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

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

Trump Media & Technology Group Price Performance

DJT stock traded down $0.23 during mid-day trading on Friday, hitting $13.10. 8,975,298 shares of the stock were exchanged, compared to its average volume of 5,714,972. The company has a debt-to-equity ratio of 0.41, a current ratio of 132.60 and a quick ratio of 132.60. The stock has a market capitalization of $3.63 billion, a price-to-earnings ratio of -26.73 and a beta of 4.56. The business has a fifty day moving average price of $16.39 and a 200 day moving average price of $19.02. Trump Media & Technology Group has a 12 month low of $12.70 and a 12 month high of $43.46.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Trump Media & Technology Group in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Insider Transactions at Trump Media & Technology Group

In other Trump Media & Technology Group news, Director Eric Swider sold 5,000 shares of the stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $17.61, for a total transaction of $88,050.00. Following the transaction, the director directly owned 24,041 shares in the company, valued at $423,362.01. This trade represents a 17.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 53.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Trump Media & Technology Group

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of Trump Media & Technology Group by 53.1% in the third quarter. Vanguard Group Inc. now owns 14,834,151 shares of the company’s stock worth $243,577,000 after buying an additional 5,143,195 shares during the period. Geode Capital Management LLC lifted its position in Trump Media & Technology Group by 13.5% in the second quarter. Geode Capital Management LLC now owns 1,823,997 shares of the company’s stock valued at $32,908,000 after purchasing an additional 216,718 shares during the last quarter. Hudson Bay Capital Management LP purchased a new stake in shares of Trump Media & Technology Group during the second quarter valued at approximately $24,549,000. Swiss National Bank grew its holdings in shares of Trump Media & Technology Group by 88.4% in the second quarter. Swiss National Bank now owns 316,700 shares of the company’s stock worth $5,713,000 after purchasing an additional 148,600 shares during the last quarter. Finally, Hancock Prospecting Pty Ltd increased its stake in shares of Trump Media & Technology Group by 66.7% in the second quarter. Hancock Prospecting Pty Ltd now owns 250,000 shares of the company’s stock worth $4,510,000 after buying an additional 100,000 shares during the period. Hedge funds and other institutional investors own 4.29% of the company’s stock.

About Trump Media & Technology Group

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.