Snail (NASDAQ:SNAL) Stock Rating Upgraded by Wall Street Zen

Snail (NASDAQ:SNAL) was upgraded by equities researchers at Wall Street Zen to a “buy” rating in a report released on Saturday.

A number of other brokerages also recently issued reports on SNAL. Weiss Ratings raised shares of Snail from a “sell (d-)” rating to a “sell (d)” rating in a research report on Wednesday. Zacks Research raised shares of Snail from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 17th. Finally, Noble Financial reaffirmed an “outperform” rating on shares of Snail in a research report on Tuesday, April 14th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Snail currently has an average rating of “Hold”.

Snail Trading Down 0.4%

Shares of Snail stock opened at $0.90 on Friday. The company’s fifty day simple moving average is $0.71 and its two-hundred day simple moving average is $0.76. The company has a market cap of $34.17 million, a P/E ratio of -1.46 and a beta of 1.11. Snail has a 12-month low of $0.34 and a 12-month high of $2.16.

Snail (NASDAQ:SNAL) last issued its quarterly earnings data on Wednesday, May 13th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.27. The business had revenue of $26.90 million for the quarter, compared to the consensus estimate of $18.00 million. Snail had a negative net margin of 11.73% and a negative return on equity of 15.49%. Analysts predict that Snail will post 0.14 EPS for the current fiscal year.

Institutional Trading of Snail

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Magnus Financial Group LLC purchased a new stake in shares of Snail in the 4th quarter worth about $99,000. Connective Capital Management LLC purchased a new stake in shares of Snail in the 3rd quarter worth about $158,000. Susquehanna International Group LLP grew its position in shares of Snail by 63.3% in the 3rd quarter. Susquehanna International Group LLP now owns 29,929 shares of the company’s stock worth $33,000 after buying an additional 11,601 shares during the period. Finally, Evergreen Capital Management LLC purchased a new stake in shares of Snail in the 2nd quarter worth about $59,000. 0.36% of the stock is owned by hedge funds and other 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.