MSP Recovery (NASDAQ:MSPR) Announces Earnings Results

MSP Recovery (NASDAQ:MSPR) announced its earnings results on Wednesday. The company reported ($132.71) earnings per share for the quarter, Zacks reports. MSP Recovery had a negative net margin of 4,375.62% and a negative return on equity of 326.80%.

MSP Recovery Stock Performance

NASDAQ MSPR traded down $0.04 on Wednesday, reaching $0.45. 1,639,562 shares of the stock traded hands, compared to its average volume of 8,158,370. MSP Recovery has a 12 month low of $0.20 and a 12 month high of $28.84. The company has a market cap of $634,500.00, a price-to-earnings ratio of 0.00 and a beta of -2.58. The company has a fifty day moving average price of $0.98 and a 200-day moving average price of $5.47.

Institutional Trading of MSP Recovery

A hedge fund recently bought a new stake in MSP Recovery stock. Corient Private Wealth LLC acquired a new position in MSP Recovery, Inc. (NASDAQ:MSPR) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 97,924 shares of the company’s stock, valued at approximately $136,000. Corient Private Wealth LLC owned 1.19% of MSP Recovery at the end of the most recent reporting period. Institutional investors and hedge funds own 3.77% of the company’s stock.

Analysts Set New Price Targets

MSPR has been the topic of several analyst reports. Wall Street Zen downgraded shares of MSP Recovery to a “strong sell” rating in a report on Saturday, September 13th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of MSP Recovery in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

MSP Recovery Company Profile

MSP Recovery, Inc engages in the development of healthcare recoveries and data analytics software. It also focuses on the identification and recoveries of improper payments made by Medicare, Medicaid, and commercial insurance spaces using data and analytics. The company was founded by John H. Ruiz, Frank C.