Newsmax Inc. (NYSE:NMAX - Free Report) - Analysts at Noble Financial boosted their FY2026 EPS estimates for shares of Newsmax in a research report issued on Monday, August 24th. Noble Financial analyst M. Kupinski now expects that the company will post earnings of ($0.02) per share for the year, up from their prior forecast of ($0.07). The consensus estimate for Newsmax's current full-year earnings is ($0.07) per share.
Newsmax (NYSE:NMAX - Get Free Report) last released its quarterly earnings results on Thursday, August 13th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.05. Newsmax had a negative net margin of 3.15% and a negative return on equity of 8.28%. The firm had revenue of $54.12 million during the quarter.
Separately, Weiss Ratings reiterated a "sell (e+)" rating on shares of Newsmax in a research note on Wednesday, July 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of "Sell".
Get Our Latest Stock Report on NMAX
Newsmax Stock Performance
NYSE NMAX opened at $10.55 on Thursday. The firm's fifty day moving average is $8.66 and its two-hundred day moving average is $7.46. Newsmax has a one year low of $5.11 and a one year high of $15.81. The firm has a market cap of $1.36 billion, a PE ratio of -211.00 and a beta of 2.55.
Insider Buying and Selling at Newsmax
In related news, major shareholder Conyers Investments Llc sold 32,416 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $11.02, for a total transaction of $357,224.32. Following the completion of the sale, the insider directly owned 22,762,939 shares of the company's stock, valued at $250,847,587.78. This trade represents a 0.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 61.03% of the stock is currently owned by corporate insiders.
Institutional Trading of Newsmax
Institutional investors have recently modified their holdings of the business. Greenwich Wealth Management LLC purchased a new stake in shares of Newsmax in the fourth quarter valued at about $176,208,000. State Street Corp grew its position in shares of Newsmax by 520.9% in the fourth quarter. State Street Corp now owns 628,315 shares of the company's stock valued at $4,857,000 after purchasing an additional 527,126 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Newsmax by 329.1% during the 4th quarter. Geode Capital Management LLC now owns 574,465 shares of the company's stock worth $4,441,000 after purchasing an additional 440,577 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Newsmax by 1,033.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 458,679 shares of the company's stock worth $3,546,000 after purchasing an additional 418,199 shares during the last quarter. Finally, UBS Group AG raised its position in shares of Newsmax by 4,495.3% during the 4th quarter. UBS Group AG now owns 421,342 shares of the company's stock worth $3,257,000 after purchasing an additional 412,173 shares during the last quarter.
About Newsmax
(
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Newsmax NYSE: NMAX is a diversified media company that produces and distributes conservative-oriented news, opinion and informational content. The company operates across multiple platforms, including a cable news channel, a digital streaming service, a website, a print magazine and various mobile applications. Newsmax focuses on delivering political coverage, financial analysis and cultural commentary to its audience.
Originally launched as a news website in 1998, Newsmax expanded into print with the debut of Newsmax magazine in 2003 and later launched its flagship cable network, Newsmax TV, in 2014.
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