Trump Media & Technology Group (NASDAQ:DJT) Shares Up 8.7% – Should You Buy?

Trump Media & Technology Group Corp. (NASDAQ:DJT) shares shot up 8.7% on Thursday . The stock traded as high as $9.06 and last traded at $9.38. 900,664 shares were traded during mid-day trading, a decline of 78% from the average session volume of 4,119,766 shares. The stock had previously closed at $8.63.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Trump Media & Technology Group in a research note on Monday, May 4th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

Trump Media & Technology Group Stock Up 5.7%

The business’s 50-day moving average price is $9.06 and its 200 day moving average price is $10.86. The company has a market capitalization of $2.52 billion, a P/E ratio of -2.21 and a beta of 4.06.

Hedge Funds Weigh In On Trump Media & Technology Group

Large investors have recently modified their holdings of the company. Motiv8 Investments LLC bought a new position in shares of Trump Media & Technology Group in the fourth quarter valued at approximately $30,000. Global Assets Advisory LLC bought a new stake in Trump Media & Technology Group during the first quarter valued at approximately $34,000. Root Financial Partners LLC lifted its position 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 valued at $37,000 after purchasing an additional 3,961 shares during the last quarter. International Assets Investment Management LLC bought a new stake in Trump Media & Technology Group during the fourth quarter valued at approximately $40,000. Finally, Larson Financial Group LLC lifted its position in Trump Media & Technology Group by 70.7% during the fourth quarter. Larson Financial Group LLC now owns 3,104 shares of the company’s stock valued at $41,000 after purchasing an additional 1,286 shares during the last quarter. 4.29% of the stock is currently owned by institutional investors.

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.