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) posted its quarterly earnings results on Tuesday. The company reported ($0.59) earnings per share for the quarter, Zacks reports. Newsmax updated its FY 2025 guidance to EPS.

Newsmax Trading Down 6.9%

NMAX traded down $0.9550 during trading hours on Tuesday, reaching $12.9750. 1,318,221 shares of the stock traded hands, compared to its average volume of 1,811,750. The business's fifty day moving average price is $13.51. Newsmax has a fifty-two week low of $11.40 and a fifty-two week high of $265.00.

Analyst Upgrades and Downgrades

Separately, Maxim Group began coverage on shares of Newsmax in a research report on Thursday, July 24th. They issued a "buy" rating and a $20.00 price objective for the company. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Newsmax has a consensus rating of "Buy" and an average target price of $20.00.

Institutional Investors Weigh In On Newsmax

A number of large investors have recently added to or reduced their stakes in NMAX. Bank of America Corp DE boosted its stake in Newsmax by 910,880.0% during the 2nd quarter. Bank of America Corp DE now owns 136,647 shares of the company's stock valued at $2,067,000 after acquiring an additional 136,632 shares during the last quarter. HRT Financial LP boosted its stake in Newsmax by 4,150.9% during the 2nd quarter. HRT Financial LP now owns 103,934 shares of the company's stock valued at $1,572,000 after acquiring an additional 101,489 shares during the last quarter. Geode Capital Management LLC bought a new position in Newsmax during the 2nd quarter valued at $1,425,000. Balyasny Asset Management L.P. bought a new position in Newsmax during the 2nd quarter valued at $1,279,000. Finally, BNP Paribas Financial Markets bought a new position in Newsmax during the 2nd quarter valued at $1,065,000.

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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