New York Times (NYSE:NYT) Rating Lowered to Hold at Wall Street Zen

New York Times (NYSE:NYT) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday.

NYT has been the subject of a number of other research reports. Bank of America decreased their target price on New York Times from $87.00 to $80.00 and set a “neutral” rating for the company in a report on Wednesday, June 24th. Weiss Ratings restated a “buy (b)” rating on shares of New York Times in a report on Friday, July 17th. Zacks Research upgraded shares of New York Times from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 13th. Guggenheim boosted their price objective on shares of New York Times from $63.00 to $70.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $95.00 price objective on shares of New York Times in a research report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $82.89.

New York Times Stock Down 0.0%

NYT stock opened at $63.53 on Friday. The company has a market cap of $10.28 billion, a price-to-earnings ratio of 26.47, a PEG ratio of 1.41 and a beta of 0.95. The business has a fifty day simple moving average of $73.26 and a 200-day simple moving average of $76.16. New York Times has a 52 week low of $54.10 and a 52 week high of $87.10.

New York Times (NYSE:NYT) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.02. The firm had revenue of $762.46 million during the quarter, compared to the consensus estimate of $752.01 million. New York Times had a return on equity of 22.64% and a net margin of 13.19%.The firm’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.58 earnings per share. As a group, analysts expect that New York Times will post 2.92 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other New York Times news, EVP William Bardeen sold 4,121 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $77.85, for a total value of $320,819.85. Following the transaction, the executive vice president owned 14,560 shares in the company, valued at $1,133,496. The trade was a 22.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Jacqueline M. Welch sold 4,000 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $74.14, for a total transaction of $296,560.00. Following the completion of the transaction, the executive vice president directly owned 23,873 shares of the company’s stock, valued at approximately $1,769,944.22. The trade was a 14.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of NYT. Basecamp Wealth Advisors LLC increased its holdings in New York Times by 1,191.7% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 310 shares of the company’s stock worth $26,000 after purchasing an additional 286 shares during the last quarter. Navalign LLC acquired a new stake in shares of New York Times during the fourth quarter worth approximately $25,000. Cornerstone Planning Group LLC increased its stake in shares of New York Times by 74.2% in the fourth quarter. Cornerstone Planning Group LLC now owns 446 shares of the company’s stock worth $32,000 after buying an additional 190 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of New York Times in the fourth quarter worth $32,000. Finally, SJS Investment Consulting Inc. raised its holdings in New York Times by 313.9% in the first quarter. SJS Investment Consulting Inc. now owns 567 shares of the company’s stock valued at $47,000 after acquiring an additional 430 shares in the last quarter. Hedge funds and other institutional investors own 95.37% of the company’s stock.

Key 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

About New York Times

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.