Zynga (NASDAQ:ZNGA) Adds 2% After Hours – Names New CFO

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Zynga (NASDAQ:ZNGA) is higher in late trading after the provider of social game services said that it has appointed David Lee as chief financial officer and chief accounting officer effective April 14, 2014.

Shares are up 1.72% at $4.14, with a 52-week range of $2.50 – $5.89. Lee takes over the positions from Mark Vranesh, who has resigned but will remain for a month to ensure a seamless transition. Lee was most recently senior vice president for enterprise finance at Best Buy (NYSE:BBY).

Analysts have a consensus price target of $4.44 on Zynga Inc (NASDAQ:ZNGA) which indicates a 9% upside. The consensus rating of the stock is a HOLD with a score of 1.94. There are currently 11 Hold Ratings and 2 Buy ratings and 3 Sell ratings on the stock.

The most recent analyst action consisted of Zacks downgrading the stock from Outperform to Neutral. Zacks has a $5.40 price target on the stock.

 

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