Nexstar Media Group (NASDAQ:NXST) Price Target Lowered to $249.00 at Wells Fargo & Company

Posted by Brian Himes on Aug 7th, 2026

Nexstar Media Group (NASDAQ:NXST – Get Free Report) had its price objective decreased by equities researchers at Wells Fargo & Company from $253.00 to $249.00 in a research report issued on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective suggests a potential upside of 27.16% from the company’s current price.

Several other equities analysts have also recently weighed in on the company. Barrington Research reiterated an “outperform” rating and set a $290.00 price objective on shares of Nexstar Media Group in a report on Tuesday, April 28th. Citigroup upgraded shares of Nexstar Media Group from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $252.00 to $220.00 in a report on Friday, April 10th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Nexstar Media Group from $270.00 to $255.00 and set a “buy” rating on the stock in a research note on Monday, May 11th. Wall Street Zen downgraded shares of Nexstar Media Group from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Nexstar Media Group in a report on Wednesday, May 27th. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Nexstar Media Group has a consensus rating of “Moderate Buy” and an average price target of $259.00.

Get Our Latest Report on NXST

Nexstar Media Group Trading Up 4.2%

NXST stock traded up $7.85 during midday trading on Friday, hitting $195.82. 43,930 shares of the company’s stock were exchanged, compared to its average volume of 390,337. The stock’s fifty day moving average price is $179.00 and its 200-day moving average price is $200.93. The company has a debt-to-equity ratio of 5.53, a quick ratio of 1.76 and a current ratio of 1.76. The company has a market cap of $5.98 billion, a PE ratio of 41.82, a price-to-earnings-growth ratio of 0.51 and a beta of 0.91. Nexstar Media Group has a one year low of $154.47 and a one year high of $254.30.

Nexstar Media Group (NASDAQ:NXST – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $3.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.98 by ($2.37). Nexstar Media Group had a return on equity of 22.97% and a net margin of 3.23%.The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.97 billion. During the same quarter last year, the company earned $3.06 earnings per share. The firm’s revenue was up 62.2% compared to the same quarter last year. Research analysts predict that Nexstar Media Group will post 37.46 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Nexstar Media Group news, EVP Blake Russell sold 261 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $170.81, for a total value of $44,581.41. Following the sale, the executive vice president owned 28,296 shares in the company, valued at approximately $4,833,239.76. The trade was a 0.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Dana Zimmer sold 876 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $170.81, for a total value of $149,629.56. Following the transaction, the insider directly owned 5,800 shares of the company’s stock, valued at approximately $990,698. This trade represents a 13.12% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 22,813 shares of company stock worth $4,174,731 in the last 90 days. Company insiders own 7.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in NXST. Sentinel Dome Partners LLC bought a new position in Nexstar Media Group in the fourth quarter valued at approximately $2,315,000. Geode Capital Management LLC increased its position in shares of Nexstar Media Group by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 773,443 shares of the company’s stock worth $157,114,000 after purchasing an additional 13,084 shares during the last quarter. CPC Advisors LLC raised its stake in shares of Nexstar Media Group by 114.3% during the 1st quarter. CPC Advisors LLC now owns 26,651 shares of the company’s stock worth $4,819,000 after purchasing an additional 14,217 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Nexstar Media Group by 3,648.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 64,995 shares of the company’s stock worth $13,197,000 after purchasing an additional 63,261 shares in the last quarter. Finally, M&T Bank Corp boosted its holdings in shares of Nexstar Media Group by 2,573.4% in the 4th quarter. M&T Bank Corp now owns 140,112 shares of the company’s stock valued at $28,494,000 after buying an additional 134,871 shares during the last quarter. Institutional investors own 95.30% of the company’s stock.

About Nexstar Media Group

(Get Free Report)

Nexstar Media Group, Inc is a diversified American media company engaged primarily in the ownership, operation and strategic affiliation of local television stations, digital platforms and cable networks. The company provides a range of broadcast content, including local news, sports coverage, entertainment programming and syndicated shows, reaching audiences in more than 100 television markets across the United States.

Founded in 1996 by entrepreneur Perry Sook and headquartered in Irving, Texas, Nexstar has built its presence through organic growth and a series of high-profile acquisitions.