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

Trump Media & Technology Group (NASDAQ:DJT) issued its quarterly earnings results on Friday. The company reported $999.00 earnings per share (EPS) for the quarter, reports. The company had revenue of $0.87 million during the quarter. 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 Trading Down 1.0%

NASDAQ:DJT traded down $0.09 on Friday, reaching $8.93. 4,920,336 shares of the stock traded hands, compared to its average volume of 3,673,150. The company has a market capitalization of $2.47 billion, a price-to-earnings 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 fifty day simple moving average is $9.63 and its 200 day simple moving average is $11.67.

Institutional Trading of Trump Media & Technology Group

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Quinn Opportunity Partners LLC purchased a new stake in shares of Trump Media & Technology Group during the 4th quarter valued at about $11,466,000. Man Group plc boosted its holdings 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 last quarter. Susquehanna Portfolio Strategies LLC purchased a new stake in shares of Trump Media & Technology Group during the 4th quarter valued at about $7,583,000. State Street Corp boosted its holdings 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 last quarter. Finally, Creek Drive Management Group LLC purchased a new stake in shares of Trump Media & Technology Group during the 4th quarter valued at about $3,310,000. 4.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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