You’ll identify target audiences, develop creative and messaging then execute on … 14 Wall Street analysts have issued ratings and price targets for Zynga in the last 12 months. Their average twelve-month price target is $7.25, suggesting that the stock has a possible upside of 18.33%. The high price target for ZNGA is $9.00 and the low price target for ZNGA is $5.30. Withers: Zynga is about $11 billion [market cap] today. Although the memes may have taken over the markets, there are still viable cheap stocks to buy under $20 that you can advantage. 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. Meanwhile, Zynga closed the acquisition of Turkey’s Rollic, a hypercasual mobile game company whose titles have 250 million downloads. - Motley Fool fool.com - June 12 at 2:42 PM: Could Zynga Be an Acquisition Target? The Zynga Analyst: Ryan Gee upgraded Zynga from Neutral to Buy and raised the price target from $12 to $13.50. Zynga Inc. (Nasdaq: ZNGA), a global leader in interactive entertainment, today announced that it has acquired Echtra Games, a cross-platform game studio composed of … This mobile video gaming specialist expects to hit $2.7 billion in full-year revenue on the back of new releases such as Harry Potter: Puzzles & Spells and Star Wars: Hunters and tremendous growth from its advertising business.This success may make investors wonder if it could become a takeout target. target: Bonfire Studios Bonfire Studios is a video game development company based in Dallas, Texas which is run by developers best known for their PC and console gaming work. Zynga (NASDAQ: ZNGA) Looks In Great Shape To End The Year; A number of equities research analysts have weighed in on ZNGA shares. Zynga recently acquired the game developers Rollic and Echtra which will further its … Amid reports that Tencent ( OTCPK:TCEHY) is looking at debt financing for a potential gaming acquisition, KeyBanc says a … ZNGA was up 10.11% and closed at $3.93 on March 11, 2013. – Motley Fool The Motley Fool. The 7 Best Cheap Stocks to Buy That Are Under $20 Now. Could Zynga Be an Acquisition Target? On a Fool Live episode recorded on May 12, Fool contributors Toby Bordelon and Brian Withers cover the company's recent stellar results and discuss whether Zynga might be acquired. Zynga Stock Up 71% Since Coronavirus Crash. ZNGA Zynga $10.72 / +0.44 (+4.28%). Zynga Closes Acquisition of Istanbul-Based Rollic, a Leader in the Fast-Growing Hyper-Casual Games Business Back to video The Rollic acquisition marks Zynga’s entrance into the fast-growing hyper-casual market and brings a highly talented team with a substantial network of external developers to Zynga. As Product Marketing Manager, you will play a key role in supporting the upcoming launch of FarmVille 3 and post-launch live ops marketing. Video Game Stock Zynga Surges To 8-Year High On Acquisition, Raised Outlook Mobile Game Maker Zynga Beats Sales Target, Disappoints On Earnings Activision Stock Called Top Pick As It … The average analyst price target of $13.38 implies 31.9% upside potential. The comparable profit target number that Zynga hit for adjusted profits was $173 million, well above expectations. The 7 Best Cheap Stocks to Buy That Are Under $20 Now Jun. This mobile video gaming specialist expects to hit $2.7 billion in full-year revenue on the back of new releases such as Harry Potter: Puzzles & Spells and Star Wars: Hunters and tremendous growth from its advertising business.This success may make investors wonder if it could become a takeout target. Their average twelve-month price target is $12.55, predicting that the stock has a possible upside of 18.48%. This mobile video gaming specialist expects to hit $2.7 billion in full-year revenue on the back of new releases such as Harry Potter: Puzzles & … Could Zynga Be an Acquisition Target? Like. Investment Thesis Zynga (ZNGA) is a mobile game developer. Could Zynga Be an Acquisition Target? Zynga (NASDAQ: ZNGA) has come a long way since Farmville was its only hit mobile game. Zynga began trading on NASDAQ December 16, 2011, under the ticker ZNGA. The company develops, markets, and operates social games as live services played on mobile platforms, such as Apple iOS and Google's Android operating systems; social networking platforms, such as Facebook and Snapchat; and personal computers consoles, such as Nintendo's Switch game console, and other … Peak will Maintain Their Unique Creative Culture and Brand Identity. Seeking Alpha - Michael Wiggins De Oliveira • 9h. Terms were not disclosed and the acquisition isn’t expected to be material to Zynga. In surprise news last month, Bloomberg reported that mobile games developer Zynga has become an acquisition target of other developers. UBS Investment Bank acted as the exclusive financial advisor and Orrick served as legal advisor to Zynga in this transaction. Microsoft is buying LinkedIn for $26.2 billion, while c omputer-security company Symantec is buying Blue Coat Systems for about $4.65 billion. May. Zynga is a global leader in interactive entertainment with a mission to connect the world through games. fool.com - June 12 at 7:15 AM: Zynga (ZNGA) Down 2.9% Since Last Earnings Report: Can It Rebound? Zynga Completes Acquisition of Peak Effective as of July 1, 2020 Peak will Maintain Their Unique Creative Culture and Brand Identity Zynga to Update Full Year 2020 Guidance when Reporting Q2 … Price *Price Target. Zynga's games are available on a number of global platforms, including Facebook, Zynga.com, Google+, Tencent, Apple iOS and Google Android. Idera Inc., the software development tool vendor, is acquiring data lake specialist Qubole Inc. as Idera expands its database tools portfolio. target: Bonfire Studios Bonfire Studios is a video game development company based in Dallas, Texas which is run by developers best known for their PC and console gaming work. Glu Mobile for $2.4 billion, Zynga ‘s chief executive says that the company is open to an acquisition offer. Zynga Inc (NASDAQ: ZNGA) has more resources and experience than its content aggregator peers and could begin exhibiting “more platform-like qualities that warrant a premium multiple,” according to BofA ... Zynga CEO Frank Gibeau joins CNBC's "Squawk Alley" team to talk about the video games industry and outlook. SAN FRANCISCO--(BUSINESS WIRE)--Oct. 2, 2020-- Zynga Inc. (Nasdaq: ZNGA), a global leader in interactive entertainment, and Rollic, an Istanbul-based mobile games developer and publisher with an exciting portfolio of popular hyper-casual games that have been downloaded more than 365 million times, announced today that the companies have closed the transaction under which … SAN FRANCISCO - April 29, 2021 - Rollic, a subsidiary of Zynga Inc. , a global leader in interactive entertainment, announced today that it has recently closed its acquisition of... | April 30, 2021 Following the acquisition announcement, KeyBanc analyst Tyler Parker reiterated a Buy rating and a price target of $13.50 on the stock. 1 Reason Take-Two Is a Better Growth Stock Than Activision Blizzard. 27, 2021, 09:57 AM. This mobile video gaming specialist expects to hit $2.7 billion in full-year revenue on the back of new releases such as Harry Potter: Puzzles & Spells and Star Wars: Hunters and tremendous growth from its advertising business. Shares of Zynga, the "Words With Friends" game maker, at last check were down 1.9% at $11.18. Job Purpose As Product Marketing Manager, you will play a key role in supporting the upcoming launch of FarmVille 3 and post-launch live ops marketing. Jun 04 / Zacks.com - Paid Partner Content. In June 2020, Zynga announced that it will buy Turkish developer Peak for $1.8 billion in its biggest ever acquisition. Jun. Zynga Inc. (ZNGA) is on the roll with an average volume of 14.75M in the recent 3 months. Morgan Stanley upped their price target on shares of Zynga from $12.00 to $13.00 and gave the company an overweight rating in a … ET on Motley Fool. Zynga has acquired Echtra Games for an undisclosed sum, the game developer announced on March 3. This means about 60% of the time, the target of the SPAC merger doesn’t end up going public, or at least hasn’t already (as of February 2021). So assuming there's a premium on top of that. Zynga beat those targets with $720 million. Zynga (NASDAQ: ZNGA) has come a long way since Farmville was its only hit mobile game. SAN FRANCISCO – May 5, 2021 – Zynga Inc. (Nasdaq: ZNGA) today released financial results for its first quarter ended March 31, 2021 by posting management’s Q1 2021 Quarterly Earnings Letter to its Investor Relations website. The Zynga Thesis: A strategic … Zynga Inc. (Nasdaq: ZNGA), a global leader in interactive entertainment, today announced it has entered into a … Zynga's 1Q 2021 financial performance was perceived favorably by sell-side analysts as evidenced by the increase in average target prices and the … The Zynga Thesis: A strategic … investchronicle 6/7/2021. Flip. The developer has previously released two … Rumor or not, Zynga’s strong balance sheet and large presence in social poker and slots games makes it a very attractive buyout target. Zynga has agreed to buy Istanbul-based Rollic, a fast-growing hypercasual mobile game company, as part of its latest effort to expand through acquisition.. The stock has since retreated down to $3.60 levels. Zynga (NASDAQ:ZNGA) is a leading provider of social game services with 240M average monthly active users over 175 countries. The deal is the fourth … Read more on seekingalpha.com. 5 days Could Zynga Be an Acquisition Target? Zynga has made a series of acquisitions over the past few years as the management has pursued a strategy relying on a mix of inorganic growth and strong in … Zynga announced today the acquisition of developer A Bit Lucky of San Mateo, California, for an undisclosed amount. This was a stock I'd been bullish on in the past, but I'm now struggling to be attracted to …. Zynga Inc. is a provider of social game services. Zynga. George Leopold. Slots, Words With Friends and Zynga Poker. Zynga-owned NaturalMotion is a sponsor at Pocket Gamer Connects London 2019, which takes place on January 21st to 22nd. Could Zynga Be an Acquisition Target? Zynga’s latest buyout comes hot on the heels of its acquisition of Chinese social gaming company XPD Media – a move which paved the way for Zynga to tap into the East Asian market. Consensus among analysts is that Zynga is a Strong Buy based on 15 Buys, 1 Hold, and 1 Sell. 15 Wall Street analysts have issued ratings and price targets for Zynga in the last 12 months. Could Zynga Be an Acquisition Target? Zynga has acquired 19 companies, including 7 in the last 5 years.. Zynga’s largest acquisition to date was in 2020, when it acquired Peak Oyun Yazilim ve Pazarlama AS for $1.8B.Zynga has acquired in 6 different US states, and 6 countries. That will be a huge acquisition for Take-Two. Zynga Stock Up 71% Since Coronavirus Crash. Job Purpose. Zynga Enters Agreement to Acquire Chartboost ... anticipate,” “believe,” “target,” “expect,” and statements in the future tense are generally forward-looking. Earlier in the session, it notched an eight-year … At this point, Zynga stock breached Wall Street’s average target price of $7.96. - Motley Fool - Market Insider. Zynga Completes Acquisition of Peak Effective as of July 1, 2020. To date, more than one billion people have played Zynga’s franchises including CSR Racing™, Empires & Puzzles™, Merge Dragons!™, Merge Magic!™, Toon Blast™, Toy Blast™, Words With Friends™ and Zynga Poker™. A SPAC merger, or Business Combination, is when a private company merges with a SPAC. Zynga: Unimpressive Cash Flows And Too Acquisitive (NASDAQ:ZNGA) Share. On a Fool Live episode recorded on May 12, Fool contributors Toby Bordelon and Brian Withers cover the company's recent stellar results and discuss whether Zynga … Glu Mobile Is A Potentially Lucrative Acquisition Target. Zynga announced today the acquisition of developer A Bit Lucky of San Mateo, California, for an undisclosed amount. On the stock market today, Zynga stock rose 5.6% to 9.66. The Peak acquisition will cost $900 million in cash and $900 million in Zynga stock for a total of $1.8 billion. With its recent success, this gaming company is more valuable than ever. Zynga has come a long way since Farmville was its only hit mobile game. Zynga on ad tracking changes, acquisitions and … The partnership to … The revised 2020 forecast does not include any contribution from the Peak acquisition. Gibeau said that the 2018 acquisitions of Small Giant Games (maker of Empires & Puzzles) and Gram Games(maker of Merge Dragons and Merge Magic) continued to pay off, and the addition of Peak Games brought an estimated 26 million new monthly users to Zynga. Jun 12 / MotleyFool.com - Paid Partner Content. Analysts had expected Zynga to report bookings of $686 million in the quarter, while Zynga itself guided to $680 million. Terms of the transaction were not disclosed. With Glu (ticker: GLUU) all but sold to EA (EA), it’s possible investors are contemplating the 36% premium EA agreed to pay for Glu … The Zynga Analyst: Ryan Gee upgraded Zynga from Neutral to Buy and raised the price target from $12 to $13.50. *The average price target includes all analyst analysis, not just the most recent analysis presented in the chart. Zynga Inc. provides social game services in the United States and internationally. At a recent $9.21, Zynga is … Zynga (NASDAQ: ZNGA) has come a long way since Farmville was its only hit mobile game. The Zynga Analyst: Gerrick Johnson initiated coverage of Zynga with an Outperform rating and a price target of $15. Slots, Words With Friends and Zynga Poker. Could Zynga Be an Acquisition Target? You'll identify target audiences, develop creative and messaging then execute on … The Zynga Thesis: The company is … SAN FRANCISCO -- (BUSINESS WIRE)--Jul. Zynga stated that the deal comprised $900 million in cash, and $900 million in Zynga stock, with the acquisition expected to close in the third quarter of 2020. Zynga (ZNGA) Down 2.9% Since Last Earnings Report: Can It Rebound? The final upfront transaction consideration will also include customary closing adjustments and is expected to close in the third quarter of 2021. Kenneth Cole is trying on some high heels for size–through a game by global digital and online entertainment leader Zynga ZNGA +2.8%, that is. Zynga completes its acquisition of hyper-casual game maker Rollic Zynga announced in August that it would be acquiring Istanbul-based Rollic, developer and publisher of hyper-casual … The developer has previously released two … One of the latest upgrades, by Bank of America, set the price target at $13.50 and all of the most recent price targets place Zynga higher than its current trading price. Visit the PGC website for more details on the event. On Tuesday, Lu upgraded shares of Zynga (ticker: ZNGA) to Overweight and raised his price target Tuesday to $12 from $9.50. Could Zynga Be an Acquisition Target? Zynga Inc develops, markets, and operates social games as live services in the United States and internationally. The company's games are played on mobile platforms, such as Apple iOS and Google's Android operating systems, as well as on social networking sites, such as Facebook. The San Francisco-based Zynga … Zynga to Update Full Year 2020 Guidance when Reporting Q2 2020 Financial Results on August 5, 2020. Zynga’s stock popped as high as $4.50 last month after a rumor went around that it was a potential acquisition target. Zynga now an acquisition target, says analyst Jesse Divnich says slumping stock should be attracting interest, suggests Facebook as a possible suitor ... as Zynga’s competitors now go on their own acquisition binges. Could Zynga Be an Acquisition Target? SPACS Currently Seeking Targets. Jun 12 / MotleyFool.com - Paid Partner Content. Could Zynga Be an Acquisition Target? The company cited its focus on the move to mobile and Natural Motion's technology as a main driver for the acquisition. The high price target for ZNGA is $15.00 and the low price target for ZNGA is $9.00. Analysts at BofA Securities have raised their rating and price target on Zynga following a better-than-expected first-quarter earnings report, but the important kicker was an ad-tech acquisition. Zynga's games are available on a number of global platforms, including Facebook, Zynga.com, Google+, Tencent, Apple iOS and Google Android. This mobile video gaming specialist expects to hit $2.7 billion in full-year revenue on the back of new releases such as Harry Potter: Puzzles & … Investors are worried Bill Ackman's SPAC is struggling to find an acquisition target. 12, 2021 at 7:02 a.m. Zynga (NASDAQ:ZNGA) has come a long way since Farmville was its only hit … On the stock market today, Zynga … Zynga has acquired 19 companies, including 7 in the last 5 years.. Zynga’s largest acquisition to date was in 2020, when it acquired Peak Oyun Yazilim ve Pazarlama AS for $1.8B.Zynga has acquired in 6 different US states, and 6 countries. ... Credit Suisse reiterated its Underperform rating but still raised its target … Zynga is a global leader in interactive entertainment with a mission to connect the world through games. Zynga has announced an acquisition, and the stock may finally be trying to break out above $10. Wedbush Securities likes the deal and chooses to disregard Zynga’s 2020 guidance. - Nasdaq nasdaq.com - June 12 at 9:41 AM: Could Zynga Be an Acquisition Target? Stock analysis for Facebook Inc (FB:NASDAQ GS) including stock price, stock chart, company news, key statistics, fundamentals and company profile. The de-SPAC Process. Chris Cunningham, an investor and founder of C2 Ventures, said that Kargo's scale and lack of funding makes it an attractive acquisition target. Could Zynga Be an Acquisition Target? Zynga (NASDAQ:ZNGA) has come a long way since Farmville was its only hit mobile game. ZYNGA ANNOUNCES FIRST QUARTER 2021 FINANCIAL RESULTS. Zynga stock advanced 3.1% to $11.36 in afternoon trading. Zynga will acquire 100% of Chartboost for approximately $250 million in cash. Zynga shares rose on Monday after BMO initiated coverage of the "Words With Friends" game maker with a buy rating and a $15 price target. Natasha Dailey. Qubole is Latest Acquisition Target. Zynga’s latest buyout comes hot on the heels of its acquisition of Chinese social gaming company XPD Media – a move which paved the way for Zynga to tap into the East Asian market. Zynga (NASDAQ: ZNGA) has come a long way since Farmville was its only hit mobile game. The consolidation in the hot, mobile social gaming sector finally hit the mainstream financial press when a deal closed in this space for over $1 billion. Acquisition Expected to Close in the Third Quarter of 2021. The high price target for ZNGA is $9.00 and the low price target for ZNGA is $6.00. There are currently 4 hold ratings and 11 buy ratings for the stock, resulting in a consensus rating of "Buy." The chart below shows how a company's share price and consensus price target have changed over time. KeyBanc sees 'merit' in rumored Tencent deal for Zynga. The Motley Fool - With its recent success, this gaming company is more valuable than ever. The firm’s Michael Pachter reiterated an Outperform rating and raised his target … Analysts at BofA Securities have raised their rating and price target on Zynga following a better-than-expected first-quarter earnings report, but the important kicker was an ad-tech acquisition. Lowest: 6.00 Median: 10.58 Highest: 15.00. 5 days ago - The Motley Fool. 05/05/21 Zynga to acquire Chartboost for $250M in cash 03/03/21 Zynga CEO sells 500K shares of common stock 03/03/21 Zynga acquires Echtra Games, terms undisclosed Zynga (NASDAQ: ZNGA) has come a long way since Farmville was its only hit mobile game.
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