Why is Zynga losing money?

Zynga's stock dropped soon after the report also identified a softening mobile market, user privacy concerns and a loss of players as COVID-19 restrictions ease up. Still, according to CEO Frank Gibeau, the course that brought Zynga back from its death watch is one worth keeping.

What is going to 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.

Why does Zynga stock keep dropping?

While second-quarter revenue was up 59% year over year, this was slower than the previous quarter. Moreover, bookings dropped quarter over quarter. And because bookings represent future spending power among Zynga's users, investors didn't like this.

Is Zynga a good long-term investment?

Zynga's gross margin has been in long-term decline, losing an average of -2.6% per year. That's not inspiring. Zynga has a debt/equity ratio of 0.47 as per the latest quarter, which is not either bad or good. Zynga for the fiscal year 2021 reported higher long-term debt, lower short-term debt and lower cash.

Will Zynga stock recover?

Zynga Inc quote is equal to 8.180 USD at 2023-03-26. Based on our forecasts, a long-term increase is expected, the "ZNGA" stock price prognosis for 2027-05-21 is 13.617 USD. With a 5-year investment, the revenue is expected to be around +66.47%. Your current $100 investment may be up to $166.47 in 2028.

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Is Zynga a buy sell or hold?

Zynga Inc.

At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

How much will Zynga be worth?

The deal values Zynga at about $12.7 billion enterprise value.

Is Zynga stock Undervalued?

Furthermore, our forecast indicates that Zynga's valuation is $14 per share, which is 40% above the current market price of around $10, implying that ZNGA stock is undervalued at its current levels. Our interactive dashboard analysis on Zynga Pre-Earnings has additional details.

Why should I invest in Zynga?

They're connected to many mobile gaming companies. Now Zynga is connected to many mobile gaming companies. It only trades for 18 times forward earnings, that's incredible value stock in today's market. With this growing advertising business, I really think that it's a good long term value play right now.

Who are the largest shareholders of Zynga?

These institutions hold a total of 10,902,206 shares. Largest shareholders include Norges Bank, River & Mercantile Asset Management Llp, Impax Asset Management Group plc, Captrust Financial Advisors, and IFP Advisors, Inc.

Who is buying out Zynga?

Take-Two Interactive just made the biggest acquisition in the history of the video game industry, agreeing on Monday to buy arguably the most well-known name in social gaming, Zynga, for $12.7 billion.

Will Zynga be acquired?

Take-Two Interactive has officially acquired social and mobile gaming company Zynga. The $12.7 billion acquisition, announced in January, was completed Monday.

Who is buying Zynga stock?

Take-Two Interactive's Purchase of Zynga: What Investors Need to Know.

When the Zynga deal is going to close?

The deal will come to completion on Monday, May 23, 2022.

What happened to my Zynga stock on Robinhood?

This stock is no longer active on Robinhood.

Will Zynga pay dividends?

Zynga (ZNGA) does not pay a dividend.

Is Zynga making money?

In 2021, social gaming company Zynga generated a total revenue of 2.8 billion U.S. dollars, it's highest annual result yet and a significant improvement from the 1.98 billion U.S. dollars in the previous year.

Has Zynga stock ever split?

Co.'s advertising services provide ways for marketers and advertisers to reach and engage with its players while allowing continued operation of a free-to-play business model. According to our ZNGA split history records, ZNGA has had 0 splits. To make the "Dividend Channel S.A.F.E.

Is Zynga a Russian company?

Zynga is a fast-growing San Francisco company whose online games include FarmVille, above, Café World and Mafia Wars.

Is Zynga part of the Metaverse?

Will Healy (Zynga): Interestingly, Zynga has long tied itself to the metaverse. It launched its IPO while benefiting from a special relationship with the company now known as Meta Platforms.

How high can Zynga stock go?

ZNGA Stock Forecast FAQ

Based on analyst ratings, Zynga's 12-month average price target is $8.92.

Why is Zynga being sued?

App maker Zynga agreed to a $12 million settlement to resolve class action lawsuit claims it operated illegal gambling schemes through mobile slot game apps.

What is the date of the Zynga merger?

Take-Two and Zynga will merge on May 23 in one the games industry's biggest ever deals.

Who is Zynga competitor?

Zynga's top competitors include Spyke Games, Jam City, and PlayStudios. Spyke Games is a mobile gaming company that develops casual games for mobile users, enabling users to access games and have thrilling experiences.

Does Facebook own Zynga?

Zynga is basically Facebook's outsourced games arm. Paradoxically, it might be good for the stock short-term, because Facebook is still private and owning Zynga is even more a proxy for owning Facebook, so investors could pile in.