Heck Capital Advisors LLC Takes $419,000 Position in Newsmax Inc. $NMAX

Key Points

• Heck Capital Advisors LLC acquired a new position in Newsmax Inc. (~$419,000), buying 27,689 shares in the second quarter, according to SEC filings.
• Newsmax's stock price opened at $13.08 with a 52-week range between $11.40 and $265.00.
• Analysts have mixed ratings for Newsmax, with two "Buy" ratings, one "Hold," and one "Sell," resulting in an average price target of $21.50.

Heck Capital Advisors LLC purchased a new position in Newsmax Inc. (NYSE:NMAX - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 27,689 shares of the company's stock, valued at approximately $419,000.

Several other large investors have also bought and sold shares of NMAX. Flagship Harbor Advisors LLC bought a new position in shares of Newsmax in the 1st quarter worth approximately $551,000. Golden State Wealth Management LLC purchased a new stake in Newsmax in the first quarter worth $39,000. Allworth Financial LP bought a new position in Newsmax in the first quarter worth $89,000. CWM LLC bought a new position in Newsmax in the first quarter worth $47,000. Finally, Woodard & Co. Asset Management Group Inc. ADV purchased a new position in Newsmax during the first quarter valued at $217,000.

Newsmax Price Performance

Shares of Newsmax stock opened at $13.08 on Tuesday. The business has a 50-day moving average price of $13.09. Newsmax Inc. has a 52-week low of $11.40 and a 52-week high of $265.00.

Newsmax (NYSE:NMAX - Get Free Report) last posted its quarterly earnings results on Tuesday, August 19th. The company reported ($0.59) EPS for the quarter. The firm had revenue of $46.44 million for the quarter. Newsmax has set its FY 2025 guidance at EPS.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Newsmax in a research report on Saturday, September 27th. Noble Financial began coverage on shares of Newsmax in a report on Thursday, August 21st. They issued an "outperform" rating and a $23.00 price objective on the stock. Wall Street Zen downgraded shares of Newsmax from a "hold" rating to a "sell" rating in a research note on Friday. Zacks Research upgraded shares of Newsmax to a "hold" rating in a report on Friday, August 22nd. Finally, Maxim Group began coverage on Newsmax in a research note on Thursday, July 24th. They issued a "buy" rating and a $20.00 price target on the stock. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $21.50.

Newsmax Company Profile

Newsmax Inc is a holding company that owns 100% of the equity interests of its operating company Newsmax Media, Inc (“Newsmax Media”). Newsmax Media and its subsidiaries operate the businesses described in this Offering Circular. Newsmax Media has six wholly-owned subsidiaries: Newsmax Broadcasting, LLC, a Florida limited liability company (“Newsmax Broadcasting”), Crown Atlantic Insurance, LLC, a Florida limited liability company (“Crown Atlantic”), Humanix Publishing, LLC, a Florida limited liability company (“Humanix Publishing”), Medix Health LLC, a Florida limited liability company (“Medix Health”), ROI Media Strategies, LLC, a Florida limited liability company (“ROI Media Strategies”), and Newsmax Radio LLC, a Florida limited liability company (“Newsmax Radio,” and together with Newsmax Media, Newsmax Broadcasting, Crown Atlantic Insurance, Humanix Publishing, Medix Health, and ROI Media Strategies, the “Subsidiaries”).

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