Trump Media & Technology Group (NASDAQ:DJT - Get Free Report)'s stock had its "sell (e+)" rating restated by equities researchers at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.
Trump Media & Technology Group Price Performance
Shares of NASDAQ:DJT traded up $0.24 on Wednesday, reaching $17.26. 5,153,782 shares of the company traded hands, compared to its average volume of 7,509,051. Trump Media & Technology Group has a fifty-two week low of $15.42 and a fifty-two week high of $54.68. The company's 50 day moving average is $17.24 and its 200-day moving average is $19.66. The stock has a market capitalization of $4.78 billion, a PE ratio of -35.22 and a beta of 4.59. The company has a debt-to-equity ratio of 0.41, a current ratio of 132.60 and a quick ratio of 132.60.
Trump Media & Technology Group (NASDAQ:DJT - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The company reported ($0.08) EPS for the quarter. Trump Media & Technology Group had a negative net margin of 2,922.66% and a negative return on equity of 8.86%. The company had revenue of $0.88 million for the quarter.
Trump Media & Technology Group announced that its Board of Directors has approved a share repurchase plan on Monday, June 23rd that authorizes the company to buyback $400.00 million in shares. This buyback authorization authorizes the company to reacquire up to 10.2% of its stock through open market purchases. Stock buyback plans are often a sign that the company's board believes its shares are undervalued.
Insider Activity at Trump Media & Technology Group
In other news, Director Eric Swider sold 5,000 shares of the stock in a transaction on Friday, August 29th. The stock was sold at an average price of $17.61, for a total transaction of $88,050.00. Following the completion of the sale, the director owned 24,041 shares in the company, valued at approximately $423,362.01. This represents a 17.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 53.00% of the company's stock.
Institutional Trading of Trump Media & Technology Group
Large investors have recently added to or reduced their stakes in the company. Main Street Group LTD raised its stake in Trump Media & Technology Group by 43.1% during the 2nd quarter. Main Street Group LTD now owns 1,908 shares of the company's stock valued at $34,000 after purchasing an additional 575 shares during the period. Meeder Asset Management Inc. acquired a new stake in Trump Media & Technology Group during the 1st quarter valued at $39,000. Vermillion & White Wealth Management Group LLC raised its stake in Trump Media & Technology Group by 37.2% during the 2nd 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 period. Golden State Wealth Management LLC raised its stake 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 valued at $45,000 after purchasing an additional 410 shares during the period. Finally, Daiwa Securities Group Inc. raised its stake in Trump Media & Technology Group by 68.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 3,012 shares of the company's stock valued at $54,000 after purchasing an additional 1,223 shares during the period. 4.29% of the stock is owned by institutional investors and hedge funds.
Trump Media & Technology Group Company Profile
(
Get Free Report)
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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