Lottery.com (NASDAQ:SEGG) Rating Lowered to “Strong Sell” at Wall Street Zen

Lottery.com (NASDAQ:SEGG) was downgraded by analysts at Wall Street Zen from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Sunday.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Lottery.com in a report on Monday, July 6th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $20.00.

Lottery.com Stock Performance

NASDAQ SEGG traded down $0.04 on Friday, reaching $0.79. The stock had a trading volume of 195,912 shares, compared to its average volume of 669,437. The stock has a market cap of $13.05 million, a P/E ratio of -0.20 and a beta of 2.44. Lottery.com has a 12-month low of $0.46 and a 12-month high of $13.50. The business’s 50-day moving average price is $1.35 and its 200 day moving average price is $1.11.

Institutional Trading of Lottery.com

A hedge fund recently bought a new stake in Lottery.com stock. DRW Securities LLC purchased a new position in shares of Lottery.com Inc. (NASDAQ:SEGG) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 58,609 shares of the company’s stock, valued at approximately $43,000. DRW Securities LLC owned 0.64% of Lottery.com as of its most recent SEC filing. Institutional investors and hedge funds own 7.72% of the company’s stock.

Lottery.com Company Profile

Lottery.com (NASDAQ: SEGG) operates a digital platform designed to streamline lottery participation by enabling users to purchase entries into state-regulated lotteries via mobile devices or the web. The company’s flagship mobile application and website serve as a gateway for consumers to participate in Powerball®, Mega Millions® and a range of other national and regional lottery drawings. Through partnerships with lottery providers, Lottery.com handles ticket procurement, secure storage and digital delivery of scanned tickets, offering a convenient alternative to traditional retail purchase.

Founded in 2016 and headquartered in Addison, Texas, Lottery.com has expanded its footprint beyond the United States, exploring opportunities in international markets such as Mexico and select European jurisdictions.