The New York Times Company (NYSE:NYT) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of The New York Times Company (NYSE:NYT) have earned a consensus recommendation of “Moderate Buy” from the eleven research firms that are currently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $80.7778.

Several equities research analysts have recently commented on NYT shares. Bank of America started coverage on New York Times in a report on Wednesday, April 22nd. They set a “neutral” rating and a $84.00 target price for the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $95.00 target price on shares of New York Times in a research report on Thursday, May 7th. Argus raised shares of New York Times to a “strong-buy” rating in a research report on Thursday, February 19th. Citigroup lifted their target price on shares of New York Times from $77.00 to $94.00 and gave the stock a “buy” rating in a research report on Tuesday, March 24th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of New York Times from $71.00 to $74.00 and gave the stock an “overweight” rating in a research report on Thursday, February 5th.

Insider Activity

In other New York Times news, EVP William Bardeen sold 13,000 shares of New York Times stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $79.56, for a total transaction of $1,034,280.00. Following the transaction, the executive vice president directly owned 18,681 shares in the company, valued at approximately $1,486,260.36. The trade was a 41.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO R Anthony Benten sold 1,913 shares of New York Times stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $73.57, for a total transaction of $140,739.41. Following the transaction, the chief accounting officer owned 37,772 shares in the company, valued at approximately $2,778,886.04. The trade was a 4.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 36,913 shares of company stock valued at $2,907,909. 1.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On New York Times

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Empowered Funds LLC purchased a new position in New York Times during the first quarter valued at approximately $442,000. Focus Partners Wealth grew its position in New York Times by 52.2% during the first quarter. Focus Partners Wealth now owns 11,640 shares of the company’s stock valued at $577,000 after purchasing an additional 3,990 shares in the last quarter. Geneos Wealth Management Inc. grew its position in New York Times by 690.7% during the first quarter. Geneos Wealth Management Inc. now owns 846 shares of the company’s stock valued at $42,000 after purchasing an additional 739 shares in the last quarter. Baird Financial Group Inc. purchased a new position in New York Times during the second quarter valued at approximately $306,000. Finally, Cerity Partners LLC grew its position in New York Times by 70.2% during the second quarter. Cerity Partners LLC now owns 55,423 shares of the company’s stock valued at $3,103,000 after purchasing an additional 22,853 shares in the last quarter. 95.37% of the stock is currently owned by hedge funds and other institutional investors.

New York Times Price Performance

Shares of NYT opened at $77.94 on Wednesday. The firm’s 50 day moving average is $81.11 and its 200-day moving average is $72.61. The stock has a market capitalization of $12.57 billion, a P/E ratio of 33.45, a P/E/G ratio of 1.63 and a beta of 0.98. New York Times has a 12-month low of $51.03 and a 12-month high of $87.10.

New York Times (NYSE:NYT) last announced its earnings results on Wednesday, May 6th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.49 by $0.12. New York Times had a return on equity of 22.02% and a net margin of 13.18%.The business had revenue of $712.24 million during the quarter, compared to the consensus estimate of $699.93 million. During the same period in the prior year, the business posted $0.41 earnings per share. New York Times’s revenue was up 12.0% compared to the same quarter last year. As a group, equities research analysts forecast that New York Times will post 2.88 EPS for the current fiscal year.

New York Times News Roundup

Here are the key news stories impacting New York Times this week:

• Positive Sentiment: A recent analysis said NYT had a strong first quarter, with digital advertising up 31.6% and subscriber growth still solid, even if growth is slowing. The report also noted potential upside from AI licensing and highlighted momentum in the core digital business. The New York Times: Q1 Was Strong, But The Valuation Looks Ahead Of Reality
• Positive Sentiment: Zacks also labeled The New York Times Company a strong momentum stock, which can support investor sentiment around the shares. Here’s Why New York Times Co. (NYT) is a Strong Momentum Stock
• Neutral Sentiment: The company published several high-profile articles across politics, business, sports, and culture, including coverage of inflation, U.S. politics, and major entertainment topics. These pieces reinforce NYT’s strong content output, but they are not immediate stock catalysts. Inflation Accelerates After Weeks of War in Iran
• Neutral Sentiment: Director David S. Perpich sold 9,000 shares at $77.06 each, a routine insider sale that may slightly weigh on sentiment, but it is not large enough to suggest a major change in the company’s outlook. SEC filing
• Negative Sentiment: One outside analysis warned that NYT’s valuation may be ahead of fundamentals, pointing to slowing revenue growth and higher costs tied to investments in video journalism. That keeps some pressure on the stock’s premium multiple. The New York Times: Q1 Was Strong, But The Valuation Looks Ahead Of Reality

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.