Today, the EVP of Nexstar (NASDAQ: NXST), Brian Jones, sold shares of NXST for $170.1K.
Following Brian Jones’ last NXST Sell transaction on June 11, 2018, the stock climbed by 3.0%. In addition to Brian Jones, one other NXST executive reported Sell trades in the last month.
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Based on Nexstar’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $615 million and quarterly net profit of $48.12 million. In comparison, last year the company earned revenue of $540 million and had a net profit of $6.05 million. NXST’s market cap is $3.47B and the company has a P/E ratio of 6.97. Currently, Nexstar has an average volume of 155.7K.
Based on 4 analyst ratings, the analyst consensus is Strong Buy with an average price target of $92.33, reflecting a -17.5% downside.
The insider sentiment on Nexstar has been negative according to 54 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Brian Jones’ trades have generated a -8.6% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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Nexstar Media Group, Inc. is a television broadcasting and digital media company, which focuses on the acquisition, development and operation of television stations and interactive community websites and digital media services in the U.S. The company provides services free over-the-air programming which includes programs produced by networks with which the st
