Why Zynga failed?

Why did Zynga drop

[Updated: 9/22/2021] ZNGA Stock Decline

Despite the recent acquisition of Rollic, the earnings were well short of our estimates, and there are rising concerns if Zynga can seen a meaningful earnings expansion over the coming years, something which the company has delivered in the past.

What is going to happen to Zynga

Take-Two Interactive has officially acquired social and mobile gaming company Zynga. The $12.7 billion acquisition, announced in January, was completed Monday. The combined company will bring a new slate of popular games to Take-Two, including Zynga's Farmville, Words with Friends and Zynga Poker.

Is Zynga losing money

2020 saw a net loss of $429 million, the largest in company history. The year before that, Zynga posted $42 million in profits, but that's only because it sold its San Francisco headquarters for $600 million that year.

Why is Zynga not trading

Shares of Zynga will stop trading after the market close Friday, May 20, and will delist from Nasdaq. Zynga stock (ZNGA) is up 1.1% to $8.55. The terms of the merger deal mean that Zynga stockholders will be entitled at closing to $3.50 in cash and 0.0406 shares of Take-Two common stock for each share of Zynga owned.

Is Zynga doing well

If the only criterion considered for acquiring Zynga was its revenue growth history, then Take-Two most probably did well. The annual revenue growth of Zynga for 2019-2021 was consistently above 40%.

Is Zynga a Russian company

Zynga Inc. (/ˈzɪŋɡə/) is an American developer running social video game services. It was founded in April 2007, with headquarters in San Mateo, California.

Who owns Zynga now

Take-Two InteractiveZynga / Parent organization

Take-Two Interactive announced in January 2022 its intent to buy Zynga for $12.7 billion. The deal was completed in May 2022. According to Take-Two Interactive, about 10% of the world's population plays Zynga's games every month.

Is Zynga a buy sell or hold

Hold

Zynga's analyst rating consensus is a Hold. This is based on the ratings of 9 Wall Streets Analysts.

Who is Zynga competitor

Zynga main competitors are Reddit, Unity Technologies, and Scopely.

Did Microsoft buy Zynga

Zynga, known for successful franchises such as Farmville and Zynga Poker, has a significant footprint in mobile gaming. However, despite Microsoft's willingness and considerable effort put into a potential deal, Zynga was ultimately acquired by Take-Two Interactive for a record-breaking $12.7 billion in 2022.

Will Zynga stock go up

Average Price Target

Based on 9 Wall Street analysts offering 12 month price targets for Zynga in the last 3 months. The average price target is $8.92 with a high forecast of $10.00 and a low forecast of $7.80.

Who owns Zynga

Take-Two InteractiveZynga / Parent organization

Take-Two Interactive owns Zynga.

Zynga is an American developer running social video game services founded in 2007 by Mark Pincus, Eric Schiermeyer, Justin Waldron, Michael Luxton, Steve Schoettler, and Andrew Trader.

Is Zynga a good buy

In fact, the $11 estimate as per average of analyst forecasts, reflects an even larger 73% upside from the current levels, clearly pointing that ZNGA stock is undervalued currently, and investors can use the current dip as a buying opportunity for strong gains in the long term.

What will Zynga stock be worth

Zynga Inc Valuation

Low	Estimated	High
8.18	8.18	8.18