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Nexstar Broadcasting Group (NASDAQ:NXST) Director Lisbeth Mcnabb sold 1,250 shares of Nexstar Broadcasting Group stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $46.00, for a total transaction of $57,500.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Shares of Nexstar Broadcasting Group (NASDAQ:NXST) traded up 13.49% on Wednesday, hitting $48.81. 2,880,937 shares of the company’s stock traded hands. Nexstar Broadcasting Group has a one year low of $28.88 and a one year high of $56.42. The stock has a 50-day moving average of $44.40 and a 200-day moving average of $43.9. The company has a market cap of $1.495 billion and a P/E ratio of 267.14.

Nexstar Broadcasting Group (NASDAQ:NXST) last released its earnings data on Thursday, May 8th. The company reported ($0.09) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.26 by $0.35. The company had revenue of $72.20 million for the quarter, compared to the consensus estimate of $132.20 million. During the same quarter last year, the company posted $0.02 earnings per share. Nexstar Broadcasting Group’s revenue was up 19.3% compared to the same quarter last year. On average, analysts predict that Nexstar Broadcasting Group will post $2.60 earnings per share for the current fiscal year.

Several analysts have recently commented on the stock. Analysts at Jefferies Group initiated coverage on shares of Nexstar Broadcasting Group in a research note on Wednesday. They set a “hold” rating on the stock. Separately, analysts at Evercore Partners downgraded shares of Nexstar Broadcasting Group from an “overweight” rating to an “equal weight” rating in a research note on Friday, June 6th. They now have a $52.00 price target on the stock. Finally, analysts at Wedbush raised their price target on shares of Nexstar Broadcasting Group to $48.00 in a research note on Friday, May 9th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $45.76.

Nexstar Broadcasting, Inc (NASDAQ:NXST) is a television broadcasting and digital media company focused on the acquisition, development and operation of television (TV) stations and interactive community Websites in the United States.

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