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

Trump Media & Technology Group (NASDAQ:DJT) announced 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 net margin of 19,338.97% and a negative return on equity of 39.21%.

Trump Media & Technology Group Price Performance

Shares of DJT stock traded down $0.09 during midday trading on Friday, reaching $8.93. 4,920,336 shares of the company traded hands, compared to its average volume of 4,107,491. The firm’s 50 day simple moving average is $9.63 and its two-hundred day simple moving average is $11.67. Trump Media & Technology Group has a 1-year low of $8.31 and a 1-year high of $27.78. The firm has a market cap of $2.47 billion, a PE ratio of -3.20 and a beta of 4.15.

Institutional Investors Weigh In On Trump Media & Technology Group

A number of hedge funds and other institutional investors have recently modified their holdings of DJT. Quinn Opportunity Partners LLC acquired a new stake in shares of Trump Media & Technology Group during the 4th quarter valued at approximately $11,466,000. Man Group plc lifted its position in shares of Trump Media & Technology Group by 1,775.2% during the 3rd quarter. Man Group plc now owns 703,970 shares of the company’s stock valued at $11,559,000 after acquiring an additional 666,429 shares during the period. Susquehanna Portfolio Strategies LLC acquired a new stake in shares of Trump Media & Technology Group during the 4th quarter valued at approximately $7,583,000. State Street Corp lifted its position in shares of Trump Media & Technology Group by 22.7% during the 4th quarter. State Street Corp now owns 2,962,844 shares of the company’s stock valued at $39,228,000 after acquiring an additional 547,488 shares during the period. Finally, Creek Drive Management Group LLC acquired a new stake in shares of Trump Media & Technology Group during the 4th quarter valued at approximately $3,310,000. 4.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Trump Media & Technology Group in a research note on Monday. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

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.