Newsmax (NYSE:NMAX) Stock Lifted to “Buy” by Freedom Broker

Newsmax (NYSE:NMAX) was upgraded by equities research analysts at Freedom Broker from a “hold” rating to a “buy” rating in a research note issued on Friday, Marketbeat.com reports. The brokerage presently has a $10.00 target price on the stock. Freedom Broker‘s price target would indicate a potential upside of 37.08% from the stock’s current price.

A number of other equities research analysts have also recently weighed in on NMAX. Wall Street Zen cut Newsmax from a “buy” rating to a “hold” rating in a research note on Saturday, October 17th. Weiss Ratings restated a “sell (e+)” rating on shares of Newsmax in a research report on Friday, October 2nd. Finally, Freedom Capital 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. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $10.00.

Newsmax Stock Down 5.7%

NYSE:NMAX opened at $7.29 on Friday. The stock’s fifty day moving average is $9.47 and its two-hundred day moving average is $8.02. Newsmax has a 52 week low of $5.11 and a 52 week high of $12.11. The stock has a market capitalization of $942.22 million, a price-to-earnings ratio of -145.90 and a beta of 2.71.

Newsmax (NYSE:NMAX) last announced its quarterly earnings data on Thursday, November 12th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.14. Newsmax had a negative return on equity of 8.28% and a negative net margin of 3.15%. The business had revenue of $55.00 million for the quarter. On average, sell-side analysts expect that Newsmax will post -0.02 EPS for the current fiscal year.

Insider Activity

In other Newsmax news, major shareholder Conyers Investments Llc sold 22,000 shares of Newsmax stock in a transaction that occurred 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 $243,159,623.73. The trade was a 0.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 494,886 shares of company stock worth $5,611,995 over the last 90 days. 61.03% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Newsmax

A number of institutional investors have recently modified their holdings of the business. Ieq Capital LLC grew its stake in Newsmax by 3.1% during the 3rd quarter. Ieq Capital LLC now owns 184,906 shares of the company’s stock worth $1,999,000 after buying an additional 5,630 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Newsmax by 5.0% during the 1st quarter. Bank of New York Mellon Corp now owns 110,775 shares of the company’s stock worth $578,000 after buying an additional 5,283 shares in the last quarter. Kestra Advisory Services LLC raised its holdings in Newsmax by 6.9% during the first quarter. Kestra Advisory Services LLC now owns 41,747 shares of the company’s stock worth $218,000 after purchasing an additional 2,697 shares in the last quarter. Cetera Investment Advisers raised its stake 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 in the last quarter. Finally, Entropy Technologies LP lifted its holdings in Newsmax by 54.7% in the 1st quarter. Entropy Technologies LP now owns 35,280 shares of the company’s stock valued at $184,000 after acquiring an additional 12,480 shares during the last quarter.

Key Stories Impacting Newsmax

Here are a few of the latest stories about NMAX:

• Positive Sentiment: Analyst upgrade: Freedom Capital raised Newsmax to “buy” from “hold” and set a $10 price target, implying substantial upside from the cited $7.29 share price. Freedom Capital ratings
• Neutral Sentiment: Outlook figures vary: One report says Newsmax reaffirmed 2026 revenue guidance of $212 million–$216 million, while another lists guidance of $226 million–$230 million. The discrepancy makes the outlook difficult to assess from these reports alone. Revenue guidance report
• Negative Sentiment: Insider selling: A third-party report said insiders made 13 open-market sales and no purchases over the past six months, including 544,486 shares sold by one entity. This could be a sentiment overhang, though it does not by itself establish the reason for the sales. Insider activity report

Newsmax Company Profile

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.