Will Zynga be delisted?

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.

What are the predictions for Zynga stock?

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. The highest analyst price target is $10.00 ,the lowest forecast is $7.80. The average price target represents N/A Increase from the current price of N/A.

How high can Zynga stock go?

If you are looking for stocks with good return, Zynga Inc can be a profitable investment option. Zynga Inc quote is equal to 8.180 USD at 2023-02-24. Based on our forecasts, a long-term increase is expected, the "ZNGA" stock price prognosis for 2027-05-21 is 13.617 USD.

Is Zynga still being sold?

Take-Two has completed its $12.7 billion acquisition of mobile games giant Zynga, the company announced on Monday. Under the terms of the merger agreement, Zynga shareholders received $3.50 in cash and 0.0406 shares of Take-Two common stock per share of Zynga common stock.

What is Zynga new stock symbol?

Zynga Inc (ZNGA) 20/05 -Real-time Data.

Stock Delisted. Good or Bad!? 🙁

What happens to Zynga stock holders?

Under the terms of the merger agreement, upon the closing of the transaction, Zynga will be combined with Take-Two on the terms set forth in the merger agreement and Zynga stockholders will be entitled to receive $3.50 in cash and 0.0406 shares of Take-Two common stock per share of Zynga common stock.

What is the date of the Zynga merger?

Zynga began trading on NASDAQ on December 16, 2011, under the ticker ZNGA. Take-Two Interactive announced in January 2022 its intent to buy Zynga for $12.7 billion. The deal was completed in May 2022.

Why is Zynga stock so low?

For perspective, Zynga was a market-beating investment in 2020, up 61%. But 2021's underperformance has caused Zynga stock to fall to levels not seen since May 2019. Because of this, its cumulative three-year returns are now losing to the market.

Should I invest in Zynga stock?

Zynga Financial Outlook

Analysts generally believe Zynga is underweight and its stock price target is estimated at a $12.00 value. Its price-to-sales ratio is over 33% lower than it was a year ago, but it's operating cash flow of $161 million last quarter is an 11 percent year-over-year increase.

When the Zynga deal is going to close?

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

Is Zynga doing well?

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.

Who is buying Zynga stock?

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

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.

Will Zynga pay dividends?

Zynga (ZNGA) does not pay a dividend.

What is the most successful stock predictor?

In this case, CAPE stands for cyclically-adjusted-price-to-earnings ratio. In fact, it's the world's best stock market predictor. No other forecasting method is approved by peer-reviewed economic science. Haven't heard of it?

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 would Take-Two buy Zynga?

Adding Zynga's stable of app developers is meant to help Take-Two roll out more smartphone versions of its popular titles. Zynga will also help Take-Two expand its revenue from so-called recurrent consumer spending, in which players pay for new content and upgrades within games.

Is Zynga an acquisition target?

Acquirer: Take-Two Interactive Software, Inc. Target: Zynga Inc. Take-Two Interactive Software, Inc. (Nasdaq: WTOO) will acquire Zynga Inc.

Is Zynga a Russian company?

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

What happened to Zynga stock on Robinhood?

This stock is no longer active on Robinhood. Sign up for a Robinhood brokerage account to watch Zynga and buy and sell other stock and options commission-free. Other fees may apply. See Robinhood Financial's fee schedule to learn more.

How much did Zynga buyout share for?

The company announced Monday that it would acquire all outstanding shares of Zynga at $9.86 apiece, a 64% premium to Zynga's closing price Friday.

Did Microsoft buy Zynga?

Activision Blizzard met with a financial firm to work on topping Take-Two 's $12.7 billion acquisition of Zynga before agreeing to sell to Microsoft this weekend, according to a person familiar with the matter.

Where is Zynga moving to?

Zynga has designated a roughly 62,000-square-foot space it leases at 1200 Park Place in San Mateo as its new corporate headquarters.

How many people use Zynga?

In the first quarter of 2022, social gaming platform Zynga reported 209 million monthly active users of its mobile gaming portfolio.