Newsmax (NYSE:NMAX) Shares Gap Up on Strong Earnings

Newsmax Inc. (NYSE:NMAX) shares gapped up before the market opened on Friday following a better than expected earnings announcement. The stock had previously closed at $7.29, but opened at $9.25. Newsmax shares last traded at $9.8160, with a volume of 1,060,791 shares trading hands.

The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.14. Newsmax had a negative net margin of 3.15% and a negative return on equity of 8.28%. The business had revenue of $55.00 million for the quarter.

Latest Newsmax News

Investors following NMAX have been watching these news items:

• Positive Sentiment: Freedom Broker upgraded NMAX from “hold” to “buy” and set a $10 price target, a vote of confidence that may support investor sentiment. Freedom Broker rating
• Positive Sentiment: One report says Newsmax issued 2026 revenue guidance of $226 million–$230 million, above the cited consensus estimate of $213.9 million. Revenue guidance report
• Neutral Sentiment: Another report says the company reaffirmed 2026 revenue guidance of $212 million–$216 million, which conflicts with the higher range cited elsewhere. Investors may want to verify the company’s guidance directly. Revenue guidance report

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on NMAX. Freedom Broker raised Newsmax from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research note on Friday. Freedom Capital raised Newsmax from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a research report on Friday. Wall Street Zen downgraded Newsmax from a “buy” rating to a “hold” rating in a report on Saturday, October 17th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Newsmax in a report on Friday, October 2nd. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $10.00.

Insider Activity at Newsmax

In related news, major shareholder Conyers Investments Llc sold 22,000 shares of Newsmax stock in a transaction on Tuesday, September 22nd. The stock was sold at an average price of $11.07, for a total transaction of $243,540.00. Following the sale, the insider directly owned 21,965,639 shares in the company, valued at approximately $243,159,623.73. This trade represents a 0.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing 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 three months. Company insiders own 61.03% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. NewEdge Advisors LLC increased 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 valued at $91,000 after purchasing an additional 1,282 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of Newsmax by 5.1% in the 1st quarter. Cetera Investment Advisers now owns 35,302 shares of the company’s stock worth $184,000 after buying an additional 1,725 shares during the last quarter. Global Retirement Partners LLC boosted its holdings 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 worth $34,000 after buying an additional 2,081 shares during the last quarter. Provenance Wealth Advisors LLC bought a new position in Newsmax during the third quarter valued at about $25,000. Finally, Kestra Advisory Services LLC grew its position in Newsmax by 6.9% during the first quarter. Kestra Advisory Services LLC now owns 41,747 shares of the company’s stock valued at $218,000 after buying an additional 2,697 shares during the period.

Newsmax Stock Up 34.7%

The company’s 50-day moving average is $9.47 and its two-hundred day moving average is $8.02. The company has a market cap of $1.27 billion, a P/E ratio of -196.32 and a beta of 2.71.

About Newsmax

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.