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

Trump Media & Technology Group (NASDAQ:DJT) announced its earnings results on Friday. The company reported ($0.20) earnings per share for the quarter, FiscalAI reports. Trump Media & Technology Group had a negative net margin of 2,922.66% and a negative return on equity of 8.86%. The firm had revenue of $0.97 million during the quarter.

Trump Media & Technology Group Stock Performance

DJT stock traded down $0.23 during midday trading on Friday, reaching $13.10. The company had a trading volume of 8,975,298 shares, compared to its average volume of 5,714,972. The company has a quick ratio of 132.60, a current ratio of 132.60 and a debt-to-equity ratio of 0.41. The stock has a 50 day moving average price of $16.39 and a 200 day moving average price of $19.02. The firm has a market capitalization of $3.63 billion, a PE ratio of -26.73 and a beta of 4.56. Trump Media & Technology Group has a fifty-two week low of $12.70 and a fifty-two week high of $43.46.

Insiders Place Their Bets

In other Trump Media & Technology Group news, Director Eric Swider sold 5,000 shares of the business’s stock in a transaction on Friday, August 29th. The stock was sold at an average price of $17.61, for a total transaction of $88,050.00. Following the completion of the transaction, the director owned 24,041 shares in the company, valued at approximately $423,362.01. The trade was a 17.22% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 53.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Trump Media & Technology Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Main Street Group LTD grew its holdings in shares of Trump Media & Technology Group by 43.1% in the 2nd quarter. Main Street Group LTD now owns 1,908 shares of the company’s stock worth $34,000 after acquiring an additional 575 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of Trump Media & Technology Group in the first quarter worth approximately $39,000. Vermillion & White Wealth Management Group LLC boosted its holdings in shares of Trump Media & Technology Group by 37.2% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 2,166 shares of the company’s stock worth $39,000 after purchasing an additional 587 shares during the period. Daiwa Securities Group Inc. increased its stake in Trump Media & Technology Group by 68.4% in 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, Farther Finance Advisors LLC raised its holdings in shares of Trump Media & Technology Group by 748.5% during the third quarter. Farther Finance Advisors LLC now owns 3,165 shares of the company’s stock worth $52,000 after acquiring an additional 2,792 shares in the last quarter. 4.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Trump Media & Technology Group in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Trump Media & Technology Group Company Profile

Trump Media & Technology Group Corp. engages in operating social media and in the technology business. Its brands include TRUTH Social, TMTG+ and TMTG News. The company was founded on March 28, 2024 and is headquartered in Sarasota, FL.