Trump Media & Technology Group's (DJT) "Sell (E+)" Rating Reaffirmed at Weiss Ratings

Key Points

• Trump Media & Technology Group's stock has been reaffirmed with a "sell (E+)" rating by Weiss Ratings, suggesting ongoing concerns about the company's performance.
• The company reported a negative earnings per share of ($0.08) for its latest quarter, with a staggering negative net margin of -2,922.66%.
• Institutional investors have recently increased their stakes in Trump Media & Technology Group, indicating a slight shift in market sentiment as they now collectively own 4.29% of the company's stock.

Trump Media & Technology Group (NASDAQ:DJT - Get Free Report)'s stock had its "sell (e+)" rating restated by research analysts at Weiss Ratings in a report released on Friday,Weiss Ratings reports.

Trump Media & Technology Group Price Performance

NASDAQ:DJT opened at $15.84 on Friday. The company has a quick ratio of 132.60, a current ratio of 132.60 and a debt-to-equity ratio of 0.41. The firm has a market cap of $4.39 billion, a PE ratio of -32.33 and a beta of 4.59. Trump Media & Technology Group has a 12 month low of $15.40 and a 12 month high of $54.68. The company's 50-day moving average price is $16.97 and its two-hundred day moving average price is $19.39.

Trump Media & Technology Group (NASDAQ:DJT - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The company reported ($0.08) earnings per share for the quarter. Trump Media & Technology Group had a negative return on equity of 8.86% and a negative net margin of 2,922.66%.The firm had revenue of $0.88 million for the quarter.

Insider Transactions at Trump Media & Technology Group

In other Trump Media & Technology Group news, Director Eric Swider sold 5,000 shares of the business's stock in a transaction on Friday, August 29th. The stock was sold at an average price of $17.61, for a total value of $88,050.00. Following the transaction, the director owned 24,041 shares of the company's stock, valued at approximately $423,362.01. The trade was a 17.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 53.00% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Golden State Wealth Management LLC lifted its position in Trump Media & Technology Group by 21.6% during the 1st quarter. Golden State Wealth Management LLC now owns 2,308 shares of the company's stock worth $45,000 after buying an additional 410 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of Trump Media & Technology Group by 1.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 41,031 shares of the company's stock worth $802,000 after acquiring an additional 530 shares during the last quarter. Main Street Group LTD lifted its position in shares of Trump Media & Technology Group by 43.1% during the second quarter. Main Street Group LTD now owns 1,908 shares of the company's stock worth $34,000 after purchasing an additional 575 shares in the last quarter. Deutsche Bank AG grew its stake in shares of Trump Media & Technology Group by 16.7% during the first quarter. Deutsche Bank AG now owns 4,038 shares of the company's stock valued at $79,000 after purchasing an additional 579 shares during the last quarter. Finally, Vermillion & White Wealth Management Group LLC grew its stake in shares of Trump Media & Technology Group by 37.2% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 2,166 shares of the company's stock valued at $39,000 after purchasing an additional 587 shares during the last quarter. 4.29% of the stock is owned by institutional investors.

About Trump Media & Technology Group

Trump Media & Technology Group Corp. engages in operating social media and in the technology business. Its brands include TRUTH Social, TMTG+ and TMTG News. The company was founded on March 28, 2024 and is headquartered in Sarasota, FL.

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