Trump Media & Technology Group (NASDAQ:DJT) Hits New 1-Year Low – Time to Sell?

Shares of Trump Media & Technology Group Corp. (NASDAQ:DJT) reached a new 52-week low during trading on Monday . The stock traded as low as $8.31 and last traded at $8.2970, with a volume of 1662105 shares changing hands. The stock had previously closed at $8.67.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Trump Media & Technology Group in a research report on Monday, May 4th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Trump Media & Technology Group Trading Down 3.2%

The stock has a 50-day moving average price of $9.30 and a two-hundred day moving average price of $11.26. The stock has a market cap of $2.22 billion, a price-to-earnings ratio of -1.94 and a beta of 4.15.

Trump Media & Technology Group (NASDAQ:DJT) last released its quarterly earnings results on Friday, May 8th. The company reported $999.00 EPS for the quarter. The company had revenue of $0.87 million during the quarter. Trump Media & Technology Group had a negative return on equity of 51.57% and a negative net margin of 29,103.62%.

Institutional Trading of Trump Media & Technology Group

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Trump Media & Technology Group by 53.1% in the third quarter. Vanguard Group Inc. now owns 14,834,151 shares of the company’s stock worth $243,577,000 after purchasing an additional 5,143,195 shares during the last quarter. Clear Street Group Inc. lifted its holdings in shares of Trump Media & Technology Group by 323,356.9% in the 4th quarter. Clear Street Group Inc. now owns 1,297,062 shares of the company’s stock valued at $17,173,000 after buying an additional 1,296,661 shares during the period. Quinn Opportunity Partners LLC purchased a new stake in shares of Trump Media & Technology Group in the fourth quarter worth about $11,466,000. Anson Funds Management LP acquired a new stake in Trump Media & Technology Group during the first quarter worth about $6,598,000. Finally, Man Group plc grew its holdings in Trump Media & Technology Group by 1,775.2% during the third quarter. Man Group plc now owns 703,970 shares of the company’s stock worth $11,559,000 after acquiring an additional 666,429 shares during the period. Hedge funds and other institutional investors own 4.29% of the company’s stock.

Trump Media & Technology Group Company Profile

Trump Media & Technology Group (NASDAQ: DJT) is a U.S.-based digital media and technology company focused on social networking and content distribution. The firm’s flagship offering, Truth Social, is designed as an alternative social media platform with features for user-generated posts, direct messaging and community engagement. In addition to its core social network, TMTG has signaled plans for a subscription-based streaming service and other digital content ventures under the TMTG+ brand, aiming to expand its multimedia footprint.

Founded in October 2021 by former President Donald J.