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Dana Zimmer, President of Distribution & Strategy at Nexstar Media Group (NASDAQ:NXST), recently sold 4,846 shares of the company’s common stock. The transaction, dated March 7, 2025, was executed at an average price of $177.68 per share, amounting to a total sale value of approximately $861,021. Following this transaction, Zimmer holds 1,792 shares directly in the company. Despite the insider sale, Nexstar trades at an attractive P/E ratio of 7.86, and management has been actively buying back shares. For deeper insights into insider trading patterns and 12+ additional exclusive ProTips, consider accessing the comprehensive research available on InvestingPro.
In other recent news, Nexstar Media Group has reported its fourth-quarter 2024 earnings, revealing a record full-year revenue of $5.4 billion, the highest in its history. Despite missing the earnings per share forecast with an EPS of $7.56 against the expected $8.41, the company demonstrated resilience through strategic initiatives and operational improvements. Guggenheim analysts responded positively to these results, raising their price target for Nexstar to $220 from $210 and maintaining a Buy rating, citing Nexstar’s management and future financial projections as key factors. Benchmark analyst Daniel Kurnos also increased Nexstar’s price target to $225 from $200, maintaining a Buy rating, and highlighted the company’s unique position and ability to guide distribution growth as flattish for the year.
Nexstar’s fourth-quarter revenue reached $1.488 billion, surpassing Guggenheim’s estimate of $1.479 billion, with adjusted EBITDA hitting $628 million, exceeding expectations due to higher revenue and reduced losses at The CW network. The company provided guidance for its 2025 EBITDA, projecting a range between $1.500 billion and $1.595 billion, with Guggenheim setting their expectation at $1.542 billion. Nexstar anticipates stable distribution revenue in 2025, supported by the renewal of 60% of the subscriber base towards the end of the year. Analysts have noted Nexstar’s strategic initiatives, such as the transformation of The CW Network and strengthening its position in local broadcast television, as contributors to its positive outlook.
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