Trump Media & Technology Group (NASDAQ:DJT) Trading 7.8% Higher – Here’s Why

Shares of Trump Media & Technology Group Corp. (NASDAQ:DJT) rose 7.8% on Monday . The stock traded as high as $9.13 and last traded at $9.2310. Approximately 1,020,000 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 4,319,443 shares. The stock had previously closed at $8.56.

Analyst Ratings Changes

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

Trump Media & Technology Group Stock Up 6.1%

The business’s 50 day moving average is $8.45 and its 200 day moving average is $9.93. The company has a market cap of $2.51 billion, a P/E ratio of -2.21 and a beta of 4.10.

Trump Media & Technology Group (NASDAQ:DJT) last announced its earnings results on Friday, May 8th. The company reported ($1.47) earnings per share (EPS) 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%. The company had revenue of $0.87 million for the quarter. The company’s revenue was up 6.09% on a year-over-year basis.

Institutional Trading of Trump Media & Technology Group

Institutional investors have recently modified their holdings of the company. Motiv8 Investments LLC bought a new position in shares of Trump Media & Technology Group during the 4th quarter worth approximately $30,000. Global Assets Advisory LLC purchased a new position in Trump Media & Technology Group in the first quarter worth $34,000. Root Financial Partners LLC grew its holdings in Trump Media & Technology Group by 44,011.1% in the first quarter. Root Financial Partners LLC now owns 3,970 shares of the company’s stock worth $37,000 after purchasing an additional 3,961 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of Trump Media & Technology Group during the fourth quarter worth $40,000. Finally, Larson Financial Group LLC increased its position in shares of Trump Media & Technology Group by 70.7% during the fourth quarter. Larson Financial Group LLC now owns 3,104 shares of the company’s stock worth $41,000 after purchasing an additional 1,286 shares in the last quarter. 4.29% of the stock is currently owned by institutional investors.

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.