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’s stock. The transaction was performed 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. is a television and digital media company focused on acquiring, developing and operating 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 made no purchases. This recent sale is part of a broader trend seen within the company. Over the past year, there have been 54 insider sales and no insider purchases.

Nexstar Media Group Inc. shares were trading at $171.3 on the day of the sale, giving the company a market capitalization of approximately $5.462 billion. The company’s price-to-earnings ratio is 13.36, which is below the industry average of 17.21.

According to GF Value, Nexstar Media Group Inc.’s intrinsic value is estimated at $209.28 per share, suggesting that the stock is slightly undervalued with a price-to-value ratio of 0.82.

The GF value is calculated based on historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio and price-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 prospective investors as it provides insight into insider sentiment and potential future stock performance.

This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.

This article first appeared on GuruFocus.