Zynga (NASDAQ
NASDAQ
The Nasdaq Stock Market is an American stock exchange. It is the second-largest stock exchange in the world by market capitalization, behind only the New York Stock Exchange located in the same city. The exchange platform is owned by Nasdaq, Inc., which also owns the Nasdaq Nordic and Na…
What's going on with the Zynga stock?
Zynga Shares Skyrocket On Take-Two Buyout: What's Going On With The Stock Chart? Zynga Inc. ZNGA shares were trading significantly higher Monday after the company announced it will be acquired by Take-Two Interactive Software Inc. TTWO.
Will Zynga be acquired by Take-Two?
Zynga Inc. ZNGA shares were trading significantly higher Monday after the company announced it will be acquired by Take-Two Interactive Software Inc. TTWO. Zynga stockholders will receive $3.50 in cash and $6.36 in shares of Take-Two common stock for each share of Zynga common stock outstanding at the closing of the transaction.
What's behind Zynga's in-game ad business?
Zynga's acquisition of hyper-casual game publisher Rollic in October has helped it ramp up its in-game ad business. The company said Rollic recently surpassed 1 billion game downloads.
What does Zynga do for a living?
Zynga Inc. develops, markets, and operates social games as live services played on the Internet, social networking sites, and mobile platforms in the United States, North America, Asia, and the European Union. It offers its online social games primarily under the Slots, Words With Friends, Zynga Poker, and FarmVille franchises.
See more
Is Zynga a good stock to buy now?
During the day the stock fluctuated 0% from a day low at $8.18 to a day high of $8.18....Predicted Opening Price for Zynga Inc. of Tuesday, July 5, 2022.Fair opening price July 5, 2022Current price$8.18$8.18 (Undervalued)
What will happen to my Zynga stock?
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.
Is Zynga a Buy Sell or Hold?
Zynga stock has received a consensus rating of buy. The average rating score is and is based on 18 buy ratings, 8 hold ratings, and 2 sell ratings.
How high can ZNGA stock go?
Analyst Price Target on ZNGA Based on 9 Wall Street analysts offering 12 month price targets for Zynga in the last 3 months. The average price target is $8.92 with a high forecast of $10.00 and a low forecast of $7.80.
What will Zynga shareholders get?
The terms of the merger deal mean that Zynga stockholders will be entitled at closing to $3.50 in cash and 0.0406 shares of Take-Two common stock for each share of Zynga owned.
Who is buying Zynga?
Take-Two InteractiveTake-Two Interactive has officially acquired social and mobile gaming company Zynga. The $12.7 billion acquisition, announced in January, was completed Monday. The combined company will bring a new slate of popular games to Take-Two, including Zynga's Farmville, Words with Friends and Zynga Poker.
What is the target price for Zynga?
What is Zynga's price target? The average price target for Zynga is $8.92. This is based on 9 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
Is Zynga a good stock to buy Zacks?
Zacks' proprietary data indicates that Zynga Inc. is currently rated as a Zacks Rank 3 and we are expecting an inline return from the ZNGA shares relative to the market in the next few months.
Is Take-Two a good stock to buy?
This segment accounts for 60% of Take-Two's overall bookings as of Q4 2022, making it the most important growth driver for this business. Recurring consumer spending has compounded at a 21% rate since fiscal year 2018. Investors should expect this solid growth to continue over the next five years as well.
What will Zynga stock be worth in 5 years?
Based on our forecasts, a long-term increase is expected, the "ZNGA" stock price prognosis for 2027-05-19 is 13.417 USD. With a 5-year investment, the revenue is expected to be around +64.03%. Your current $100 investment may be up to $164.03 in 2027.
What does Zynga do?
Zynga Inc. /ˈzɪŋɡə/ is an American developer running social video game services. It was founded in April 2007, with headquarters in San Francisco. The company primarily focuses on mobile and social networking platforms. Zynga states its mission as "connecting the world through games".
Key Points
Zynga stock is surging following news that Take-Two will buy the company for $9.86 per share.
NASDAQ: ZNGA
You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More
What happened
Zynga ( ZNGA 1.32% ) stock is soaring today following news that the company is set to be acquired by Take-Two Interactive ( TTWO 0.64% ) in a $12.7 billion cash-and-stock deal. The mobile-focused video game publisher's share price was up roughly 45% as of noon ET.
So what
After soaring for much of 2020 and the beginning of 2021, Zynga's share price had retreated following a diminished growth outlook for its advertising-focused, ultra-casual games and a broader pullback for video game stocks.
Now what
Zynga stock currently trades at roughly $8.69 per share, which suggests roughly 13.5% additional upside based on the stated buyout price. The acquisition is on track to be completed by June 30, but it's still subject to gaining approval from Take-Two and Zynga shareholders and meeting necessary regulatory conditions.
Premium Investing Services
Invest better with the Motley Fool. Get stock recommendations, portfolio guidance, and more from the Motley Fool's premium services.
How much will Zynga's margins be in 2023?
However, it’s probably reasonable to assume that as Zynga’s business gains scale, it can boost margins to about 25% in 2023. Considering our revenue projections of roughly $3.6 billion and 25% margins, $900 million in adjusted earnings is likely possible by 2023.
Which gaming companies have benefited from the current crisis?
Also, gaming companies, such as Zynga, have benefited in the current crisis, as the demand for gaming has gained traction, given that more people are confined to their homes, eschewing more public forms of entertainment.
Latest Stocks Videos
In The Money: Groundhog Day: Mega-Cap Tech Stocks Out From the Shadows? Feb 02, 2022
Trefis
Trefis is an interactive financial community structured around trends, forecasts and insights related to some of the most popular stocks in the US. Whereas most finance sites simply give you the facts about where a stock has been and what a company has done in the past, Trefis focuses entirely on the future.
People are playing games less often as the economy reopens
Joe honed his investing skills as an analyst for Stock Advisor. He battle-tested his investment philosophy and strategies as portfolio manager of Tier 1, a market-crushing Motley Fool real-money portfolio that delivered 24.58% annualized returns.
What happened
Shares of Zynga ( NASDAQ:ZNGA) plummeted on Friday after the video game developer warned investors that its growth was slowing. As of 3:40 p.m. EDT, Zynga's stock price was down 18%.
So what
The owner of games such as Words With Friends and Tangle Master 3D saw its revenue rise 59% year over year to $720 million in the second quarter. The gains were fueled in part by a 110% surge in advertising revenue, to $133 million.
Now what
Investors have grown accustomed to strong bookings and revenue growth for gaming companies during the pandemic. But as vaccinations rise and people spend more time outside their homes, the gaming industry's growth is slowing.