Newsmax (NYSE:NMAX) Announces Earnings Results

Key Points

• Newsmax reported a quarterly earnings loss of ($0.59) per share and updated its FY 2025 guidance.
• Following the earnings announcement, Newsmax's stock traded down 6.9% to $12.9750, with a fifty-two week range of $11.40 to $265.00.
• Analysts have a consensus "Buy" rating on Newsmax, with a price target set at $20.00 per share.

Newsmax (NYSE:NMAX - Get Free Report) issued its quarterly earnings results on Tuesday. The company reported ($0.59) EPS for the quarter, Zacks reports. The company had revenue of $46.44 million during the quarter. Newsmax updated its FY 2025 guidance to EPS.

Newsmax Price Performance

NYSE NMAX traded up $0.69 on Friday, hitting $15.16. The stock had a trading volume of 2,195,777 shares, compared to its average volume of 801,599. The business has a 50-day moving average of $13.56. Newsmax has a 52-week low of $11.40 and a 52-week high of $265.00.

Wall Street Analyst Weigh In

NMAX has been the topic of a number of recent research reports. Noble Financial assumed coverage on Newsmax in a research report on Thursday. They set an "outperform" rating and a $23.00 price target on the stock. Maxim Group started coverage on shares of Newsmax in a research report on Thursday, July 24th. They set a "buy" rating and a $20.00 target price for the company. Finally, Wall Street Zen downgraded shares of Newsmax from a "hold" rating to a "sell" rating in a research note on Friday. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $21.50.

Hedge Funds Weigh In On Newsmax

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NMAX. Osterweis Capital Management Inc. purchased a new stake in shares of Newsmax in the 2nd quarter valued at about $32,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Newsmax during the second quarter worth about $63,000. Tower Research Capital LLC TRC bought a new position in shares of Newsmax in the second quarter worth approximately $76,000. New York State Common Retirement Fund purchased a new stake in Newsmax in the second quarter valued at approximately $117,000. Finally, NewEdge Advisors LLC boosted its holdings in shares of Newsmax by 4,501.4% in the 2nd quarter. NewEdge Advisors LLC now owns 16,105 shares of the company's stock worth $244,000 after purchasing an additional 15,755 shares in the last quarter.

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”).