Trump Media & Technology Group (NASDAQ:DJT) Stock Rating Cut to Strong Sell at Wall Street Zen

Wall Street Zen lowered shares of Trump Media & Technology Group (NASDAQ:DJT) from a sell rating to a strong sell rating in a research note published on Sunday morning,Wall Street Zen reports.

Separately, Weiss Ratings downgraded shares of Trump Media & Technology Group from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, September 2nd. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Trump Media & Technology Group Price Performance

NASDAQ:DJT opened at $5.59 on Friday. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of -1.14 and a beta of 1.35. Trump Media & Technology Group has a one year low of $5.40 and a one year high of $17.09. The business has a fifty day moving average price of $8.29 and a 200-day moving average price of $9.35.

Hedge Funds Weigh In On Trump Media & Technology Group

Large investors have recently bought and sold shares of the stock. Global Assets Advisory LLC acquired a new position in Trump Media & Technology Group during the first quarter valued at $34,000. Root Financial Partners LLC raised its position in Trump Media & Technology Group by 44,011.1% in the 1st quarter. Root Financial Partners LLC now owns 3,970 shares of the company’s stock valued at $37,000 after purchasing an additional 3,961 shares during the last quarter. Nykredit A S bought a new position in Trump Media & Technology Group in the 2nd quarter valued at $31,000. Farther Finance Advisors LLC boosted its stake in Trump Media & Technology Group by 55.6% in the third quarter. Farther Finance Advisors LLC now owns 4,734 shares of the company’s stock valued at $43,000 after acquiring an additional 1,691 shares during the last quarter. Finally, Strategic Wealth Partners Ltd. grew its holdings in Trump Media & Technology Group by 60.1% during the second quarter. Strategic Wealth Partners Ltd. now owns 6,660 shares of the company’s stock valued at $52,000 after purchasing an additional 2,500 shares during the period. Institutional investors and hedge funds own 4.29% of the company’s stock.

About Trump Media & Technology Group

Trump Media & Technology Group Corp. is a media and technology company focused on developing social media, streaming and other digital services. Its principal platform is Truth Social, a social networking service that enables users to create posts, follow accounts and participate in online discussions.

The company also operates Truth+, a streaming platform offering video content, including news and entertainment programming. TMTG has additionally announced plans to develop Truth.Fi, a financial services and technology initiative intended to include products such as separately managed accounts, exchange-traded funds and other investment-related offerings.