Trump Media & Technology Group Corp. (NASDAQ:DJT – Get Free Report) shares were down 4.5% on Monday. The stock traded as low as $6.70 and last traded at $6.6750. Approximately 1,105,894 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 4,204,212 shares. The stock had previously closed at $6.99.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on the stock. Weiss Ratings downgraded shares of Trump Media & Technology Group from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, September 2nd. Wall Street Zen raised shares of Trump Media & Technology Group from a “strong sell” rating to a “sell” rating in a research note on Saturday, October 10th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, Trump Media & Technology Group presently has an average rating of “Sell”.
View Our Latest Research Report on DJT
Trump Media & Technology Group Trading Down 3.1%
The company has a market capitalization of $1.88 billion, a price-to-earnings ratio of -1.39 and a beta of 4.07. The company has a 50 day moving average price of $8.74 and a 200 day moving average price of $8.87.
Hedge Funds Weigh In On Trump Media & Technology Group
Several hedge funds have recently added to or reduced their stakes in DJT. Global Assets Advisory LLC bought a new stake in Trump Media & Technology Group during the 1st quarter worth about $34,000. Root Financial Partners LLC grew its position in shares of Trump Media & Technology Group by 44,011.1% during the 1st quarter. Root Financial Partners LLC now owns 3,970 shares of the company’s stock worth $37,000 after buying an additional 3,961 shares during the period. Nykredit A S acquired a new stake in shares of Trump Media & Technology Group during the 2nd quarter worth approximately $31,000. Farther Finance Advisors LLC raised its stake in shares of Trump Media & Technology Group by 55.6% during the third quarter. Farther Finance Advisors LLC now owns 4,734 shares of the company’s stock worth $43,000 after buying an additional 1,691 shares during the last quarter. Finally, Strategic Wealth Partners Ltd. raised its stake in shares of 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 worth $52,000 after buying an additional 2,500 shares during the last quarter. Institutional investors own 4.29% of the company’s stock.
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.
Further Reading
- Five stocks we like better than Trump Media & Technology Group
- Rate-Resilient vs. Rate-Exposed: Why Homebuilder Stocks Are Diverging
- The AI Trade Just Moved Into Your Bloodstream, and 4 Healthcare Stocks Are Winning
- 5 Beaten-Down AI Names That Could Bounce If Fear Fades
- Could AI Finally Unlock Apple’s Next Leg of Growth?
Receive News & Ratings for Trump Media & Technology Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trump Media & Technology Group and related companies with MarketBeat.com's FREE daily email newsletter.
