Trump Media & Technology Group (NASDAQ:DJT) Upgraded to “Sell” at Wall Street Zen

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

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

Trump Media & Technology Group Price Performance

Shares of DJT opened at $8.11 on Friday. Trump Media & Technology Group has a 1-year low of $6.96 and a 1-year high of $17.09. The stock has a market cap of $2.25 billion, a PE ratio of -1.66 and a beta of 4.07. The firm has a fifty day moving average price of $9.01 and a 200 day moving average price of $8.91.

Hedge Funds Weigh In On Trump Media & Technology Group

Institutional investors have recently bought and sold shares of the company. Nykredit A S acquired a new stake in shares of Trump Media & Technology Group in the 2nd quarter worth $31,000. Global Assets Advisory LLC purchased a new position in Trump Media & Technology Group during the first quarter worth about $34,000. Root Financial Partners LLC raised its holdings in Trump Media & Technology Group by 44,011.1% during the first quarter. Root Financial Partners LLC now owns 3,970 shares of the company’s stock worth $37,000 after purchasing an additional 3,961 shares in the last quarter. Farther Finance Advisors LLC lifted its position 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 purchasing an additional 1,691 shares during the period. Finally, Strategic Wealth Partners Ltd. lifted its position in Trump Media & Technology Group by 60.1% in 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. 4.29% of the stock is owned by institutional investors and hedge funds.

About Trump Media & Technology Group

Trump Media & Technology Group Corp. is a technology and media company that develops social media, streaming and financial-services products. Its primary platform is Truth Social, a social networking service designed to support user-generated content, discussion and content sharing.

The company also operates Truth+, a streaming platform offering video content, including news, entertainment and other programming. In addition, TMTG has introduced Truth.Fi, a financial-services and fintech initiative intended to provide products such as investment accounts and exchange-traded funds through third-party partners.