The President & COO of Nexstar Media Group (NASDAQ: NXST) is Selling Shares

By Carrie Williams

On September 24, the President & COO of Nexstar Media Group (NXSTResearch Report), Thomas Carter, sold shares of NXST for $385.5K.

Following Thomas Carter’s last NXST Sell transaction on March 23, 2021, the stock climbed by 10.4%. In addition to Thomas Carter, 5 other NXST executives reported Sell trades in the last month.

See today’s analyst top recommended stocks >>

Based on Nexstar Media Group’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $1.13 billion and quarterly net profit of $200 million. In comparison, last year the company earned revenue of $915 million and had a net profit of $99.6 million. The company has a one-year high of $163.62 and a one-year low of $80.42. Currently, Nexstar Media Group has an average volume of 387.05K.

Based on 3 analyst ratings, the analyst consensus is Strong Buy with an average price target of $185.67, reflecting a -17.5% downside.

In the last 30 days, insiders have sold $1.52M worth of NXST shares and purchased $91.12K worth of NXST shares. The insider sentiment on Nexstar Media Group has been negative according to 89 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Company insider trades are published daily on the SEC (Securities and Exchange Commission). DailyInsider’s proprietary algorithm analyzes these trades and selects the most attractive stocks based on influential insider trades each day. To subscribe to the DailyInsider visit this page.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Nexstar Media Group, Inc. operates as a television broadcasting and digital media company. It focuses on the acquisition, development and operation of television stations and interactive community websites and digital media services in the U.S. The company provides services free over-the-air programming which includes programs produced by networks with which the stations are affiliated; programs that the stations produce; and first-run and rerun syndicated programs that the stations acquire. It also provides digital publishing and content management platforms to media publishers and advertisers. Nexstar Media Group was founded by Perry A. Sook in 1996 and is headquartered in Irving, TX.