Wall Street Zen Downgrades MSP Recovery (NASDAQ:MSPR) to Strong Sell

MSP Recovery (NASDAQ:MSPR) was downgraded by equities researchers at Wall Street Zen to a “strong sell” rating in a research report issued to clients and investors on Saturday.

MSP Recovery Stock Up 0.6%

Shares of MSP Recovery stock opened at $1.73 on Friday. MSP Recovery has a twelve month low of $1.61 and a twelve month high of $35.00. The firm has a market cap of $2.44 million, a PE ratio of -0.01 and a beta of -2.44. The business has a 50-day moving average price of $4.98 and a 200 day moving average price of $9.24.

MSP Recovery (NASDAQ:MSPR) last issued its earnings results on Thursday, August 14th. The company reported ($204.05) earnings per share for the quarter. The company had revenue of $0.54 million for the quarter. MSP Recovery had a negative return on equity of 326.80% and a negative net margin of 4,375.62%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in MSP Recovery stock. Corient Private Wealth LLC acquired a new stake in shares of MSP Recovery, Inc. (NASDAQ:MSPR) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 97,924 shares of the company’s stock, valued at approximately $136,000. Corient Private Wealth LLC owned 1.19% of MSP Recovery as of its most recent SEC filing. 3.77% of the stock is currently owned by institutional investors.

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.