Core Insights - Newsmax has a current consensus rating of "Hold" with a price target of $21.50 according to MarketBeat.com [1] - The company's stock has experienced a decline of 2.1% recently [2] Financial Performance - Newsmax reported earnings per share of $0.04 for the last quarter, with revenue of $52.24 million [3] - The company has a negative net margin of 55.99% and a negative return on equity of 255.61% [3] Market Capitalization and Stock Metrics - Newsmax has a market capitalization of $756.05 million and a price-to-earnings ratio of -5.05 [2] - The 50-day simple moving average is $6.59, while the 200-day simple moving average is $8.70 [2] Institutional Activity - Significant institutional investments have occurred, with Greenwich Wealth Management acquiring a stake worth $176.21 million [4] - State Street Corp increased its stake by 520.9%, now owning shares valued at $4.86 million [4] - Geode Capital Management increased its stake by 329.1%, now holding shares worth $4.44 million [4] - Goldman Sachs Group Inc. raised its position by 1,033.1%, owning shares worth $3.55 million [4] - UBS Group AG boosted its stake by 4,495.3%, now holding shares valued at $3.26 million [4] Company Overview - Newsmax is a diversified media company that produces conservative-oriented news and operates across various platforms, including cable, digital streaming, and print [5] - The company was originally launched as a news website in 1998 and expanded into print and cable news in subsequent years [6]