Newsmax (NYSE:NMAX) Raised to “Buy” at Freedom Capital

Newsmax (NYSE:NMAX) was upgraded by investment analysts at Freedom Capital from a “hold” rating to a “buy” rating in a note issued to investors on Friday, FinViz reports. The brokerage currently has a $10.00 price target on the stock. Freedom Capital‘s price objective indicates a potential upside of 37.08% from the company’s previous close.

Several other equities analysts have also recently weighed in on NMAX. Freedom Broker upgraded Newsmax to a “hold” rating in a report on Wednesday, October 14th. Weiss Ratings reissued a “sell (e+)” rating on shares of Newsmax in a research note on Friday, October 2nd. Finally, Wall Street Zen cut Newsmax from a “buy” rating to a “hold” rating in a research note on Saturday, October 17th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $10.00.

Newsmax Trading Down 5.7%

Shares of Newsmax stock opened at $7.29 on Friday. The stock’s fifty day simple moving average is $9.47 and its 200 day simple moving average is $8.02. The company has a market capitalization of $942.22 million, a PE ratio of -145.90 and a beta of 2.71. Newsmax has a 12 month low of $5.11 and a 12 month high of $12.11.

Newsmax (NYSE:NMAX) last posted its earnings results on Thursday, November 12th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $55.00 million during the quarter. Analysts predict that Newsmax will post -0.02 EPS for the current fiscal year.

Insider Activity at Newsmax

In related news, major shareholder Conyers Investments Llc sold 22,000 shares of the business’s stock in a transaction on Tuesday, September 22nd. The shares were sold at an average price of $11.07, for a total value of $243,540.00. Following the sale, the insider directly owned 21,965,639 shares of the company’s stock, valued at approximately $243,159,623.73. The trade was a 0.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have sold 494,886 shares of company stock worth $5,611,995 in the last quarter. Company insiders own 61.03% of the company’s stock.

Institutional Trading of Newsmax

Several hedge funds and other institutional investors have recently modified their holdings of NMAX. Bank of New York Mellon Corp bought a new stake in shares of Newsmax in the second quarter valued at about $814,000. Allworth Financial LP grew its holdings in shares of Newsmax by 55.4% during the second quarter. Allworth Financial LP now owns 11,983 shares of the company’s stock worth $99,000 after buying an additional 4,270 shares in the last quarter. Arizona State Retirement System acquired a new stake in Newsmax in the 2nd quarter valued at approximately $98,000. Integrated Wealth Concepts LLC acquired a new stake in Newsmax in the 2nd quarter valued at approximately $67,000. Finally, Ieq Capital LLC lifted its stake in Newsmax by 3.1% in the 3rd quarter. Ieq Capital LLC now owns 184,906 shares of the company’s stock valued at $1,999,000 after acquiring an additional 5,630 shares in the last quarter.

Recent Newsmax Headlines

These are some of the NMAX headlines that stood out recently:

• Positive Sentiment: Q3 revenue was reported at $69 million, up 52.5% year over year and ahead of the $50.8 million analyst estimate. EPS of $0.12 also topped expectations for a loss, alongside $15.2 million in net income and positive operating cash flow. Strong interest around the midterm elections was cited as a driver of results. Article: Newsmax Q3 earnings
• Neutral Sentiment: Coverage gives conflicting figures for 2026 revenue guidance: one report says Newsmax reaffirmed a $212 million–$216 million range, while another says it issued a $226 million–$230 million range. That discrepancy leaves the outlook less clear for investors. Article: Newsmax revenue guidance
• Negative Sentiment: Insider-trading data cited in the earnings coverage shows 13 open-market sales and no purchases by insiders over the past six months, a potential concern for investors despite the strong quarterly results. Article: Newsmax Q3 earnings and insider trading

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.