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Zynga Inc. (ZNGA) [hlAlert]

Rating:
Buy ZNGA
down 11.35 %

Zynga Inc. (ZNGA) rated Buy with price target $3.50 by Needham

Posted on: Thursday,  May 7, 2015  8:25 AM ET by Needham

Needham rated Buy Zynga Inc. (NASDAQ: ZNGA) on 05/07/2015, when the stock price was $2.73. Since
then, Zynga Inc. has lost 11.36% as of 08/27/2015's recent price of $2.42.
If you would have followed this Needham's recommendation on ZNGA, you would have lost 11.35% of your investment in 112 days.

Zynga lets wannabe mob bosses, farmers, and poker champs get their game on. The company is a leading social game developer with titles such as Mafia Wars, FarmVille, Caf? World, and Zynga Poker. It offers the games online for free through social networking sites Facebook, Myspace, and Yahoo!. They can also be downloaded onto Apple's iPhones and myriad mobile devices based on Google's Android platform. The company makes money by selling advertising consisting of branded virtual goods, sponsorships, and engagement ads via credit card and PayPal to users within the games. Zynga is owned by CEO Mark Pincus, who founded the company in 2007 and named it after his late dog Zinga. The company filed for an IPO in 2011.

Needham & Company, LLC focuses on emerging growth companies in technology, biotechnology and life sciences. The firm's research goal is to service the needs of growth-oriented institutional clients. Needham & Company has established itself as a premier specialty investment bank providing timely and valuable analysis on companies that are under-covered by the majority of Wall Street firms.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/7/2015 8:25 AM Buy
None
2.73 3.50
as of 8/27/2015
1 Week down  -8.33 %
1 Month down  -18.24 %
3 Months down  -20.65 %
1 YTD down  -11.35 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/7/2014 8:25 AM Buy
None
2.65 3.25
7/26/2013 8:25 AM Hold
None
3.01
10/25/2012 8:25 AM Buy
None
2.38 4.00
4/19/2012 8:25 AM Hold
None
10.18
3/23/2012 8:25 AM Sell
None
13.40

(*) Stock Price at the time of the recommendation.
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