NYSE:MSGE Madison Square Garden Entertainment (MSGE) Stock Forecast, Price & News $32.84 -0.01 (-0.03%) (As of 09/22/2023 ET) Add Compare Share Share Today's Range$32.72▼$33.7850-Day Range$30.65▼$35.4152-Week Range$28.09▼$40.81Volume603,604 shsAverage Volume581,226 shsMarket Capitalization$1.45 billionP/E RatioN/ADividend YieldN/APrice Target$42.75 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Madison Square Garden Entertainment MarketRank™ ForecastAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside30.2% Upside$42.75 Price TargetShort InterestHealthy4.22% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.90Based on 7 Articles This WeekInsider TradingSelling Shares$461.18 M Sold Last QuarterProj. Earnings Growth7.96%From $1.13 to $1.22 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.61 out of 5 starsConsumer Discretionary Sector75th out of 271 stocksMiscellaneous Amusement & Recreation Services Industry6th out of 18 stocks 3.3 Analyst's Opinion Consensus RatingMadison Square Garden Entertainment has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 4 buy ratings, 4 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $42.75, Madison Square Garden Entertainment has a forecasted upside of 30.2% from its current price of $32.84.Amount of Analyst CoverageMadison Square Garden Entertainment has only been the subject of 4 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted4.22% of the float of Madison Square Garden Entertainment has been sold short.Short Interest Ratio / Days to CoverMadison Square Garden Entertainment has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Madison Square Garden Entertainment has recently increased by 2.08%, indicating that investor sentiment is decreasing. Previous Next 0.0 Dividend Strength Dividend YieldMadison Square Garden Entertainment does not currently pay a dividend.Dividend GrowthMadison Square Garden Entertainment does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for MSGE. Previous Next 3.3 News and Social Media Coverage News SentimentMadison Square Garden Entertainment has a news sentiment score of 0.90. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.56 average news sentiment score of Consumer Discretionary companies.News Coverage This WeekMarketBeat has tracked 7 news articles for Madison Square Garden Entertainment this week, compared to 3 articles on an average week.Search InterestOnly 1 people have searched for MSGE on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.MarketBeat Follows2 people have added Madison Square Garden Entertainment to their MarketBeat watchlist in the last 30 days. Previous Next 5.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Madison Square Garden Entertainment insiders have sold 4,511.78% more of their company's stock than they have bought. Specifically, they have bought $9,999,980.00 in company stock and sold $461,177,043.00 in company stock.Percentage Held by Insiders24.60% of the stock of Madison Square Garden Entertainment is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions70.02% of the stock of Madison Square Garden Entertainment is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Madison Square Garden Entertainment are expected to grow by 7.96% in the coming year, from $1.13 to $1.22 per share.Price to Earnings Growth RatioMadison Square Garden Entertainment has a PEG Ratio of 1.73. PEG Ratios above 1 indicate that a company could be overvalued. Previous Next See Top Rated MarketRank™ Stocks Here About Madison Square Garden Entertainment (NYSE:MSGE) StockMadison Square Garden Entertainment Corp. engages in live entertainment business. The company produces, presents, and hosts live entertainment events, including concerts, sports events, and other live events, such as family shows, performing arts events, and special events. Its operations include a collection of venues, the entertainment and sports bookings business, and the Christmas Spectacular Starring the Radio City Rockettes production. The company was incorporated in 2022 and is based in New York, New York.Read More MSGE Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart MSGE Stock News HeadlinesSeptember 24, 2023 | americanbankingnews.comEntertainment Co. Sphere Sells 8,221,188 Shares of Madison Square Garden Entertainment Corp. (NYSE:MSGE) StockSeptember 22, 2023 | finance.yahoo.comLas Vegas Sphere Will Open With a U2 Concert. These 3 Stocks Could Get a Lift.September 24, 2023 | Chaikin Analytics (Ad)Buy This Stock for AI Tidal Wave (not NVDA)The internet boom made more millionaires than any tech - Microsoft’s CEO says AI has even more potential. Here’s the #1 stock to buy.September 19, 2023 | prnewswire.comMadison Square Garden Entertainment Corp. Announces Pricing of Secondary Offering and Share RepurchaseSeptember 18, 2023 | msn.comMadison Square Garden Entertainment says shareholder Sphere has commenced a secondary offering of 7.2 million sharesSeptember 18, 2023 | markets.businessinsider.comMadison Square Garden Entertainment Announces 7.15 Mln Secondary Offering, $50 Mln Share RepurchaseSeptember 14, 2023 | msn.comMadison Square Garden's operating permit up for 5-year extensionSeptember 7, 2023 | msn.comOak View Group, MSGE and Sphere Entertainment introduce "Crown Properties Collection"September 24, 2023 | Chaikin Analytics (Ad)Buy This Stock for AI Tidal Wave (not NVDA)The internet boom made more millionaires than any tech - Microsoft’s CEO says AI has even more potential. Here’s the #1 stock to buy.September 1, 2023 | finance.yahoo.comYouTube Promotes NFL Sunday Ticket in Las Vegas Sphere’s First Paid AdAugust 25, 2023 | markets.businessinsider.comAnalyst Ratings for Madison Square GardenAugust 23, 2023 | msn.com4 big analyst picks: Madison Square Garden Entertainment a new Buy at BofAAugust 22, 2023 | msn.comB of A Securities Initiates Coverage of Madison Square Garden Entertainment - (MSGE) with Buy RecommendationAugust 22, 2023 | za.investing.comMadison Square Garden Entertainment a new Buy at BofA, shares gain 4%August 22, 2023 | msn.comBofA starts Madison Square Garden Entertainment with buy ratingAugust 18, 2023 | finance.yahoo.comMADISON SQUARE GARDEN ENTERTAINMENT CORP. REPORTS FISCAL 2023 FOURTH QUARTER AND FULL YEAR RESULTSAugust 9, 2023 | msn.comMadison Square Garden Entertainment: A Fairly Valued Pure Entertainment PlayAugust 7, 2023 | finance.yahoo.comACCLAIMED FAMILY HOLIDAY THEATRICAL 'TWAS THE NIGHT BEFORE… BY CIRQUE DU SOLEIL MAKES ITS HIGHLY-ANTICIPATED RETURN TO NYC & CHICAGOAugust 2, 2023 | finance.yahoo.comMadison Square Garden Entertainment Corp. (NYSE:MSGE) is definitely on the radar of institutional investors who own 29% of the companyAugust 1, 2023 | finance.yahoo.comThird Avenue Management Small-Cap Value Fund Exited Madison Square Garden Entertainment Corp. (MSGE) After SpinoffJuly 28, 2023 | wsj.comMadison Square Garden Entertainment Corp.July 26, 2023 | finance.yahoo.comMERRY CHRISTMAS IN JULY! AMERICA'S #1 HOLIDAY PRODUCTION RETURNS!July 26, 2023 | finance.yahoo.comMERRY CHRISTMAS IN JULY! AMERICA'S #1 HOLIDAY PRODUCTION RETURNS!July 12, 2023 | yahoo.comMadison Square Garden owners to aid Penn Station rebuild process under permit OKd by NYC City Planning; City Council vote up nextJuly 12, 2023 | yahoo.comMadison Square Garden owners to aid Penn Station rebuild process under permit OKd by NYC City Planning; City Council vote up nextJuly 8, 2023 | fool.comSphere Entertainment (NYSE: SPHE)July 2, 2023 | benzinga.comMadison Square Garden Recent Insider ActivitySee More Headlines Receive MSGE Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Madison Square Garden Entertainment and its competitors with MarketBeat's FREE daily newsletter. Email Address MSGE Company Calendar Last Earnings8/18/2023Today9/24/2023Next Earnings (Estimated)11/17/2023Fiscal Year End6/30/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Miscellaneous amusement & recreation services Sub-IndustryN/A SectorConsumer Discretionary Current SymbolNYSE:MSGE CUSIPN/A CIK1795250 Webwww.msgentertainment.com Phone(212) 465-6000FaxN/AEmployees5,820Year FoundedN/APrice Target and Rating Average Stock Price Forecast$42.75 High Stock Price Forecast$52.00 Low Stock Price Forecast$36.00 Forecasted Upside/Downside+30.2%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage8 Analysts Profitability EPS (Most Recent Fiscal Year)N/A Trailing P/E RatioN/A Forward P/E Ratio29.06 P/E Growth1.73Net IncomeN/A Net MarginsN/A Pretax MarginN/A Return on EquityN/A Return on AssetsN/A Debt Debt-to-Equity Ratio14.79 Current Ratio0.55 Quick Ratio0.55 Sales & Book Value Annual Sales$851.50 million Price / Sales1.70 Cash Flow$3.12 per share Price / Cash Flow10.53 Book Value($1.54) per share Price / Book-21.32Miscellaneous Outstanding Shares44,180,000Free Float33,315,000Market Cap$1.45 billion OptionableOptionable BetaN/A 13 Stocks Institutional Investors Won't Stop BuyingWhich stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.Get This Free Report Key ExecutivesMr. James Lawrence Dolan (Age 68)Exec. Chairman & CEO Mr. David F. Byrnes (Age 53)Exec. VP & CFO Ms. Courtney M. Zeppetella (Age 46)Sr. VP, Controller & Chief Accounting Officer Mr. Ari Danes C.F.A.Sr. VP of Investor Relations, Financial Communications & TreasuryMr. Jamal H. Haughton (Age 47)Exec. VP, Gen. Counsel & Sec. Mr. Philip Gerard D'Ambrosio (Age 55)Exec. VP & Treasurer More ExecutivesKey CompetitorsSuper GroupNYSE:SGHCRush Street InteractiveNYSE:RSIGolden EntertainmentNASDAQ:GDENSix Flags EntertainmentNYSE:SIXCedar FairNYSE:FUNView All CompetitorsInsiders & InstitutionsEntertainment Co. SphereSold 8,221,188 sharesTotal: $256.50 M ($31.20/share)Barclays PLCBought 79,292 shares on 9/21/2023Ownership: 0.258%Davidson Kempner Capital Management LPBought 50,000 shares on 9/12/2023Ownership: 0.113%Alberta Investment Management CorpBought 585,375 shares on 8/24/2023Ownership: 2.141%California State Teachers Retirement SystemBought 40,615 shares on 8/21/2023Ownership: 0.160%View All Insider TransactionsView All Institutional Transactions MSGE Stock - Frequently Asked Questions Should I buy or sell Madison Square Garden Entertainment stock right now? 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Madison Square Garden Entertainment in the last twelve months. There are currently 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" MSGE shares. View MSGE analyst ratings or view top-rated stocks. What is Madison Square Garden Entertainment's stock price forecast for 2023? 8 brokers have issued 1 year target prices for Madison Square Garden Entertainment's shares. Their MSGE share price forecasts range from $36.00 to $52.00. On average, they predict the company's stock price to reach $42.75 in the next twelve months. This suggests a possible upside of 30.2% from the stock's current price. View analysts price targets for MSGE or view top-rated stocks among Wall Street analysts. How have MSGE shares performed in 2023? Madison Square Garden Entertainment's stock was trading at $44.97 on January 1st, 2023. Since then, MSGE stock has decreased by 27.0% and is now trading at $32.84. View the best growth stocks for 2023 here. When is Madison Square Garden Entertainment's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Friday, November 17th 2023. View our MSGE earnings forecast. How were Madison Square Garden Entertainment's earnings last quarter? Madison Square Garden Entertainment Corp. (NYSE:MSGE) released its earnings results on Friday, August, 18th. The company reported ($0.47) earnings per share for the quarter, beating the consensus estimate of ($0.63) by $0.16. The business had revenue of $147.90 million for the quarter, compared to the consensus estimate of $140.52 million. The company's revenue for the quarter was down 17.0% on a year-over-year basis. What ETF holds Madison Square Garden Entertainment's stock ? MUSQ Global Music Industry ETF holds 3,393 shares of MSGE stock, representing 1.79% of its portfolio. What guidance has Madison Square Garden Entertainment issued on next quarter's earnings? Madison Square Garden Entertainment issued an update on its FY 2024 earnings guidance on Friday, August, 18th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $900.00 million-$930.00 million, compared to the consensus revenue estimate of $898.44 million. What is Madison Square Garden Entertainment's stock symbol? Madison Square Garden Entertainment trades on the New York Stock Exchange (NYSE) under the ticker symbol "MSGE." Who are Madison Square Garden Entertainment's major shareholders? Madison Square Garden Entertainment's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Ariel Investments LLC (27.53%), BlackRock Inc. (9.89%), Dimensional Fund Advisors LP (5.14%), Gamco Investors INC. ET AL (3.98%), State Street Corp (2.94%) and Gabelli Funds LLC (2.79%). Insiders that own company stock include Entertainment Co Sphere, Isiah Thomas III, Joseph F Yospe, Leinauer Corby Dolan, Philip Gerard D'ambrosio and Thomas Charles Dolan. View institutional ownership trends. How do I buy shares of Madison Square Garden Entertainment? Shares of MSGE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Madison Square Garden Entertainment's stock price today? One share of MSGE stock can currently be purchased for approximately $32.84. How much money does Madison Square Garden Entertainment make? Madison Square Garden Entertainment (NYSE:MSGE) has a market capitalization of $1.45 billion and generates $851.50 million in revenue each year. How many employees does Madison Square Garden Entertainment have? The company employs 5,820 workers across the globe. How can I contact Madison Square Garden Entertainment? Madison Square Garden Entertainment's mailing address is TWO PENNSYLVANIA PLAZA, NEW YORK NY, 10121. The official website for the company is www.msgentertainment.com. The company can be reached via phone at (212) 465-6000 or via email at investor@msg.com. This page (NYSE:MSGE) was last updated on 9/24/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Madison Square Garden Entertainment Corp. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. 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