New insider activity at Nexstar Media Group ( (NXST) ) has taken place on March 12, 2025.
Dana Zimmer, the President of Distribution & Strategy at Nexstar Media Group, recently sold 4,846 shares of the company’s stock. This transaction amounted to a total value of $860,988.
Recent Updates on NXST stock
Nexstar Media Group has experienced significant developments recently, with multiple analysts raising their price targets for the company’s stock. Guggenheim increased its target to $220, reflecting updated models based on strong Q4 earnings and management’s positive outlook. Loop Capital upgraded Nexstar to Buy, citing robust quarterly results, potential benefits from local broadcasting deregulation, and a solid dividend yield. Benchmark also raised its target to $225, highlighting Nexstar’s distinct performance compared to peers and the potential for further gains even without regulatory changes. These adjustments follow Nexstar’s report of record Q4 revenue and net income, driven by political advertising growth, effective cost management, and strategic debt reduction. The company remains optimistic about its 2025 financial prospects, focusing on distribution contract renewals and profitability enhancements.
More about Nexstar Media Group
YTD Price Performance: 13.39%
Average Trading Volume: 405,200
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $5.4B
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