5 Most Active Stocks To Buy Now

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1. Zynga Inc. (NASDAQ:ZNGA)

Number of Hedge Fund Holders: 47

Volume as of May 11: 62.2 million

Zynga Inc. (NASDAQ:ZNGA) was founded in 2007 and is headquartered in San Francisco, California. The company operates as a developer of social games in the United States and internationally. Zynga Inc. (NASDAQ:ZNGA) is one of the most actively traded stocks as of May 11, with a volume of 62.2 million. 

Zynga Inc. (NASDAQ:ZNGA) reported on May 9 earnings for the first fiscal quarter of 2022. The company announced an EPS of $0.09, beating estimates by $0.01. The $691.20 million revenue fell short of analysts’ predictions by $38.88 million. 

On April 19, Goldman Sachs analyst Eric Sheridan assumed coverage of Zynga Inc. (NASDAQ:ZNGA) with a Not Rated rating. The analyst assumed coverage of 10 companies in the interactive entertainment sector.

According to Insider Monkey’s Q4 data, 47 hedge funds were bullish on Zynga Inc. (NASDAQ:ZNGA), compared to 52 funds in the earlier quarter. Ric Dillon’s Diamond Hill Capital held the biggest stake in the company, with 25.3 million shares worth over $162 million. 

Here is what ClearBridge Mid Cap Growth Strategy has to say about Zynga Inc. (NASDAQ:ZNGA) in its Q3 2021 investor letter:

“A handful of our rapid growers hit tough earnings comparisons over the summer after experiencing a surge in demand in the second quarter of 2020 as companies moved to remote work and consumers were confined to their homes. Zynga, which develops games played on social and mobile platforms, experienced a significant uptick in new customers last year but has not seen as much retention and gaming usage as the economy has reopened.”

You can also take a look at 10 Fertilizer Stocks to Buy Today and 10 Commodity Dividend Stocks With Over 4% Yield

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