Trump Media & Technology Group (NASDAQ:DJT) Upgraded at Wall Street Zen

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

Separately, Weiss Ratings cut 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. According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Trump Media & Technology Group Price Performance

NASDAQ DJT opened at $7.97 on Friday. Trump Media & Technology Group has a one year low of $6.96 and a one year high of $17.09. The firm has a market cap of $2.22 billion, a P/E ratio of -1.63 and a beta of 4.07. The stock’s 50-day moving average is $8.97 and its 200-day moving average is $8.90.

Institutional Investors Weigh In On Trump Media & Technology Group

Several institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in shares of Trump Media & Technology Group during the 2nd quarter worth approximately $101,684,000. Yorkville Advisors Global LP acquired a new stake in shares of Trump Media & Technology Group in the second quarter valued at approximately $17,618,903. Clear Street Group Inc. lifted its position 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 worth $17,173,000 after purchasing an additional 1,296,661 shares in the last quarter. State Street Corp lifted its position in shares of Trump Media & Technology Group by 32.0% in the second 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 bought a new stake in shares of Trump Media & Technology Group in the first quarter worth $6,598,000. 4.29% of the stock is owned by institutional investors.

About Trump Media & Technology Group

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.