Blake Russell, Executive Vice President of Operations at Nexstar Media Group Inc (NXST, Financial), sold 2,000 shares of the company on September 17, 2024, as reported in a recent SEC Filing. Following this transaction, the insider now owns 25,111 shares of the company.
Nexstar Media Group Inc operates as a television broadcasting and digital media company in the United States. It focuses on the acquisition, development, and operation of television stations and interactive community websites in medium-sized markets.
Over the past year, Blake Russell has engaged in multiple transactions involving the company's stock, selling a total of 8,727 shares and purchasing none. This recent sale is part of a broader trend observed within the company, where there have been 56 insider sells and no insider buys over the last year.
On the date of the recent transaction, shares of Nexstar Media Group Inc were priced at $168.04, giving the company a market cap of approximately $5.445 billion. The price-earnings ratio of the stock stands at 13.32, which is below the industry median of 17.27.
According to the GF Value, the intrinsic value of the stock is estimated at $212.41, suggesting that Nexstar Media Group Inc is modestly undervalued with a price-to-GF-Value ratio of 0.79.
The GF Value is calculated based on historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company's past performance and expected future business results.
This sale by the insider may be of interest to current and potential investors, providing insight into the insider's perspective on the stock's current valuation and future prospects.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
