value over the years, influenced by various market and company-specific factors.
Zynga's stock has been affected by the company's performance in the online gaming market, with its revenue and user base impacting its stock price. The company's ability to innovate and adapt to changing market trends is crucial to its success.
Zynga Stock Analysis
Zynga's recent financial results show a strong Q1 2022, with $691 million in revenue and record advertising revenue of $154 million.
Analysts have been adjusting their price targets and ratings for Zynga in light of the company's performance. Berenberg Bank, for instance, terminated coverage on Zynga following the completion of its acquisition by Take Two Interactive.
Zynga's user base is growing, with average mobile DAUs rising 3% to 40 million and mobile MAUs surging 27% to 209 million.
The company's bookings, however, decreased 3% to $695 million, with a notable drop in user pay bookings, down 11%.
Analysts' recommendations for Zynga are as follows:
The average estimate for Zynga's earnings is 0.04, with a high estimate of 0.06 and a low estimate of 0.01.
Zynga Financial Results
Zynga reported a strong Q1 2022 with $691 million in revenue, a 2% increase year-over-year.
Their record advertising revenue of $154 million is up 24% from the previous year.
Bookings decreased 3% to $695 million, with a notable drop in user pay bookings, down 11%.
Average mobile DAUs rose 3% to 40 million, while mobile MAUs surged 27% to 209 million.
Despite a $25 million net loss, Adjusted EBITDA improved 17% to $144 million.
Frequently Asked Questions
What is Zynga's new stock symbol?
Zynga's new stock symbol is ZNGA, which is listed on the NASDAQ stock exchange. This symbol replaced Zynga's previous stock symbol, ZNGA was already the symbol when it was first listed in 2011.
Who bought ZNGA?
ZNGA was acquired by Take-Two Interactive in May 2022. The acquisition was announced in January 2022 for $12.7 billion.
How much is Zynga stock today?
The current price of Zynga stock is $8.18. Check the latest real-time stock price chart for the most up-to-date information.
What is the price target for ZNA stock?
The average price target for Zynga stock is $8.92, based on 9 analyst forecasts. This represents a potential increase from the current price, with a range of $7.80 to $10.00.
What is Zynga stock price prediction?
According to analyst ratings, Zynga's 12-month average price target is $8.92. This prediction suggests a potential future value for Zynga stock.
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