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

Key Points

• Wall Street Zen downgraded Trump Media & Technology Group (DJT) to “strong sell,” while Weiss Ratings also lowered its rating to “sell (e+).” MarketBeat reports a consensus “Sell” rating from analysts.
• DJT opened at $9.02, near its 50-day and 200-day moving averages of $9.09 and $9.16. The stock has a $2.51 billion market capitalization, a negative P/E ratio of -1.84, and high beta of 4.05.
• Several major institutions increased their holdings, including Vanguard, BlackRock, Yorkville Advisors, Geode Capital, and State Street; however, hedge funds and institutional investors collectively own only 4.29% of the company.

Trump Media & Technology Group (NASDAQ:DJT - Get Free Report) was downgraded by analysts at Wall Street Zen to a "strong sell" rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings downgraded shares of Trump Media & Technology Group from a "sell (d-)" rating to a "sell (e+)" rating in a report on Wednesday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Trump Media & Technology Group presently has a consensus rating of "Sell".

Trump Media & Technology Group Stock Performance

Trump Media & Technology Group stock opened at $9.02 on Friday. The stock has a 50-day moving average of $9.09 and a two-hundred day moving average of $9.16. Trump Media & Technology Group has a one year low of $6.96 and a one year high of $17.97. The stock has a market cap of $2.51 billion, a PE ratio of -1.84 and a beta of 4.05.

Hedge Funds Weigh In On Trump Media & Technology Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DJT. Vanguard Group Inc. lifted its position in Trump Media & Technology Group by 6.9% during the 4th quarter. Vanguard Group Inc. now owns 15,857,828 shares of the company's stock worth $209,958,000 after acquiring an additional 1,023,677 shares during the period. BlackRock Inc. acquired a new position in shares of Trump Media & Technology Group in the second quarter valued at about $101,684,000. Yorkville Advisors Global LP raised its stake in shares of Trump Media & Technology Group by 7.6% in the fourth quarter. Yorkville Advisors Global LP now owns 6,641,944 shares of the company's stock worth $87,939,000 after purchasing an additional 471,881 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Trump Media & Technology Group by 3.8% during the fourth quarter. Geode Capital Management LLC now owns 3,087,747 shares of the company's stock worth $40,891,000 after purchasing an additional 113,536 shares during the period. Finally, State Street Corp lifted its holdings in shares of Trump Media & Technology Group by 22.7% during the fourth quarter. State Street Corp now owns 2,962,844 shares of the company's stock worth $39,228,000 after purchasing an additional 547,488 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.

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