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

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

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

Trump Media & Technology Group Trading Down 4.1%

Shares of Trump Media & Technology Group stock opened at $6.14 on Friday. Trump Media & Technology Group has a 12 month low of $6.04 and a 12 month high of $17.09. The business’s 50-day moving average price is $8.52 and its 200-day moving average price is $9.56.

Institutional Trading of Trump Media & Technology Group

A number of large investors have recently made changes to their positions in DJT. Nykredit A S purchased a new position in shares of Trump Media & Technology Group in the 2nd quarter worth $31,000. Global Assets Advisory LLC bought a new stake in shares of Trump Media & Technology Group during the 1st quarter valued at $34,000. Root Financial Partners LLC lifted its position in shares of 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 valued at $37,000 after acquiring an additional 3,961 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in Trump Media & Technology Group by 55.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,734 shares of the company’s stock worth $43,000 after purchasing an additional 1,691 shares during the period. Finally, Strategic Wealth Partners Ltd. grew its stake in Trump Media & Technology Group by 60.1% during the second 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 in the last quarter. 4.29% of the stock is currently owned by institutional investors.

Trump Media & Technology Group Company Profile

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.