Trump Media & Technology Group (NASDAQ:DJT) Shares Up 7.1% – Here’s What Happened

Trump Media & Technology Group Corp. (NASDAQ:DJT)’s stock price traded up 7.1% on Tuesday. The stock traded as high as $4.32 and last traded at $4.3470. Approximately 1,806,526 shares traded hands during mid-day trading, a decline of 59% from the average session volume of 4,435,192 shares. The stock had previously closed at $4.06.

Latest Trump Media & Technology Group News

Here’s some of the latest news about DJT:

• Positive Sentiment: Trump Media reported a third-quarter net profit of about $410 million, reversing losses a year earlier. Bitcoin-related gains were a major contributor, and the company held 15,649 BTC at quarter-end. The result has helped fuel the post-earnings rally. Trump Media Stock Edges Up After Q3 Profit
• Positive Sentiment: Revenue rose 78% sequentially to roughly $3 million, with Truth Social’s API business cited as a contributor. The company also reported $2.3 billion in gross financial assets, although revenue remains small relative to the reported profit. Trump Media: 3 Key Takeaways
• Neutral Sentiment: The company is advancing its planned merger with TAE Technologies. The transaction could broaden its business, but its eventual terms and effects on DJT shareholders remain important considerations. Trump Media Posts Q3 Revenue and Advances Merger

Wall Street Analyst Weigh In

A number of brokerages have commented on DJT. Weiss Ratings cut 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 lowered shares of Trump Media & Technology Group from a “sell” rating to a “strong sell” rating in a research note on Sunday, November 1st. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company has an average rating of “Sell”.

Trump Media & Technology Group Price Performance

The company’s 50-day simple moving average is $7.53 and its 200-day simple moving average is $8.98. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of -1.56 and a beta of 1.35.

Trump Media & Technology Group (NASDAQ:DJT) last issued its quarterly earnings data on Monday, November 9th. The company reported $1.38 EPS for the quarter. Trump Media & Technology Group had a negative return on equity of 40.61% and a negative net margin of 12,890.59%. The firm had revenue of $2.97 million for the quarter.

Hedge Funds Weigh In On Trump Media & Technology Group

A number of hedge funds have recently added to or reduced their stakes in DJT. Bank of New York Mellon Corp lifted its position in shares of Trump Media & Technology Group by 0.3% during the 1st quarter. Bank of New York Mellon Corp now owns 417,269 shares of the company’s stock valued at $3,872,000 after acquiring an additional 1,398 shares during the period. NewEdge Advisors LLC lifted its stake in Trump Media & Technology Group by 11.9% during the first quarter. NewEdge Advisors LLC now owns 13,966 shares of the company’s stock worth $130,000 after purchasing an additional 1,488 shares during the last quarter. Royal Bank of Canada boosted its stake in Trump Media & Technology Group by 8.5% in the first quarter. Royal Bank of Canada now owns 21,451 shares of the company’s stock valued at $200,000 after buying an additional 1,676 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Trump Media & Technology Group by 55.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,734 shares of the company’s stock valued at $43,000 after purchasing an additional 1,691 shares in the last quarter. Finally, Axxcess Wealth Management LLC boosted its position in Trump Media & Technology Group by 2.8% in the third quarter. Axxcess Wealth Management LLC now owns 72,161 shares of the company’s stock valued at $654,000 after buying an additional 1,960 shares in the last quarter. Institutional investors own 4.29% of the company’s stock.

Trump Media & Technology Group Company Profile

Trump Media & Technology Group operates Truth Social, a social media platform where users can publish posts called “Truths,” share other users’ posts and follow accounts. The company has positioned the platform as an alternative social network focused on open expression. The company has expanded beyond social media with Truth+, a streaming service offering video content, and Truth.Fi, a financial services and investment brand announced in 2025. Its offerings and business activities are primarily directed toward U.S. users and customers.