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Nexstar Media Group, Inc. (NASDAQ:NXST), a media company with a market capitalization of $5.4 billion and an attractive P/E ratio of 8.2, saw its Executive Vice President and Chief Communications Officer Gary Weitman recently sell 1,241 shares of the company’s common stock. According to InvestingPro analysis, the company currently shows strong financial health with a "GREAT" overall rating. The transaction, which took place on March 7, 2025, was executed at a price of $177.21 per share, totaling approximately $219,917. Following this sale, Weitman holds 3,975 shares of Nexstar Media stock. The sale was disclosed in a filing with the Securities and Exchange Commission. Despite this insider sale, InvestingPro data reveals that management has been actively buying back shares, and the company’s Fair Value analysis suggests it may be undervalued. For deeper insights and access to 12+ exclusive ProTips about NXST, consider exploring InvestingPro’s comprehensive research report.
In other recent news, Nexstar Media Group reported its fourth-quarter 2024 earnings, achieving a record full-year revenue of $5.4 billion, despite missing the forecasted EPS of $8.41 with an actual EPS of $7.56. Nexstar’s adjusted EBITDA for the fourth quarter was $628 million, surpassing Guggenheim’s estimates, which had projected $586 million. Guggenheim responded to these results by raising Nexstar’s stock price target to $220, maintaining a Buy rating, and highlighting Nexstar’s strategic initiatives and the positive impact of reduced losses at The CW network. Additionally, Benchmark analyst Daniel Kurnos increased the price target for Nexstar to $225 while keeping a Buy rating, citing the company’s unique position and optimistic guidance for distribution growth.
Nexstar has projected its 2025 EBITDA to range between $1.5 billion and $1.595 billion, with Guggenheim setting their expectation at $1.542 billion, reflecting confidence in Nexstar’s strategic initiatives and recent performance trends. The company anticipates flat distribution revenue for 2025, supported by the renewal of 60% of its subscriber base, which is expected to benefit its 2026 financials. Nexstar also plans to achieve profitability for The CW network by 2026, with significant reductions in losses already achieved. These developments underscore the company’s strategic focus on operational improvements and its position in the media industry.
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