Trump Media & Technology Group (NASDAQ:DJT) Stock Rating Lowered by Wall Street Zen

Trump Media & Technology Group (NASDAQ:DJT) was downgraded by analysts at Wall Street Zen to a “strong sell” rating in a research note issued on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings lowered Trump Media & Technology Group from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Trump Media & Technology Group currently has a consensus rating of “Sell”.

Trump Media & Technology Group Stock Performance

NASDAQ DJT opened at $9.02 on Friday. Trump Media & Technology Group has a 1-year low of $6.96 and a 1-year high of $17.97. The company has a 50 day moving average of $9.09 and a 200-day moving average of $9.14. The company has a market cap of $2.51 billion, a price-to-earnings ratio of -1.84 and a beta of 4.05.

Hedge Funds Weigh In On Trump Media & Technology Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Captrust Financial Advisors increased its stake in shares of Trump Media & Technology Group by 9.5% in the 2nd quarter. Captrust Financial Advisors now owns 11,149 shares of the company’s stock valued at $201,000 after purchasing an additional 963 shares during the last quarter. Rakuten Securities Inc. raised its holdings in shares of Trump Media & Technology Group by 40.7% during the 2nd quarter. Rakuten Securities Inc. now owns 3,466 shares of the company’s stock worth $63,000 after buying an additional 1,002 shares in the last quarter. IFP Advisors Inc lifted its position in shares of Trump Media & Technology Group by 21.9% during the 4th quarter. IFP Advisors Inc now owns 6,157 shares of the company’s stock worth $82,000 after buying an additional 1,105 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Trump Media & Technology Group by 8.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 14,242 shares of the company’s stock worth $234,000 after buying an additional 1,115 shares during the last quarter. Finally, Private Advisor Group LLC boosted its stake in Trump Media & Technology Group by 8.3% in the third quarter. Private Advisor Group LLC now owns 15,256 shares of the company’s stock valued at $251,000 after buying an additional 1,174 shares in the last quarter. 4.29% of the stock is currently owned by institutional investors and hedge funds.

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.