PFS Partners LLC Invests $52,000 in Newsmax Inc. $NMAX

PFS Partners LLC acquired a new position in Newsmax Inc. (NYSE:NMAX) during the 2nd quarter, HoldingsChannel.com reports. The firm acquired 3,414 shares of the company’s stock, valued at approximately $52,000.

Other large investors have also recently modified their holdings of the company. Arkansas Financial Group Inc. purchased a new position in shares of Newsmax in the second quarter worth about $327,000. West Oak Capital LLC bought a new stake in shares of Newsmax in the second quarter worth about $30,000. Allworth Financial LP bought a new stake in shares of Newsmax in the first quarter worth about $89,000. Woodard & Co. Asset Management Group Inc. ADV bought a new stake in shares of Newsmax in the first quarter worth about $217,000. Finally, Krilogy Financial LLC bought a new stake in shares of Newsmax in the second quarter worth about $240,000.

Newsmax Trading Up 0.3%

NMAX stock opened at $12.68 on Friday. Newsmax Inc. has a fifty-two week low of $11.40 and a fifty-two week high of $265.00. The stock’s 50 day moving average price is $13.27.

Newsmax (NYSE:NMAX) last posted its earnings results on Tuesday, August 19th. The company reported ($0.59) earnings per share for the quarter. The business had revenue of $46.44 million during the quarter. Newsmax has set its FY 2025 guidance at EPS.

Analyst Upgrades and Downgrades

NMAX has been the topic of several recent analyst reports. Zacks Research raised Newsmax to a “hold” rating in a research note on Friday, August 22nd. Noble Financial initiated coverage on Newsmax in a research note on Thursday, August 21st. They issued an “outperform” rating and a $23.00 target price on the stock. Wall Street Zen raised Newsmax from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. Finally, Maxim Group initiated coverage on Newsmax in a research note on Thursday, July 24th. They issued a “buy” rating and a $20.00 target price on the stock. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $21.50.

About Newsmax

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”).