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TheStreet Open House

Zynga, Home Depot: After-Hours Trading

NEW YORK ( TheStreet) -- Shares of Zynga (ZNGA) ticked down in late trades Friday after the social media gaming company confirmed reports that it's mulling entrance into the online gambling market.

The stock jumped 6.6% to $9.09 in the regular session as following initial reports of its interest Friday morning. In after-hours action, the shares were last quoted at $9.08, down a penny, on volume of more than 750,000, according to Nasdaq.com.

The Associated Press said late Friday that Zynga, whose games include FarmVille and Mafia Wars, had confirmed it's speaking with potential partners "to better understand and explore" the online gambling market.

Zynga went public a little more than a month ago, selling 100 million shares at $10 each, and it ran as high as $11.50 in its first day of trading on Dec. 16 but it hasn't peeked above $10 since that date.

Wall Street is split down the middle on the stock with the 10 analysts covering Zynga divided between 5 bulls (2 strong buys and 3 buys) and 5 bears (4 holds and 1 underperform). The median 12-month price target sits at $11.50.

Check out TheStreet's quote page for Zynga for year-to-date share performance, analyst ratings, earnings estimates and much more.

Home Depot

Shares of Home Depot (HD) were flat at $44.51 after the bell, despite more than 215,000 shares changing hands. The Dow component announced after the close that it has agreed to acquire Redbeacon, an online service that connects contractors with consumers.

Financial terms of the deal weren't disclosed. Home Depot was one of the bigger decliners in the Dow Jones Industrial Average on Friday, losing 2%. Year-to-date, the stock is up a healthy 8%.

The Atlanta-based home improvement products retailer is slated to report its fiscal fourth-quarter results on Feb. 21, and the average estimate of analysts polled by Thomson Reuters is for earnings of 41 cents a share in the December-ended period on revenue of $15.46 billion.

Check out TheStreet's quote page for Home Depot for year-to-date share performance, analyst ratings, earnings estimates and much more.

-- Written by Michael Baron in New York.



>To contact the writer of this article, click here: Michael Baron.

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

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