Lottery.com (NASDAQ:SEGG) Stock Price Up 8.5% – Still a Buy?

Lottery.com Inc. (NASDAQ:SEGG)’s stock price rose 8.5% on Friday . The stock traded as high as $0.6288 and last traded at $0.6280. Approximately 1,033,300 shares changed hands during trading, a decline of 25% from the average daily volume of 1,376,019 shares. The stock had previously closed at $0.5790.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Lottery.com in a research report on Wednesday, April 8th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, Lottery.com currently has a consensus rating of “Hold” and an average price target of $20.00.

Lottery.com Trading Up 8.5%

The stock has a market cap of $7.94 million, a P/E ratio of -0.16 and a beta of 1.64. The firm has a 50-day simple moving average of $0.88 and a two-hundred day simple moving average of $1.71.

Hedge Funds Weigh In On Lottery.com

A hedge fund recently bought a new stake in Lottery.com stock. DRW Securities LLC purchased a new stake in shares of Lottery.com Inc. (NASDAQ:SEGG) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 58,609 shares of the company’s stock, valued at approximately $43,000. DRW Securities LLC owned approximately 0.64% of Lottery.com at the end of the most recent quarter. Institutional investors own 7.72% of the company’s stock.

About Lottery.com

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.