Trump Media & Technology Group (NASDAQ:DJT) Releases Quarterly Earnings Results

Trump Media & Technology Group (NASDAQ:DJT) issued its quarterly earnings data on Friday. The company reported $999.00 earnings per share (EPS) for the quarter, reports. Trump Media & Technology Group had a negative return on equity of 39.21% and a negative net margin of 19,338.97%.

Trump Media & Technology Group Price Performance

DJT stock traded down $0.09 during midday trading on Friday, hitting $8.93. The stock had a trading volume of 4,920,336 shares, compared to its average volume of 4,107,491. The firm has a market cap of $2.47 billion, a PE ratio of -3.20 and a beta of 4.15. Trump Media & Technology Group has a 12-month low of $8.31 and a 12-month high of $27.78. The company’s 50-day moving average price is $9.63 and its 200 day moving average price is $11.67.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Trump Media & Technology Group in a research report on Monday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Institutional Trading of Trump Media & Technology Group

Institutional investors have recently made changes to their positions in the stock. Motiv8 Investments LLC purchased a new stake in shares of Trump Media & Technology Group during the 4th quarter valued at $30,000. Global Retirement Partners LLC grew its stake in shares of Trump Media & Technology Group by 89.2% during the 4th quarter. Global Retirement Partners LLC now owns 3,728 shares of the company’s stock valued at $49,000 after buying an additional 1,758 shares during the period. Arax Advisory Partners grew its stake in shares of Trump Media & Technology Group by 93.9% during the 4th quarter. Arax Advisory Partners now owns 3,826 shares of the company’s stock valued at $51,000 after buying an additional 1,853 shares during the period. Daiwa Securities Group Inc. grew its stake in shares of Trump Media & Technology Group by 68.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 3,012 shares of the company’s stock valued at $54,000 after buying an additional 1,223 shares during the period. Finally, Rakuten Securities Inc. grew its stake in shares of Trump Media & Technology Group by 40.7% during the 2nd quarter. Rakuten Securities Inc. now owns 3,466 shares of the company’s stock valued at $63,000 after buying an additional 1,002 shares during the period. 4.29% of the stock is owned by hedge funds and other institutional investors.

Trump Media & Technology Group Company Profile

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.