How to Buy Nexstar Media Group Stock
Nexstar Media Group Inc
Nexstar Media Group, Inc. , a television broadcasting and digital media company, focuses on the acquisition, development, and operation of television stations and interactive community websites and digital media services in the United States.
Nexstar Media Group stock last closed at $166.54, down 1.55% from the previous day, and has increased 8.85% in one year. It has underperformed other stocks in the Entertainment industry by 0.3 percentage points. Nexstar Media Group stock is currently +17.56% from its 52-week low of $141.66, and -13.19% from its 52-week high of $191.86.
At the moment, there are 30.15M NXST shares outstanding. The market value of NXST is $5.02B. In the past 24 hours, 279,000 NXST shares were traded.
How to Buy Nexstar Media Group Stock
Not sure how to invest in Nexstar Media Group stock? Here's how.
- Choose where to buy Nexstar Media Group stock: You need to choose an online brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you choose where to buy Nexstar Media Group stock.
- Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Put funds into your brokerage account: Choose your method of payment and add your information.
- Research Nexstar Media Group stock: The Nexstar Media Group ticker symbol is NXST. Is Nexstar Media Group stock a good investment? Should you buy shares of NXST? How do NXST's underlying business fundamentals look? Do top analysts think Nexstar Media Group is a good buy? Why has NXST's stock price moved recently? (Hint: Our stock market research tools can help you evaluate if NXST is a good stock to buy).
- Place your NXST trade: Decide if you will purchase NXST shares at the current market price or use a limit order to purchase NXST shares at a specific price.
- Monitor your NXST investment: Create a watchlist to key updates about your position in Nexstar Media Group shares.
Step 1: Choose where to buy Nexstar Media Group stock
You need an online brokerage account to access the NASDAQ market and buy NXST shares.
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Open eToro AccountStep 2: Open a brokerage account
Now that you've chosen the right brokerage, the next step is to fill out some personal information so you can invest in NXST stock today.
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- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
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Step 3: Put funds into your brokerage account
Now that you've created your account on one of the best stock trading apps, you can securely and quickly fund your account:
Watch the tutorial below if you need help depositing funds into your new investment account.
Step 4: Research Nexstar Media Group stock
Once you have figured out the best place to buy Nexstar Media Group stock, it's absolutely critical to analyze their stock prior to investing, so you truly understand the risk as well as the opportunity.
Nexstar Media Group stock at a glance
Nexstar Media Group Due Diligence Score
WallStreetZen was created to help everyday investors perform more in-depth fundamental analysis in less time.
You can see all of the due diligence checks on NXST's stock page.
How is NXST stock valued?
Investors use many financial metrics, analyses, models, and charts to gauge NXST's intrinsic value.
Using relative valuations measures:
- NXST may be undervalued based on its P/E ratio of 8.37x, relative to Entertainment industry P/E ratio of 43.91x
- NXST could be undervalued based on its P/B ratio of 2.23x, relative to Entertainment industry P/B ratio of 4.08x
- NXST could be overvalued based on its PEG ratio of 2.74x
You can do more valuation analysis on NXST's stock here.
NXST Financial Health Summary
Signs that NXST is financially healthy:
- There are more short-term assets than short-term liabilities on the NXST balance sheet.
- Total NXST debt is lower than 5 years ago, relative to shareholder equity.
- NXST profit margin has gone up from 8.3% to 12.2% in the past year.
- NXST's operating cash flow of $1.31B allows it to safely service it's debt of $6.54B.
Signs that NXST is not financially healthy:
- NXST has a relatively high debt to equity ratio of 4.08.
- NXST earnings of $1.34B is not sufficient to cover its interest payments.
- There are more long-term liabilities than short-term assets on the NXST balance sheet.
Is it a good time to buy NXST stock, according to Wall Street analysts?
Out of 6 Equities analysts who track NXST, the consensus analyst rating on NXST is a Strong Buy
Please note that analyst ratings are not stock recommendations, nor are they investment advice.
Most Recent NXST Analyst Upgrades/Downgrades
Currey Baker, a top 23% analyst from Guggenheim maintains NXST with a strong buy rating and raises their NXST price target from $210.00 to $220.00, on Feb 28, 2025.
Guggenheim's Currey Baker raised their price target on Nexstar Media Group (NASDAQ: NXST) by 4.8% from $210 to $220 on 2025/02/28. The analyst maintained their Strong Buy rating on the stock.
Nexstar Media Group reported its Q4 and FY 2024 earnings.
After revising their model to account for Q4 earnings and management's guidance, Baker said they hiked their price target.
The analyst maintained their 2025 prediction of a "flattish" distribution and flat-to-up core advertising.
Earnings Report
Nexstar Media Group reported:
For Q4 2024:
- EPS of $7.56, up 127.7% Y/Y.
- Revenue of $1.49, up 14.1% Y/Y.
- EBITDA of $628M, up 39.9% Y/Y.
For FY 2024:
- EPS of $21.41, up 122.1% Y/Y.
- Revenue of $5.41B, up 9.6% Y/Y.
- EBITDA of $2B, up 35.7% Y/Y.
For FY 2025, management guided:
- EBITDA of $1.5B to $1.595B
Founder, Chairman, & CEO Perry A. Sook, commented: “We ended 2024 with another quarter of record net revenue driven by increased election-year political advertising highlighting the effectiveness of local television broadcasting and our presence in nearly 85% of contested election markets across the country.
“In addition, we continued to grow distribution revenue, a testament to our position as the largest owner of local broadcast television stations carrying the most-watched programming.
“In 2024, we generated $1.2B of Adjusted Free Cash Flow and returned $820M, or 68%, to shareholders in the form of dividends and share repurchases, and used $327M to reduce leverage.
“In 2025, our key initiatives include renewing distribution contracts representing approximately 60% of our subscriber base, continuing our march towards profitability for The CW, and pursuing deregulation.
“Looking ahead, we believe we are well-positioned to consistently deliver strong financial results, a belief supported by our recent decision to increase our dividend for the twelfth year in a row.”
You can dive deeper into what analysts are saying on the Nexstar Media Group stock forecast page.
NXST Momentum
NXST Growth Metrics
Last year, NXST earnings were $655.00M. During the last 5 year, NXST's earnings have gone up by 22.38% per year. This was slower than the Entertainment industry average of 25.58%.
Last year, NXST revenue was $5.36B. In the last five year, NXST's revenue has increased by 8.85% per year. This was slower than the Entertainment industry average of 11.16%.
Dive into NXST's earnings and revenue performance here.
Latest Insiders Trades at NXST
Over the last 12 months, executives and large shareholders at NXST have sold more shares than they have bought.
Andrew Alford, President Broadcasting of NXST, was the latest NXST insider to sell. They sold $125,603.25 worth of NXST shares on Jun 4, 2025.
Learn more about who owns NXST shares here.
Can I rely on NXST as an income stream?
Nexstar Media Group pays a dividend of 3.25%, compared to the Entertainment industry's average dividend yield of 1.61%. If you owned $1,000 worth of NXST stock, you would have received $32.48 in the past 12 months.
Nexstar Media Group dividend payments have consistently grown over the past decade and have remained stable.
Get more data about Nexstar Media Group dividend yield and history here.
What do other traders have to say about NXST?
One of the reasons eToro is our top-rated brokerage is because of its social trading community.
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Step 5: Place your NXST trade
You have two primary options:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are generally the easiest way to buy. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at an exact dollar amount, use a limit order.
Press the Open Trade button and your broker will place the order.
If you require more help investing in stocks on eToro, watch the helpful video below:
Step 6: Monitor your NXST investment
Now that you own some NXST shares, you'll want to stay up-to-date on your stock purchase.
Put NXST on a watchlist to track the most important metrics related to your NXST stock.
NXST Feed
How to Buy Stock in Nexstar Media Group
To reiterate, here are the 6 steps to buy stock in Nexstar Media Group:
- Choose where to buy Nexstar Media Group stock
- Open a brokerage account
- Put funds into your brokerage account
- Research Nexstar Media Group stock
- Place your NXST trade
- Monitor your NXST investment
If you need a brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you would like to keep track of your investment in Nexstar Media Group, click below.
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