Wall Street Zen Downgrades Lottery.com (NASDAQ:SEGG) to Strong Sell

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

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

Lottery.com Trading Down 4.7%

SEGG traded down $0.04 during mid-day trading on Friday, hitting $0.79. 195,912 shares of the stock were exchanged, compared to its average volume of 669,437. The firm’s fifty day moving average is $1.35 and its two-hundred day moving average is $1.11. Lottery.com has a 1-year low of $0.46 and a 1-year high of $13.50. The company has a market cap of $13.05 million, a PE ratio of -0.20 and a beta of 2.44.

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) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 58,609 shares of the company’s stock, valued at approximately $43,000. DRW Securities LLC owned approximately 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.