Wall Street Zen Upgrades Trump Media & Technology Group (NASDAQ:DJT) to Sell

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

Separately, Weiss Ratings cut shares of Trump Media & Technology Group from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, September 2nd. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Trump Media & Technology Group Price Performance

NASDAQ DJT opened at $8.11 on Friday. The stock’s 50-day moving average is $9.01 and its two-hundred day moving average is $8.91. Trump Media & Technology Group has a fifty-two week low of $6.96 and a fifty-two week high of $17.09. The firm has a market cap of $2.25 billion, a P/E ratio of -1.66 and a beta of 4.07.

Institutional Trading of Trump Media & Technology Group

Institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. acquired a new stake in Trump Media & Technology Group in the 2nd quarter valued at about $101,684,000. Yorkville Advisors Global LP bought a new stake in Trump Media & Technology Group in the 2nd quarter valued at $17,618,903. Clear Street Group Inc. grew its stake in shares of Trump Media & Technology Group by 323,356.9% in the fourth quarter. Clear Street Group Inc. now owns 1,297,062 shares of the company’s stock valued at $17,173,000 after acquiring an additional 1,296,661 shares in the last quarter. State Street Corp grew its position in shares of Trump Media & Technology Group by 32.0% during the 2nd quarter. State Street Corp now owns 4,191,672 shares of the company’s stock worth $32,444,000 after purchasing an additional 1,015,305 shares in the last quarter. Finally, Anson Funds Management LP acquired a new stake in Trump Media & Technology Group during the first quarter worth approximately $6,598,000. 4.29% of the stock is owned by institutional investors.

Trump Media & Technology Group Company Profile

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.