Newsmax (NYSE:NMAX) Upgraded to Buy at Freedom Capital

Newsmax (NYSE:NMAX - Get Free Report) was upgraded by research analysts at Freedom Capital from a "hold" rating to a "buy" rating in a research note issued to investors on Friday, FinViz reports. The brokerage currently has a $10.00 target price on the stock. Freedom Capital's target price would indicate a potential upside of 37.08% from the company's previous close.

Several other brokerages have also issued reports on NMAX. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Newsmax in a research note on Friday, October 2nd. Freedom Broker raised shares of Newsmax to a "hold" rating in a research note on Wednesday, October 14th. Finally, Wall Street Zen lowered shares of Newsmax from a "buy" rating to a "hold" rating in a report on Saturday, October 17th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $10.00.

Newsmax Stock Down 5.7%

Newsmax stock opened at $7.29 on Friday. The business's 50-day simple moving average is $9.47 and its 200 day simple moving average is $8.02. The stock has a market cap of $942.22 million, a price-to-earnings ratio of -145.90 and a beta of 2.71. Newsmax has a 12-month low of $5.11 and a 12-month high of $12.11.

Newsmax (NYSE:NMAX - Get Free Report) last announced its quarterly earnings data on Thursday, November 12th. The company reported $0.12 EPS for the quarter, topping analysts' consensus estimates of ($0.02) by $0.14. The firm had revenue of $55.00 million during the quarter. Newsmax had a negative return on equity of 8.28% and a negative net margin of 3.15%. As a group, sell-side analysts expect that Newsmax will post -0.02 EPS for the current year.

Insider Activity at Newsmax

In related news, major shareholder Conyers Investments Llc sold 22,000 shares of the company's stock in a transaction dated Tuesday, September 22nd. The stock was sold at an average price of $11.07, for a total value of $243,540.00. Following the completion of the sale, the insider owned 21,965,639 shares in the company, valued at approximately $243,159,623.73. This represents a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders sold 494,886 shares of company stock worth $5,611,995 over the last ninety days. 61.03% of the stock is owned by insiders.

Hedge Funds Weigh In On Newsmax

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC grew its position in shares of Newsmax by 7.9% during the 1st quarter. NewEdge Advisors LLC now owns 17,415 shares of the company's stock worth $91,000 after buying an additional 1,282 shares during the period. Cetera Investment Advisers raised its position in shares of Newsmax by 5.1% in the 1st quarter. Cetera Investment Advisers now owns 35,302 shares of the company's stock valued at $184,000 after acquiring an additional 1,725 shares during the period. Global Retirement Partners LLC raised its position in shares of Newsmax by 191.8% in the 3rd quarter. Global Retirement Partners LLC now owns 3,166 shares of the company's stock valued at $34,000 after acquiring an additional 2,081 shares during the period. Provenance Wealth Advisors LLC bought a new position in Newsmax during the 3rd quarter worth approximately $25,000. Finally, Kestra Advisory Services LLC boosted its stake in Newsmax by 6.9% during the 1st quarter. Kestra Advisory Services LLC now owns 41,747 shares of the company's stock worth $218,000 after acquiring an additional 2,697 shares during the last quarter.

Newsmax News Roundup

These are some of the NMAX news items that stood out recently:

• Positive Sentiment: Q3 revenue was reported at $69 million, up 52.5% year over year and ahead of the $50.8 million analyst estimate. EPS of $0.12 also topped expectations for a loss, alongside $15.2 million in net income and positive operating cash flow. Strong interest around the midterm elections was cited as a driver of results. Article: Newsmax Q3 earnings
• Neutral Sentiment: Coverage gives conflicting figures for 2026 revenue guidance: one report says Newsmax reaffirmed a $212 million–$216 million range, while another says it issued a $226 million–$230 million range. That discrepancy leaves the outlook less clear for investors. Article: Newsmax revenue guidance
• Negative Sentiment: Insider-trading data cited in the earnings coverage shows 13 open-market sales and no purchases by insiders over the past six months, a potential concern for investors despite the strong quarterly results. Article: Newsmax Q3 earnings and insider trading

Newsmax Company Profile

Newsmax is a multimedia news company that produces and distributes news, opinion and lifestyle content. Its offerings include the Newsmax television network, digital news and video platforms, and print publications such as Newsmax magazine. Founded in 1998 by Christopher Ruddy, the company is based in Boca Raton, Florida. Ruddy serves as Newsmax's chief executive officer. Newsmax reaches audiences in the United States and abroad through television distribution and its digital platforms, which provide news coverage, commentary and other programming.

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