Trump Media & Technology Group (NASDAQ:DJT – Get Free Report) posted its quarterly earnings results on Monday. The company reported ($0.86) earnings per share for the quarter, FiscalAI reports. The business had revenue of $1.67 million during the quarter. Trump Media & Technology Group had a negative net margin of 29,103.62% and a negative return on equity of 51.57%.
Trump Media & Technology Group Trading Down 8.0%
Shares of NASDAQ DJT traded down $0.82 during mid-day trading on Monday, reaching $9.39. The company had a trading volume of 6,432,620 shares, compared to its average volume of 4,388,490. The firm has a 50 day simple moving average of $8.79 and a two-hundred day simple moving average of $9.65. The stock has a market cap of $2.60 billion, a P/E ratio of -2.28 and a beta of 4.07. Trump Media & Technology Group has a 52-week low of $6.96 and a 52-week high of $18.97.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Trump Media & Technology Group in a research report on Friday, July 31st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Trump Media & Technology Group currently has a consensus rating of “Sell”.
Hedge Funds Weigh In On Trump Media & Technology Group
Hedge funds have recently made changes to their positions in the company. AQR Capital Management LLC purchased a new stake in shares of Trump Media & Technology Group in the 1st quarter valued at about $940,000. NewEdge Advisors LLC grew its stake in Trump Media & Technology Group by 31.9% during the 1st quarter. NewEdge Advisors LLC now owns 4,957 shares of the company’s stock worth $97,000 after buying an additional 1,200 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Trump Media & Technology Group by 20.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 218,210 shares of the company’s stock worth $4,264,000 after buying an additional 37,367 shares during the last quarter. Russell Investments Group Ltd. increased its position in Trump Media & Technology Group by 202.6% during the second quarter. Russell Investments Group Ltd. now owns 3,755 shares of the company’s stock worth $68,000 after buying an additional 2,514 shares during the period. Finally, Invesco Ltd. increased its position in Trump Media & Technology Group by 74.5% during the second quarter. Invesco Ltd. now owns 112,855 shares of the company’s stock worth $2,036,000 after buying an additional 48,199 shares during the period. Hedge funds and other institutional investors own 4.29% of the company’s stock.
Trump Media & Technology Group Company Profile
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.
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