GuruFocus - On August 27, 2024, Rachel Morgan, Executive Vice President and General Counsel of Nexstar Media Group Inc (NASDAQ:NXST), sold 6,196 shares of the company. The transaction was executed at a price of $171.3 per share, as detailed in the SEC Filing. Following this sale, the insider now owns 0 shares of Nexstar Media Group Inc.
Nexstar Media Group Inc operates as a television broadcasting and digital media company, focusing on the acquisition, development, and operation of television stations and interactive community websites in the United States.
Over the past year, Rachel Morgan has sold a total of 6,520 shares of Nexstar Media Group Inc and has not made any purchases of the stock. This recent sale is part of a broader trend observed within the company, where there have been 54 insider sells and no insider buys over the past year.
The shares of Nexstar Media Group Inc were trading at $171.3 on the day of the sale, giving the company a market cap of approximately $5.462 billion. The price-earnings ratio of the company stands at 13.36, which is lower than the industry median of 17.21.
According to the GF Value, the intrinsic value of Nexstar Media Group Inc is estimated at $209.28 per share, suggesting that the stock is Modestly Undervalued with a price-to-GF-Value ratio of 0.82.
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 outcomes.
This sale by the insider may be of interest to current and potential investors, providing insight into insider sentiment and potential future stock performance.
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.
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