New York Times (NYSE:NYT – Get Free Report) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Thursday,Zacks.com reports.
Other research analysts have also recently issued reports about the company. Barclays dropped their target price on New York Times from $66.00 to $63.00 and set an “equal weight” rating on the stock in a research report on Thursday. Morgan Stanley set a $90.00 price objective on shares of New York Times in a report on Thursday, May 7th. Guggenheim upped their target price on shares of New York Times from $63.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. JPMorgan Chase & Co. lifted their price target on shares of New York Times from $74.00 to $82.00 and gave the stock an “overweight” rating in a research note on Friday, May 29th. Finally, UBS Group set a $80.00 price objective on New York Times in a research note on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $82.89.
Get Our Latest Stock Analysis on New York Times
New York Times Trading Down 1.9%
New York Times (NYSE:NYT – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.02. New York Times had a return on equity of 22.64% and a net margin of 13.19%.The firm had revenue of $762.46 million for the quarter, compared to analysts’ expectations of $752.01 million. During the same period in the prior year, the firm earned $0.58 EPS. The company’s revenue was up 11.2% compared to the same quarter last year. Research analysts forecast that New York Times will post 2.92 earnings per share for the current year.
Insider Transactions at New York Times
In other news, EVP William Bardeen sold 4,121 shares of New York Times stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $77.85, for a total transaction of $320,819.85. Following the completion of the sale, the executive vice president owned 14,560 shares of the company’s stock, valued at approximately $1,133,496. The trade was a 22.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Jacqueline M. Welch sold 4,000 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $74.14, for a total value of $296,560.00. Following the completion of the sale, the executive vice president owned 23,873 shares of the company’s stock, valued at $1,769,944.22. This represents a 14.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 17,121 shares of company stock worth $1,310,920. Insiders own 1.90% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Navalign LLC acquired a new position in New York Times during the 4th quarter valued at approximately $25,000. Basecamp Wealth Advisors LLC grew its holdings in New York Times by 1,191.7% during the first quarter. Basecamp Wealth Advisors LLC now owns 310 shares of the company’s stock worth $26,000 after acquiring an additional 286 shares during the period. Cornerstone Planning Group LLC increased its holdings in New York Times by 74.2% in the fourth quarter. Cornerstone Planning Group LLC now owns 446 shares of the company’s stock valued at $32,000 after buying an additional 190 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of New York Times in the 4th quarter valued at about $32,000. Finally, Larson Financial Group LLC increased its position in shares of New York Times by 59.6% in the third quarter. Larson Financial Group LLC now owns 656 shares of the company’s stock valued at $38,000 after buying an additional 245 shares in the last quarter. 95.37% of the stock is currently owned by hedge funds and other institutional investors.
More New York Times News
Here are the key news stories impacting New York Times this week:
- Positive Sentiment: Q2 results exceeded expectations. The New York Times reported earnings of $0.69 per share versus the $0.67 consensus estimate, while revenue rose 11.2% year over year to $762.5 million, helped by digital subscriptions, higher average revenue per user and stronger digital advertising. The New York Times Q2 Earnings Beat Estimates as Digital Ads Rise
- Positive Sentiment: Digital growth and pricing power support the long-term investment case. The company’s subscription ecosystem, ability to raise prices and continued digital expansion could support recurring revenue and profitability over time. Should Investors Buy Hold or Wait on NYT Amid Growth and Valuation
- Positive Sentiment: Options activity points to some bullish positioning. Investors purchased NYT call options in unusually high volume, suggesting that some market participants anticipate a rebound or further upside, although options activity is speculative and does not change the company’s fundamentals. Investors Buy High Volume of New York Times Call Options
- Neutral Sentiment: Recent weakness has created a valuation debate. NYT shares have decreased 12.8% over the past month and trade below their 50-day and 200-day moving averages. That decline could attract value-oriented buyers, but investors remain divided over whether the stock’s valuation adequately reflects its growth prospects. NYT Stock Fell 12.8% in One Month Can Weakness Create Opportunity
- Negative Sentiment: Subscriber momentum moderated. While digital performance remained strong, slower subscriber additions raise concerns about how easily NYT can sustain its growth rate and expand its subscription base.
- Negative Sentiment: Costs and valuation remain headwinds. Rising expenses could limit margin expansion, while the stock’s valuation leaves less room for execution setbacks. These concerns are contributing to a “hold or wait” stance among some investors. NYT Earnings Show Digital Growth as Subscriber Momentum Moderates
New York Times Company Profile
The New York Times Company is a publicly traded media organization best known for publishing The New York Times newspaper and operating the NYTimes.com digital platform. The company produces daily print and digital journalism covering national and international news, opinion pieces, feature stories, and multimedia content. Alongside its flagship newspaper, the firm offers a range of subscription-based services, including Times Cooking, NYT Games, podcasts and newsletters, designed to engage a broad audience of readers and advertisers.
Founded in 1851 by Henry Jarvis Raymond and George Jones, The New York Times has built a reputation for in-depth reporting and investigative journalism.
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