** Shares of lottery software provider Jumbo Interactive JIN.AX fall 1.7% to A$9.95
** Earlier in the day, stock lost as much as 2.2% to hit its lowest since April 9
** Bell Potter says despite robust Oz Lotto jackpots, aggregate jackpots are down 9% on 2H24, indicating YoY decline in lottery retailing revenue
** Notes that JIN lost meaningful digital share to peer Lottery Corp TLC.AX due to higher cost per click rates, raising questions about whether JIN can regain market share
** Brokerage trims price target to A$11.10 from A$13.20; maintains 'Hold' rating
** JIN down 28.4% YTD
(Reporting by Kumar Tanishk in Bengaluru)
((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.