ZNGA - Zynga Inc.

NasdaqGS - NasdaqGS Real-time price. Currency in USD
6.29
+0.06 (+0.96%)
At close: 4:00PM EDT

6.32 +0.03 (0.48%)
After hours: 5:38PM EDT

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Previous close6.23
Open6.25
Bid6.28 x 34100
Ask6.32 x 42300
Day's range6.22 - 6.35
52-week range3.32 - 6.65
Volume16,323,388
Avg. volume19,025,065
Market cap5.913B
Beta (3Y monthly)0.19
PE ratio (TTM)N/A
EPS (TTM)-0.20
Earnings date29 Oct 2019
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target est7.36
Trade prices are not sourced from all markets
  • Zynga (ZNGA) Stock Moves -0.16%: What You Should Know
    Zacks

    Zynga (ZNGA) Stock Moves -0.16%: What You Should Know

    In the latest trading session, Zynga (ZNGA) closed at $6.23, marking a -0.16% move from the previous day.

  • Business Wire

    Zynga to Discuss Third Quarter 2019 Financial Results on October 30, 2019

    Zynga Inc. today announced it will report its third quarter 2019 financial results on Wednesday, October 30, 2019, at approximately 1:05 p.m. Pacific Time .

  • PENN vs. ZNGA: Which Stock Is the Better Value Option?
    Zacks

    PENN vs. ZNGA: Which Stock Is the Better Value Option?

    PENN vs. ZNGA: Which Stock Is the Better Value Option?

  • A Prenup Is the Latest Must-Have for Tech Startup Founders in Love
    Bloomberg

    A Prenup Is the Latest Must-Have for Tech Startup Founders in Love

    (Bloomberg) -- The young woman in Monica Mazzei’s San Francisco law office was adamant: She wanted a prenuptial agreement.Never mind that the client had barely anything to her name. What she had was a bunch of startup ideas. She and her fiancé, who already had his own small tech company, signed a prenup with clear terms, Mazzei said: “The spouse who has an idea [and] starts a business ‘owns’ that business. It’s their baby.”A few years later, Mazzei, a partner at Sideman Bancroft, was traveling through the San Francisco airport when she saw her former client on a magazine cover. Her startup had struck gold. Her husband’s business had fizzled.In Silicon Valley, where penniless programmers fervently believe their ideas are worth billions, getting rich can take priority over getting married. California law assumes that any wealth created during a marriage is community property, which should be split equally in a divorce. That’s alarming not just for young entrepreneurs but also their investors.Divorce HavocFortunately, a well-written prenup is a safeguard against post-divorce havoc, which is why more and more young couples are insisting on the agreements, according to more than half-a-dozen lawyers in the Bay Area and elsewhere. Long popular with older wealthy couples who re-marry, prenups are also being demanded by entrepreneurs who want to keep future windfalls to themselves.“I am seeing more and more young people want to enter into prenuptial agreements who do not currently have a lot of money now but plan to have a lot of money someday,” said Manhattan-based divorce attorney Jacqueline Newman.In a 2016 survey by the American Academy of Matrimonial Lawyers, 3 in 5 divorce attorneys said more clients were seeking prenups in the past three years. About half said they’d seen a spike in the number of millennials requesting the agreements.“People’s concepts and notions of fairness when it comes to privately held businesses are changing,” said Mazzei, adding she’s seen “a tremendous increase” in prenups in the past eight years. “They feel that even if they’re married, this is their passion. The agreement should be reflective of that.”‘It’s Complicated’Today’s startup founders have plenty of prenup-writing forebears to emulate. Google co-founder Sergey Brin and Anne Wojcicki, who helped found personal genomics company 23andMe, had a prenup when they married in 2007. After they divorced with little fanfare in 2015, his stake in Google remained unchanged.“It’s complicated -- that’s all I can say,” Wojcicki told Bloomberg TV about the split.Oracle Corp.’s Larry Ellison has been married and divorced multiple times, but none affected his stake in the software company. Ellison is the seventh-richest person in the world with a net worth of $59.8 billion, according to the Bloomberg Billionaires Index.Still, a prenup hardly guarantees a smooth divorce. Judges can and do throw out the agreements, especially if they’re drafted poorly. “If you don’t put in the right language, a lot of prenups don’t do the job,” said Lowell Sucherman, a divorce attorney at Sucherman Insalaco in San Francisco.In 2017, One Kings Lane co-founder Alison Gelb Pincus, wife of Zynga Inc. founder Mark Pincus, challenged their premarital agreement in court while the couple was getting a divorce, according to a court filing. It’s unclear whether she prevailed as final terms of the divorce aren’t public.While venture capital firms don’t explicitly require prenups, they do demand legal language protecting their investments in the event a divorce court hands a chunk of a founder’s shares to an ex-spouse. So do other co-founders.Founders’ Control“Founders have wanted to ensure that someone else can’t suddenly come in and obtain some sort of founders’ control,” said Par-Jorgen Parson, a partner at venture capital firm Northzone, who has served on the board of Spotify Technology SA. “It’s just as often driven by the founders as by external investors. You don’t want to rock the balance of power.”Venture capital firms often demand that founders’ husbands and wives sign “spousal consent” forms. Such agreements determine who gets to vote for board members, and how and when shares can be sold. In the event of a divorce settlement (or death or disability), a founders’ spouse might end up with company shares. But, the agreements ensure that an ex can’t exercise much, if any, control over the company post-divorce.“We’re trying to make sure that people don’t become involuntary business partners with someone they don’t know, don’t like or who aren’t qualified,” said James Ficenec, a partner at Newmeyer & Dillion in Walnut Creek, California.Divorcing founders will often do anything to avoid handing over half of their shares in their startup.‘Keeping More’“Founders will try to negotiate keeping more of their shares,” said Michael Gorback, a partner at Hanson Bridgett. “You might balance it out some other way,” by paying exes in cash, a home or other investments.MacKenzie Bezos and Amazon.com Inc. founder Jeff Bezos divorced earlier this year, leaving her with a 4% stake and a net worth of $34.6 billion, according to the Bloomberg index. He kept 75% of the couple’s Amazon shares, and retains voting control of those she does hold.Amazon’s stock, of course, is publicly traded, which can make divorce negotiations easier.“One issue we come across very often is, ‘How do you value a startup?’” Mazzei said. Years before an initial public offering, a startup might have no profits or even revenue to speak of. A promising company could later go under -- or eventually be worth billions.Trust, CredibilityIn a divorce, “it can be quite difficult when you have a large asset that is illiquid,” said Lyssa Grimaldo, a wealth manager at San Francisco-based Wetherby Asset Management and a certified divorce financial analyst. Adding to the problem, she said: “One partner knows more about that asset than the other.”With enough billable hours, lawyers can usually sort out the legal ramifications of divorce. They’re less helpful in containing the chaos that a founder’s marital problems might create in the workplace or business relationships.“We have companies where the founder is the brand, and trust and credibility are core to the business,” said Ed Zimmerman, partner and chair of the tech group at Lowenstein Sandler in New York. “If you are investing in a company because you think the founder is amazing,” it can be alarming to learn that he or she is facing the distraction of an acrimonious divorce or custody battle, he said.If a divorce isn’t disclosed to key investors, they can lose trust in a founder who they thought they knew well. Then there’s sometimes other nasty fallout, of the sort that companies are increasingly sensitive to in the metoo era.“It would be great if we lived in a world where people who had marital problems didn’t manifest those problems by hitting on or dating people who worked at their company,” Zimmerman said. “Those kinds of things tend to be more problematic than who gets the shares.”(Updates with adviser’s comment in 23rd paragraph.)To contact the reporters on this story: Ben Steverman in New York at bsteverman@bloomberg.net;Anders Melin in New York at amelin3@bloomberg.netTo contact the editors responsible for this story: Pierre Paulden at ppaulden@bloomberg.net, Steven Crabill, Peter EichenbaumFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Electronic Arts' New Release FIFA 20 Becomes an Instant Hit
    Zacks

    Electronic Arts' New Release FIFA 20 Becomes an Instant Hit

    Electronic Arts' (EA) position in the video gaming market is likely to increase with the successful launch of FIFA 20.

  • Words With Friends Activates Breast Cancer Awareness Month With Social Campaign #WordsWithHope
    Business Wire

    Words With Friends Activates Breast Cancer Awareness Month With Social Campaign #WordsWithHope

    Hit Mobile Game Begins Month-Long Initiative Spotlighting the Power of Words and Community in the Battle Against Breast Cancer

  • Electronic Arts Expands Gaming Portfolio with FIFA 20 Release
    Zacks

    Electronic Arts Expands Gaming Portfolio with FIFA 20 Release

    Electronic Arts' (EA) newly released FIFA 20 is expected to boost portfolio strength despite intensifying competition.

  • The Zacks Analyst Blog Highlights: Activision Blizzard, Electronic Arts, Take-Two Interactive and Zynga
    Zacks

    The Zacks Analyst Blog Highlights: Activision Blizzard, Electronic Arts, Take-Two Interactive and Zynga

    The Zacks Analyst Blog Highlights: Activision Blizzard, Electronic Arts, Take-Two Interactive and Zynga

  • Mobile Game Dominance War Intensifies: ATVI & Others to Watch
    Zacks

    Mobile Game Dominance War Intensifies: ATVI & Others to Watch

    Activision Blizzard's (ATVI) upcoming Call of Duty: Mobile is expected to provide it a competitive edge in the crowded mobile games space.

  • Count on These 3 Video Game Stocks for Superb Gains
    Zacks

    Count on These 3 Video Game Stocks for Superb Gains

    This is an opportune moment to grab video game stocks as new releases this fall could be game changers in boosting revenues.

  • Zynga (ZNGA) Boosts Gaming Lineup with Merge Magic! Launch
    Zacks

    Zynga (ZNGA) Boosts Gaming Lineup with Merge Magic! Launch

    Zynga (ZNGA) is expected to benefit from portfolio strength following the launch of Merge Magic! amid intensifying competition.

  • Zynga Launches Spellbinding New Puzzle Adventure Game Merge Magic!
    Business Wire

    Zynga Launches Spellbinding New Puzzle Adventure Game Merge Magic!

    Zynga Inc. (ZNGA), a global leader in interactive entertainment, today announced the worldwide launch of Merge Magic! - a brand new adventure puzzle game where players can lift the curse on mysterious new worlds by merging various creatures and by matching new items to win rewards that enable them to unlock enchanting new surprises along the way. Merge Magic! is developed by Gram Games, the studio behind global hits like Merge Dragons!, 1010! and Six!. “We wanted to create a new puzzle game where players can merge anything together to create unique mythical creatures that no one has ever seen before,” said Eren Yanik, Chief Product Officer of Gram Games.

  • Business Wire

    Zynga to Present at the Goldman Sachs Communacopia Conference

    Zynga Inc. , a global leader in interactive entertainment, announced today that its Chief Executive Officer Frank Gibeau will present at the following upcoming investor conference.

  • Zynga Poker Partners with Actor, Comedian and Card Shark Brad Garrett for ‘Celebrity Home Game’ Sweepstakes Event, Benefiting Maximum Hope Foundation
    Business Wire

    Zynga Poker Partners with Actor, Comedian and Card Shark Brad Garrett for ‘Celebrity Home Game’ Sweepstakes Event, Benefiting Maximum Hope Foundation

    Today, Zynga Inc. (ZNGA), a global leader in interactive entertainment, announced that Zynga Poker, the world’s largest free-to-play mobile poker game, is partnering with three-time Emmy Award winning actor and Everybody Loves Raymond alum, comedian and star of the ABC comedy, Single Parents, Brad Garrett for a special ‘Celebrity Home Game’ sweepstakes event. Starting today, players can earn sweepstakes entries by completing Daily and Hot Streak challenges in Texas Hold ‘Em card games in Zynga Poker. Following a two-week contest period, semi-finalists will be asked to submit a one-minute video comedy audition to be judged by the comic himself, Brad Garrett.

  • Zynga (ZNGA) Stock Sinks As Market Gains: What You Should Know
    Zacks

    Zynga (ZNGA) Stock Sinks As Market Gains: What You Should Know

    In the latest trading session, Zynga (ZNGA) closed at $5.72, marking a -0.35% move from the previous day.

  • Can Snap Generate $350 Million in Annual Gaming Revenue by 2022?
    Motley Fool

    Can Snap Generate $350 Million in Annual Gaming Revenue by 2022?

    The company's new gaming business could become its new growth engine.

  • Why Zynga Inc.'s (NASDAQ:ZNGA) CEO Pay Matters To You
    Simply Wall St.

    Why Zynga Inc.'s (NASDAQ:ZNGA) CEO Pay Matters To You

    Frank Gibeau has been the CEO of Zynga Inc. (NASDAQ:ZNGA) since 2016. This analysis aims first to contrast CEO...

  • Wedbush Doubles Down on Zynga
    Motley Fool

    Wedbush Doubles Down on Zynga

    The analyst believes strong sales growth plus new games should equal better profits for Zynga going forward.

  • Stocks: Papa John's Soars in Premarket; J&J, Comcast, Zynga All Rise
    Investing.com

    Stocks: Papa John's Soars in Premarket; J&J, Comcast, Zynga All Rise

    Investing.com - Stocks in focus in premarket trading on Tuesday:

  • Investing.com

    Activision Jumps After it Launches WoW Classic

    Investing.com - Shares of Activision Blizzard (NASDAQ:ATVI) rose on Tuesday after the gaming company launched a classic version of its World of Warcraft to celebrate its 15-year anniversary.

  • Will Soft Calvin Klein Unit Mar PVH Corp's (PVH) Q2 Earnings?
    Zacks

    Will Soft Calvin Klein Unit Mar PVH Corp's (PVH) Q2 Earnings?

    PVH Corp's (PVH) soft Calvin Klein business along with adverse currency is likely to hurt second-quarter fiscal 2019 results. However, the Tommy Hilfiger brand strength might aid results.

  • PR Newswire

    The Stars Group Reports Second Quarter 2019 Results; Updates 2019 Full Year Guidance; Appoints New Independent Director

    TORONTO , Aug. 12, 2019 /PRNewswire/ --   The Stars Group Inc. (NASDAQ: TSG) (TSX: TSGI) today reported its financial results for the second quarter ended June 30, 2019 , provided updated 2019 full year ...

  • The Zacks Analyst Blog Highlights: Zynga, Sandstorm, Digital Turbine, New York Mortgage Trust and ADT
    Zacks

    The Zacks Analyst Blog Highlights: Zynga, Sandstorm, Digital Turbine, New York Mortgage Trust and ADT

    The Zacks Analyst Blog Highlights: Zynga, Sandstorm, Digital Turbine, New York Mortgage Trust and ADT

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