Do futuristic bulls still own Nexstar Media Group Inc [NXST] stock?

The stock of Nexstar Media Group Inc (NASDAQ:NXST) last traded at $151.94, up 0.02% from the previous session.

NXST stock price is now -6.60% away from the 50-day moving average and -3.46% away from the 200-day moving average. The market capitalization of the company currently stands at $4.99B.

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With the price target enhanced from $190 to $221, Wells Fargo Upgraded its rating from Equal Weight to Overweight for Nexstar Media Group Inc (NASDAQ: NXST). On December 08, 2023, Citigroup recently initiated its ‘Neutral’ rating on the stock quoting a target price of $158, while ‘Wells Fargo’ rates the stock as ‘Equal Weight’

In other news, ZIMMER DANA, insider sold 879 shares of the company’s stock on Jun 17 ’24. The stock was sold for $131,037 at an average price of $149.08. Upon completion of the transaction, the insider now directly owns 6,638 shares in the company, valued at $1.01 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 17 ’24, President, Networks COMPTON SEAN sold 840 shares of the business’s stock. A total of $125,223 was realized by selling the stock at an average price of $149.08. This leaves the insider owning 14,614 shares of the company worth $2.22 million. A total of 5.98% of the company’s stock is owned by insiders.

During the past 12 months, Nexstar Media Group Inc has had a low of $132.30 and a high of $187.32. As of last week, the company has a debt-to-equity ratio of 3.07, a current ratio of 1.80, and a quick ratio of 1.80. According to the stock market information, the enterprise value for the company is $11890167808, which is based on a 12.82 price-to-earnings ratio, a 0.22 price-to-earnings-growth ratio, and a beta of 1.48. The fifty day moving average price for NXST is $162.3994 and a two-hundred day moving average price translates $157.33165 for the stock.

The latest earnings results from Nexstar Media Group Inc (NASDAQ: NXST) was released for 2024-03-31. According to the Entertainment Company, earnings per share came in at 2.64, beating analysts’ expectations of 2.35 by 0.29. This compares to $2.35 EPS in the same period last year. The net profit margin was 8.29% and return on equity was 16.62% for NXST. The company reported revenue of $1.28 billion for the quarter, compared to $1.26 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.15 percent. For the current quarter, analysts expect NXST to generate $1.3B in revenue.

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