Trump Media & Technology Group (NASDAQ:DJT) Shares Down 7.7% – Here’s What Happened

Trump Media & Technology Group Corp. (NASDAQ:DJT) shares fell 7.7% on Friday. The stock traded as low as $4.51 and last traded at $4.5850. 4,190,098 shares changed hands during mid-day trading, a decline of 8% from the average session volume of 4,566,741 shares. The stock had previously closed at $4.97.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Wall Street Zen cut Trump Media & Technology Group from a “sell” rating to a “strong sell” rating in a research report on Sunday, November 1st. Weiss Ratings downgraded Trump Media & Technology Group from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, September 2nd. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Trump Media & Technology Group Stock Performance

The stock has a market cap of $1.31 billion, a price-to-earnings ratio of -1.40 and a beta of 1.35. The stock’s 50-day simple moving average is $7.45 and its two-hundred day simple moving average is $8.93.

Trump Media & Technology Group (NASDAQ:DJT) last released its quarterly earnings results on Monday, November 9th. The company reported $1.38 earnings per share (EPS) for the quarter. The company had revenue of $2.97 million during the quarter. Trump Media & Technology Group had a negative net margin of 12,890.59% and a negative return on equity of 40.61%.

Hedge Funds Weigh In On Trump Media & Technology Group

Several large investors have recently made changes to their positions in the business. Bank of New York Mellon Corp grew its holdings in Trump Media & Technology Group by 0.3% in the 1st quarter. Bank of New York Mellon Corp now owns 417,269 shares of the company’s stock valued at $3,872,000 after buying an additional 1,398 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Trump Media & Technology Group by 11.9% during the first quarter. NewEdge Advisors LLC now owns 13,966 shares of the company’s stock worth $130,000 after buying an additional 1,488 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of Trump Media & Technology Group by 8.5% during the first quarter. Royal Bank of Canada now owns 21,451 shares of the company’s stock worth $200,000 after buying an additional 1,676 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Trump Media & Technology Group by 55.6% during the third quarter. Farther Finance Advisors LLC now owns 4,734 shares of the company’s stock worth $43,000 after buying an additional 1,691 shares during the last quarter. Finally, Axxcess Wealth Management LLC boosted its position in shares of Trump Media & Technology Group by 2.8% in the third quarter. Axxcess Wealth Management LLC now owns 72,161 shares of the company’s stock valued at $654,000 after acquiring an additional 1,960 shares during the period. Institutional investors and hedge funds own 4.29% of the company’s stock.

Trump Media & Technology Group Company Profile

Trump Media & Technology Group operates Truth Social, a social media platform where users can publish posts called “Truths,” share other users’ posts and follow accounts. The company has positioned the platform as an alternative social network focused on open expression. The company has expanded beyond social media with Truth+, a streaming service offering video content, and Truth.Fi, a financial services and investment brand announced in 2025. Its offerings and business activities are primarily directed toward U.S. users and customers.