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Zynga Struggles as Rival King.com Scores Big Hit

  +Follow August 22, 2013 8:48AM
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Online social gaming company, Zynga Inc. (ZNGA), may be on their last life. Without a hit game in recent years the company is falling far behind its competitors like King.com, makers of the latest gaming craze Candy Crush. With the rising popularity of King.com, Zynga is feeling the pressure to produce another hit game.

In mid-August Zynga company experienced a shake up after the resignation of chief operating officer David Ko. New CEO Don Mattrick also wrote in a memo to employees that Chief Technology Officer Cadir Lee and Chief People Officer Colleen McCreary are also leaving the company. Mattrick had found success running Microsoft’s division responsible for the Xbox video game console before being named CEO of Zynga on July 1.

Although the company has potential in the future with the growth of mobile application games, analysts still fear that Zynga faces a massive concentration risk. Janney Capital Market analysts have set the price target for the company’s share at $2.50. 

Zynga is the world’s largest developer of social games and made a name for itself with hit games such as Zynga Poker, Farmville, and Words with Friends. Despite the success of these games, the former gaming powerhouse failed to make an appearance on the current 10 top grossing games list on iTunes.

The Current 10 Top Grossing iPhone Games:

10. Megapolis by Social Quantum

In Megapolis players have the ability to create their own cities and build airports, hotels, railway stations, and more.

9. Kingdoms of Camelot: Battle for the North by Kabam

Another city building game that is set in the time of King Arthur. Players can join thousands of others to build their kingdom in Camelot.

8. Slots – Pharaoh’s Way by CERVO MEDIA GMBH

An easy to play casino slots game that is enjoyable for all ages.

7. Big Fish Casino – Free Slots by Big Fish Games, Inc

A free casino game app that allows users to play favorites such as Slots, Blackjack, Roulette, and Texas Hold’em.

6. The Simpson: Tapped Out by Electronic Arts (EA)

This city building game is based in Springfield, the home of the Simpsons. There are missions in the game that require you to help the Simpson family.

5. The Hobbit: Kingdoms of Middle-Earth by Kabam

Based off of J.R.R. Tolkien’s The Hobbit, this game allows players to build their own empires and interact with familiar characters such as Gandolf, Biblo, and Thorin.

4. Minecraft – Pocket Edition by Mojang

In Minecraft users have the ability to create their own worlds by placing blocks. There are endless possibilities and players can choose their own adventure.

3. Hay Day by Supercell

Hay Day allows players to manage their very own virtual farm. Users can make food with ingredients they produced and engage in trade with friends.

2. Clash of Clans by Supercell

A strategy combat game where users can build their own village, train an army, then battle with friends online.

1. Candy Crush Saga by King.com Limited

An addictive puzzle adventure game where players switch and match candy pieces to unlock over 300 levels

(image courtesy of Flickr)

Results for ZNGA
Marius Jackson
19 Apr 14 12:22:50
$ZNGA Do you think you should hold $AM $KORS $CLF #equity http://t.co/XfYtmsqB1e
Leonel Cannavo
19 Apr 14 11:17:08
$ZNGA Trader's Watch List: Zynga Inc. (NASDAQ:ZNGA), Renren Inc. (NYSE:RENN ... http://t.co/NGJamkLao3
Stock Herald
19 Apr 14 11:12:05
$ZNGA: Steven Cohen’s Point72 Asset Management lowers its stake in Zynga http://t.co/AaPH6o8UUj
Ansel Gonzalez
19 Apr 14 11:03:59
#Stocks to hold onto $HIG $ZNGA $ROC $TRLA #liquidity http://t.co/5f6eKqmbSh
Jonathan Morad
19 Apr 14 10:52:51
@alexwlin I think you will be late. Monday is a great opportunity before earnings!! $ZNGA
Online Gaming
19 Apr 14 10:48:04
RT @teapartymobile: Online Gaming Stocks Could Come To a Mobile Near You! http://t.co/FGzOP0fSek $ZNGA $CZR $BYD $MGM $WYNN $LVS & $MPEL $C…
Brian Medford
19 Apr 14 10:46:24
Online Gaming Stocks Could Come To a Mobile Near You! http://t.co/FGzOP0fSek $ZNGA $CZR $BYD $MGM $WYNN $LVS & $MPEL $CNTY $PNK $BYI
Informer
19 Apr 14 10:18:04
$ZNGA: Steven Cohen’s Point72 Asset Management lowers its stake in Zynga http://t.co/XRQDciXfeZ
Stock Herald
19 Apr 14 08:11:10
$ZNGA: Steven Cohen’s Point72 Asset Management lowers its stake in Zynga http://t.co/AaPH6o8UUj
Informer
19 Apr 14 07:05:34
$ZNGA: Steven Cohen’s Point72 Asset Management lowers its stake in Zynga http://t.co/XRQDciXfeZ
chartguy89
19 Apr 14 06:28:36
ZNGA 4.289 Stock Charts $ZNGA Zynga Inc. Cl A (NASDAQ) ZNGA Stock Chart - 1 Month http://bigcharts.marketwatch http://t.co/Zqx5fiNJHJ
GavinGreenberg
19 Apr 14 06:08:06
$ZNGA: Steven Cohen’s Point72 Asset Management lowers its stake in Zynga http://t.co/kXOMu2LlEm
Phil Perry
19 Apr 14 05:16:35
Surprise face "@TheStreet: Zynga, Struggling To Remain Relevant, Turns Back To #Farmville http://t.co/rRBtkmR5E7 $ZNGA"
Stock Herald
19 Apr 14 05:07:06
$ZNGA: Steven Cohen’s Point72 Asset Management lowers its stake in Zynga http://t.co/AaPH6o8UUj
Rajan Soni
19 Apr 14 04:31:01
RT @TheStreet: Zynga, Struggling To Remain Relevant, Turns Back To #Farmville http://t.co/dosAbQmpQZ $ZNGA
mpilo mhlongo
19 Apr 14 04:28:22
RT @TheStreet: Zynga, Struggling To Remain Relevant, Turns Back To #Farmville http://t.co/dosAbQmpQZ $ZNGA
TheStreet
19 Apr 14 04:28:04
Zynga, Struggling To Remain Relevant, Turns Back To #Farmville http://t.co/dosAbQmpQZ $ZNGA
Informer
19 Apr 14 04:06:05
$ZNGA: Steven Cohen’s Point72 Asset Management lowers its stake in Zynga http://t.co/XRQDciXfeZ
KH
19 Apr 14 03:28:25
@firstadopter time to cover the $znga short. Farmville 2 now #3 on the IOS chart! Wow.
KH
19 Apr 14 03:22:55
@akrejcik maybe b/c your ebitda run rates are wrong?? $znga on the up rise while $king is in decline....
GavinGreenberg
19 Apr 14 03:06:36
$ZNGA: Steven Cohen’s Point72 Asset Management lowers its stake in Zynga http://t.co/kXOMu2LlEm
Evener Investment
19 Apr 14 02:35:09
RT @EsauBrennanl: $ZNGA #Stock Market Reports on stocks like $INTA $CERN $AMZN #overvalued http://t.co/gInFqpO2Y4
Brice Latimer
19 Apr 14 02:11:14
$BAC Todays movers to research $BOH $ZNGA $LIVE #wallstreet http://t.co/MWoxOdeknF
Stock Herald
19 Apr 14 02:06:34
$ZNGA: Steven Cohen’s Point72 Asset Management lowers its stake in Zynga http://t.co/AaPH6o8UUj
Esau Brennanl
19 Apr 14 01:55:43
$ZNGA #Stock Market Reports on stocks like $INTA $CERN $AMZN #overvalued http://t.co/gInFqpO2Y4
WallStreet Pennies
19 Apr 14 01:48:05
Dollar$OnPennies: $ZNGA Gallery View http://t.co/gGCuQX96Kp
Informer
19 Apr 14 01:06:38
$ZNGA: Steven Cohen’s Point72 Asset Management lowers its stake in Zynga http://t.co/XRQDciXfeZ
J.Y.
19 Apr 14 01:06:06
RT @TheStreet: Zynga, Struggling To Remain Relevant, Turns Back To #Farmville http://t.co/Cb4Gq9riGL $ZNGA
GavinGreenberg
19 Apr 14 00:07:04
$ZNGA: Steven Cohen’s Point72 Asset Management lowers its stake in Zynga http://t.co/kXOMu2LlEm
Leonel Cannavo
18 Apr 14 23:32:05
$ZNGA Zynga Launches Mobile FarmVille http://t.co/LameWt3FN1
Stock Herald
18 Apr 14 23:08:07
$ZNGA: Steven Cohen’s Point72 Asset Management lowers its stake in Zynga http://t.co/AaPH6o8UUj
Travis Howard
18 Apr 14 22:51:24
Options activity watch $SPY $BAC $FB $GE $CSCO $MU $XLF $GE $QQQ $EEM $IWM $ZNGA $SIRI $MSFT $ITNC $PBR http://t.co/RNrSIrHV5f
Travis Howard
18 Apr 14 22:46:04
Put/call ratio $GE $ZNGA $SIRI $RAD $WU $IYR $BHI $XRX $IYR $WU $ARIA $ABT $CHK $BWP $M $DD $KMI http://t.co/K2GaGQveiu
Leonel Cannavo
18 Apr 14 22:31:04
$ZNGA Notable Movers – Zynga (NASDAQ:ZNGA), Sirius XM Holdings Inc. (NASDAQ ... http://t.co/etDsk6vJBs
Informer
18 Apr 14 22:06:05
$ZNGA: Steven Cohen’s Point72 Asset Management lowers its stake in Zynga http://t.co/XRQDciXfeZ
GavinGreenberg
18 Apr 14 21:06:03
$ZNGA: Steven Cohen’s Point72 Asset Management lowers its stake in Zynga http://t.co/kXOMu2LlEm
Stock Herald
18 Apr 14 20:06:36
$ZNGA: Steven Cohen’s Point72 Asset Management lowers its stake in Zynga http://t.co/AaPH6o8UUj
Leonel Cannavo
18 Apr 14 19:38:03
$ZNGA Mid Cap Recent Insider Selling: Zynga Inc (NASDAQ:ZNGA), Pandora Media Inc ... http://t.co/Jtk0gOq1jB
Jimmy
18 Apr 14 19:08:59
RT @StockSignaling: Visual Stock Comparison Tool: http://t.co/3gvJLENZtD : $GOGO $GDP $TWTR $CONN $GLUU $HIMX $TSL $BLOX $PANW $MDR $AA $LN…
Informer
18 Apr 14 19:07:04
$ZNGA: Steven Cohen’s Point72 Asset Management lowers its stake in Zynga http://t.co/XRQDciXfeZ
GavinGreenberg
18 Apr 14 18:06:04
$ZNGA: Steven Cohen’s Point72 Asset Management lowers its stake in Zynga http://t.co/kXOMu2LlEm
Teo Black
18 Apr 14 18:04:15
#Pennystock Research on $ADI $ZNGA $SEIC $PCLN Worth a look http://t.co/185JuHRpFV
Leonel Cannavo
18 Apr 14 17:38:11
$ZNGA R2R FRI: Zynga Launches Mobile FarmVille in Turnaround Attempt http://t.co/bxmjLjIPsD
Stock Herald
18 Apr 14 17:06:06
$ZNGA: Steven Cohen’s Point72 Asset Management lowers its stake in Zynga http://t.co/AaPH6o8UUj
Jonathan Morad
18 Apr 14 17:00:03
@GPK_Guy between $ZNGA or $FB
Donte Aldaine
18 Apr 14 16:38:29
$ADP It could be breaktout time on $HXL $ZNGA $TSLA #financialnews http://t.co/yCllm1tOUf
Leonel Cannavo
18 Apr 14 16:11:05
$ZNGA Insider Selling: Zynga VP Unloads 2951 Shares of Stock (ZNGA) http://t.co/GviIaTXuGW
Informer
18 Apr 14 16:06:34
$ZNGA: Steven Cohen’s Point72 Asset Management lowers its stake in Zynga http://t.co/XRQDciXfeZ
Leonel Cannavo
18 Apr 14 16:00:04
$ZNGA Zynga Launches Mobile FarmVille http://t.co/GgQ4v0JN77
Patrick campbell
18 Apr 14 15:30:11
RT @TheStreet: Zynga, Struggling To Remain Relevant, Turns Back To #Farmville http://t.co/Cb4Gq9riGL $ZNGA
				
				
  +Follow August 22, 2013 8:48AM
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