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

Trump Media & Technology Group (NASDAQ:DJT) announced its quarterly earnings results on Friday. The company reported $999.00 earnings per share (EPS) for the quarter, reports. Trump Media & Technology Group had a negative return on equity of 39.21% and a negative net margin of 19,338.97%.The company had revenue of $0.87 million during the quarter.

Trump Media & Technology Group Price Performance

Shares of DJT stock opened at $8.93 on Friday. The company has a market cap of $2.47 billion, a price-to-earnings ratio of -2.17 and a beta of 4.15. The stock has a 50 day simple moving average of $9.63 and a 200-day simple moving average of $11.67. Trump Media & Technology Group has a 1-year low of $8.31 and a 1-year high of $27.78.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Trump Media & Technology Group in a report on Monday, May 4th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Trump Media & Technology Group has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Geode Capital Management LLC raised its stake in shares of Trump Media & Technology Group by 3.8% during the 4th quarter. Geode Capital Management LLC now owns 3,087,747 shares of the company’s stock worth $40,891,000 after buying an additional 113,536 shares during the period. State Street Corp lifted its holdings in Trump Media & Technology Group by 22.7% in the 4th quarter. State Street Corp now owns 2,962,844 shares of the company’s stock valued at $39,228,000 after purchasing an additional 547,488 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Trump Media & Technology Group by 0.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,435,115 shares of the company’s stock valued at $19,001,000 after purchasing an additional 12,303 shares in the last quarter. Quinn Opportunity Partners LLC purchased a new stake in shares of Trump Media & Technology Group during the fourth quarter worth $11,466,000. Finally, Man Group plc grew its holdings in shares of Trump Media & Technology Group by 1,775.2% during the third quarter. Man Group plc now owns 703,970 shares of the company’s stock worth $11,559,000 after buying an additional 666,429 shares in the last quarter. 4.29% of the stock is owned by institutional investors and hedge funds.

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.