Snail (NASDAQ:SNAL) Rating Lowered to Hold at Wall Street Zen

Snail (NASDAQ:SNAL) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday.

Several other equities analysts have also weighed in on SNAL. Zacks Research lowered Snail from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 7th. Noble Financial reissued an “outperform” rating on shares of Snail in a research report on Thursday, July 2nd. Finally, Weiss Ratings upgraded shares of Snail from a “sell (d-)” rating to a “sell (d)” rating in a report on Wednesday, May 27th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Snail Stock Performance

Shares of SNAL opened at $3.08 on Friday. Snail has a twelve month low of $1.70 and a twelve month high of $10.80. The firm has a market capitalization of $26.24 million, a P/E ratio of -2.44 and a beta of 1.29. The stock’s fifty day simple moving average is $3.91 and its 200 day simple moving average is $3.63.

Snail (NASDAQ:SNAL) last posted its quarterly earnings results on Tuesday, August 11th. The company reported ($0.36) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.55 by ($1.91). The firm had revenue of $21.80 million for the quarter, compared to analysts’ expectations of $29.00 million. Snail had a negative net margin of 8.83% and a negative return on equity of 15.49%. Sell-side analysts predict that Snail will post 0.48 earnings per share for the current year.

Institutional Trading of Snail

Large investors have recently added to or reduced their stakes in the stock. Connective Capital Management LLC acquired a new position in shares of Snail during the third quarter worth about $158,000. Evergreen Capital Management LLC acquired a new stake in shares of Snail in the second quarter valued at about $59,000. Finally, Susquehanna International Group LLP grew its stake in shares of Snail by 63.3% in the third quarter. Susquehanna International Group LLP now owns 29,929 shares of the company’s stock valued at $33,000 after buying an additional 11,601 shares in the last quarter. 0.36% of the stock is currently owned by institutional investors and hedge funds.

Snail Company Profile

Snail Inc (NASDAQ: SNAL) is a digital entertainment company focused on the development, publishing and operation of free-to-play online games for PC and mobile platforms. The company’s portfolio spans a variety of genres that include massively multiplayer online role-playing games (MMORPGs), strategy titles, and casual mobile games. Snail manages its games throughout the entire lifecycle, providing design, development, server hosting and community support services to engage players worldwide.

Founded in the early 2000s and headquartered in Xiamen, China, Snail has expanded its footprint with regional offices in North America, Europe and Southeast Asia.