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

Trump Media & Technology Group (NASDAQ:DJT) posted its earnings results on Friday. The company reported $999.00 earnings per share for the quarter, reports. 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 Price Performance

Trump Media & Technology Group stock traded down $0.09 during mid-day trading on Friday, reaching $8.93. 4,920,336 shares of the company’s stock traded hands, compared to its average volume of 3,673,150. Trump Media & Technology Group has a 12-month low of $8.31 and a 12-month high of $27.78. The stock has a 50 day moving average of $9.63 and a two-hundred day moving average of $11.67.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Motiv8 Investments LLC bought a new stake in Trump Media & Technology Group during the fourth quarter worth approximately $30,000. Daiwa Securities Group Inc. boosted its holdings in shares of Trump Media & Technology Group by 68.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 3,012 shares of the company’s stock worth $54,000 after purchasing an additional 1,223 shares during the period. Rakuten Securities Inc. boosted its holdings in shares of Trump Media & Technology Group by 40.7% in the 2nd quarter. Rakuten Securities Inc. now owns 3,466 shares of the company’s stock worth $63,000 after purchasing an additional 1,002 shares during the period. Global Retirement Partners LLC increased its position in shares of Trump Media & Technology Group by 89.2% during the 4th quarter. Global Retirement Partners LLC now owns 3,728 shares of the company’s stock valued at $49,000 after purchasing an additional 1,758 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in Trump Media & Technology Group by 202.6% during the 2nd 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. Institutional investors own 4.29% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Trump Media & Technology Group in a report on Monday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Trump Media & Technology Group presently 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.