Trump Media & Technology Group (NASDAQ:DJT) Stock Gets Downgrade from Wall Street Zen

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

Separately, Weiss Ratings lowered shares of Trump Media & Technology Group from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, September 2nd. 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

Shares of DJT stock opened at $6.40 on Friday. The company has a market capitalization of $1.78 billion, a P/E ratio of -1.31 and a beta of 4.07. Trump Media & Technology Group has a 12 month low of $6.28 and a 12 month high of $17.09. The stock has a 50 day moving average of $8.53 and a two-hundred day moving average of $8.77.

Institutional Trading of Trump Media & Technology Group

A number of large investors have recently bought and sold shares of the stock. Nykredit A S bought a new position in shares of Trump Media & Technology Group during the second quarter valued at $31,000. Global Assets Advisory LLC bought a new position in Trump Media & Technology Group in the 1st quarter valued at $34,000. Root Financial Partners LLC increased its position in Trump Media & Technology Group by 44,011.1% in 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 during the period. Farther Finance Advisors LLC grew its position in shares of Trump Media & Technology Group by 55.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,734 shares of the company’s stock worth $43,000 after buying an additional 1,691 shares during the period. Finally, Strategic Wealth Partners Ltd. raised its position in shares of Trump Media & Technology Group by 60.1% during the 2nd quarter. Strategic Wealth Partners Ltd. now owns 6,660 shares of the company’s stock valued at $52,000 after acquiring an additional 2,500 shares during the last quarter. 4.29% of the stock is currently owned by institutional investors.

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.