Snail (NASDAQ:SNAL) Cut to Hold at Wall Street Zen
by Teresa Graham · The Cerbat GemWall Street Zen cut shares of Snail (NASDAQ:SNAL – Free Report) from a buy rating to a hold rating in a report published on Saturday.
SNAL has been the topic of several other reports. Noble Financial reaffirmed an “outperform” rating on shares of Snail in a research report on Thursday, July 2nd. Zacks Research lowered Snail from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. Finally, Weiss Ratings upgraded shares of Snail from a “sell (d-)” rating to a “sell (d)” rating in a research note on Wednesday, May 27th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold”.
View Our Latest Report on Snail
Snail Stock Performance
SNAL stock opened at $3.08 on Friday. The stock has a market capitalization of $26.24 million, a PE ratio of -2.44 and a beta of 1.29. Snail has a 12-month low of $1.70 and a 12-month high of $10.80. The stock’s 50 day simple moving average is $3.89 and its 200 day simple moving average is $3.63.
Snail (NASDAQ:SNAL – Get Free Report) last issued its earnings results on Tuesday, August 11th. The company reported ($0.36) EPS for the quarter, missing the consensus estimate of $1.55 by ($1.91). The business 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%. On average, research analysts predict that Snail will post 0.48 earnings per share for the current year.
Hedge Funds Weigh In On Snail
Several hedge funds and other institutional investors have recently modified their holdings of SNAL. Connective Capital Management LLC purchased a new position in shares of Snail in the 3rd quarter worth $158,000. Evergreen Capital Management LLC bought a new position in Snail in the second quarter valued at about $59,000. Finally, Susquehanna International Group LLP lifted its holdings in 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 acquiring an additional 11,601 shares during the period. 0.36% of the stock is owned by institutional investors.
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.