New York Times (NYSE:NYT) Trading Down 4.8% - Should You Sell?

Key Points

• NYT shares fell 4.8% to about $67.12 in midday trading, with volume down 81% from its average. The stock is also below its 50-day and 200-day moving averages.
• Despite the decline, the company reported strong quarterly results: EPS of $0.69 versus a $0.67 estimate, revenue of $762.46 million, and 11.2% year-over-year revenue growth.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $84.20, though a lawsuit and political conflict could create legal, reputational and volatility risks.

Shares of The New York Times Company (NYSE:NYT - Get Free Report) traded down 4.8% during mid-day trading on Tuesday . The company traded as low as $66.61 and last traded at $67.1240. Approximately 407,447 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 2,139,318 shares. The stock had previously closed at $70.53.

Key New York Times News

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

• Positive Sentiment: A comparison of NYT with MediaCo highlights the company’s scale, brand strength and diversified subscription-based media model. Those factors may support investor confidence in the company’s long-term competitive position, although the article does not announce a new financial forecast. Critical Review: New York Times NYSE: NYT vs. MediaCo NASDAQ: MDIA
• Neutral Sentiment: CNBC reports a surge in options trading tied to a consequential lawsuit involving the New York Times and a broader political and media fight. The activity signals elevated investor interest and could increase volatility, but options volume alone does not establish a change in the company’s underlying earnings outlook. Historic lawsuit sparks flurry of option activity in NY Times stock
• Neutral Sentiment: Recent Times and Athletic coverage spans college rankings, international affairs, politics, sports and cultural events. The breadth reinforces the value of the company’s news and sports subscription offerings, but the individual stories provide no direct update on subscriber growth, advertising, pricing or profitability. Princeton’s Run Atop U.S. News Rankings Ends After 15 Years
• Negative Sentiment: The lawsuit and political conflict remain potential risks because adverse developments could create legal costs, reputational pressure or distractions for management. The available report does not indicate a ruling, settlement or quantified financial impact, so the immediate effect on NYT’s fundamentals remains uncertain. Historic lawsuit sparks flurry of option activity in NY Times stock

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Zacks Research lowered shares of New York Times from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 6th. New Street Research set a $82.00 target price on New York Times in a report on Tuesday, September 15th. Barclays decreased their price target on New York Times from $66.00 to $63.00 and set an "equal weight" rating on the stock in a research note on Thursday, August 6th. Weiss Ratings cut New York Times from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday. Finally, JPMorgan Chase & Co. increased their target price on shares of New York Times from $74.00 to $82.00 and gave the stock an "overweight" rating in a research report on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $84.20.

New York Times Stock Down 8.4%

The business's fifty day moving average is $69.48 and its two-hundred day moving average is $74.80. The firm has a market cap of $10.42 billion, a price-to-earnings ratio of 27.14, a price-to-earnings-growth ratio of 1.81 and a beta of 0.92.

New York Times (NYSE:NYT - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $0.69 EPS 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 company had revenue of $762.46 million during the quarter, compared to analysts' expectations of $752.01 million. During the same period last year, the firm earned $0.58 EPS. The business's revenue for the quarter was up 11.2% on a year-over-year basis. Research analysts forecast that The New York Times Company will post 2.84 EPS for the current year.

Institutional Investors Weigh In On New York Times

Institutional investors and hedge funds have recently modified their holdings of the business. Berkshire Hathaway Inc acquired a new stake in New York Times during the 4th quarter worth $351,664,000. Geode Capital Management LLC boosted its position in shares of New York Times by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 3,922,565 shares of the company's stock worth $272,347,000 after purchasing an additional 50,389 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of New York Times by 20.3% during the first quarter. Renaissance Technologies LLC now owns 2,756,180 shares of the company's stock worth $230,775,000 after purchasing an additional 465,600 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of New York Times by 77.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,924,396 shares of the company's stock worth $133,592,000 after purchasing an additional 838,305 shares during the period. Finally, First Trust Advisors LP increased its holdings in New York Times by 0.9% in the first quarter. First Trust Advisors LP now owns 1,570,073 shares of the company's stock valued at $131,462,000 after purchasing an additional 14,202 shares during the last quarter. 95.37% of the stock is owned by institutional investors.

New York Times Company Profile

The New York Times Company is a media organization best known for publishing The New York Times, a global newspaper and digital news platform. Its coverage spans politics, business, technology, culture, science, health, sports and other subjects, and is distributed through print editions, NYTimes.com, mobile applications and other digital products.

The company generates revenue primarily from digital and print subscriptions, advertising, licensing and related commercial activities. Its subscription products include The New York Times, Games, Cooking and Wirecutter, while The Athletic provides digital sports journalism.

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