Trump Media & Technology Group Corp. (NASDAQ:DJT – Get Free Report) shares dropped 9.1% during trading on Monday . The company traded as low as $9.55 and last traded at $9.2830. 863,839 shares changed hands during trading, a decline of 80% from the average daily volume of 4,347,281 shares. The stock had previously closed at $10.21.
Analysts Set New Price Targets
Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Trump Media & Technology Group in a research note on Friday, July 31st. One analyst has rated the stock with a Sell rating, According to MarketBeat, Trump Media & Technology Group currently has a consensus rating of “Sell”.
Get Our Latest Stock Report on Trump Media & Technology Group
Trump Media & Technology Group Trading Down 9.6%
Trump Media & Technology Group (NASDAQ:DJT – Get Free Report) last announced its quarterly earnings data on Friday, May 8th. The company reported ($1.47) earnings per share for the quarter. The company had revenue of $0.87 million for 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’s revenue for the quarter was up 6.09% on a year-over-year basis.
Institutional Trading of Trump Media & Technology Group
Several institutional investors and hedge funds have recently modified their holdings of DJT. AQR Capital Management LLC bought a new position in Trump Media & Technology Group in the first quarter worth approximately $940,000. NewEdge Advisors LLC grew its position in shares of 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Trump Media & Technology Group by 20.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 218,210 shares of the company’s stock valued at $4,264,000 after buying an additional 37,367 shares during the period. Russell Investments Group Ltd. increased its stake in shares of 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 valued at $68,000 after buying an additional 2,514 shares during the period. Finally, Invesco Ltd. raised its holdings in shares of Trump Media & Technology Group by 74.5% in the second quarter. Invesco Ltd. now owns 112,855 shares of the company’s stock valued at $2,036,000 after acquiring an additional 48,199 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 (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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