Trump Media & Technology Group (NASDAQ:DJT) Cut to Strong Sell at Wall Street Zen

Wall Street Zen lowered shares of Trump Media & Technology Group (NASDAQ:DJT) to a strong sell rating in a research report sent to investors on Saturday morning,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 report on Wednesday, September 2nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Trump Media & Technology Group Price Performance

NASDAQ:DJT opened at $9.02 on Friday. The company’s 50 day moving average price is $9.12 and its 200-day moving average price is $9.14. Trump Media & Technology Group has a 52 week low of $6.96 and a 52 week high of $17.97. The stock 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

Hedge funds have recently bought and sold shares of the business. Motiv8 Investments LLC purchased a new stake in shares of Trump Media & Technology Group during the 4th quarter valued at about $30,000. International Assets Investment Management LLC purchased a new position in shares of Trump Media & Technology Group during the fourth quarter valued at approximately $40,000. Daiwa Securities Group Inc. raised its holdings in shares of Trump Media & Technology Group by 68.4% during the second quarter. Daiwa Securities Group Inc. now owns 3,012 shares of the company’s stock valued at $54,000 after purchasing an additional 1,223 shares during the last quarter. 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 period. Finally, Rakuten Securities Inc. lifted its position in Trump Media & Technology Group by 40.7% during the second quarter. Rakuten Securities Inc. now owns 3,466 shares of the company’s stock valued at $63,000 after purchasing an additional 1,002 shares during the period. Hedge funds and other institutional investors own 4.29% of the company’s stock.

About Trump Media & Technology Group

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.