NYSE:SPHR Sphere Entertainment (SPHR) Stock Price, News & Analysis $43.08 +0.27 (+0.63%) (As of 07/26/2024 ET) Add Compare Share Share Today's Range$42.94▼$44.7150-Day Range$32.49▼$45.7252-Week Range$27.02▼$51.83Volume427,504 shsAverage Volume705,797 shsMarket Capitalization$1.52 billionP/E Ratio3.96Dividend YieldN/APrice Target$40.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestTrends Get Sphere Entertainment alerts: Email Address Sphere Entertainment MarketRank™ Stock AnalysisAnalyst RatingHold2.13 Rating ScoreUpside/Downside7.1% Downside$40.00 Price TargetShort InterestHealthy26.13% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment1.05Based on 10 Articles This WeekInsider TradingN/AProj. Earnings GrowthDecreasingFrom ($4.93) to ($5.10) Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.1.65 out of 5 starsConsumer Discretionary Sector219th out of 279 stocksAmusement & Recreation Services Industry9th out of 14 stocks 1.1 Analyst's Opinion Consensus RatingSphere Entertainment has received a consensus rating of Hold. The company's average rating score is 2.13, and is based on 1 buy rating, 7 hold ratings, and no sell ratings.Amount of Analyst CoverageSphere Entertainment has only been the subject of 3 research reports in the past 90 days.Read more about Sphere Entertainment's stock forecast and price target. Previous Next 3.0 Short Interest Percentage of Shares Shorted26.13% of the float of Sphere Entertainment has been sold short.Short Interest Ratio / Days to CoverSphere Entertainment has a short interest ratio ("days to cover") of 9.9.Change versus previous monthShort interest in Sphere Entertainment has recently decreased by 5.90%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldSphere Entertainment does not currently pay a dividend.Dividend GrowthSphere 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 SPHR. Previous Next 3.4 News and Social Media Coverage News SentimentSphere Entertainment has a news sentiment score of 1.05. 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 0.52 average news sentiment score of Consumer Discretionary companies.News Coverage This WeekMarketBeat has tracked 10 news articles for Sphere Entertainment this week, compared to 4 articles on an average week.Search InterestOnly 1 people have searched for SPHR on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.MarketBeat Follows2 people have added Sphere Entertainment to their MarketBeat watchlist in the last 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Sphere Entertainment insiders have not sold or bought any company stock.Percentage Held by Insiders24.46% of the stock of Sphere Entertainment is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions92.03% of the stock of Sphere Entertainment is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Sphere Entertainment's insider trading history. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Sphere Entertainment are expected to decrease in the coming year, from ($4.93) to ($5.10) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Sphere Entertainment is 3.96, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 140.19.Price to Earnings Ratio vs. SectorThe P/E ratio of Sphere Entertainment is 3.96, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 14.75.Price to Book Value per Share RatioSphere Entertainment has a P/B Ratio of 0.58. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.Read more about Sphere Entertainment's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad MarketBeatWe just added a $300 account credit to your MarketBeat subscriptionMarketBeat All Access is our complete suite of portfolio monitoring software, research tools, stock screeners, proprietary reports, and more. Upgrade today and get $300 off your 2024-2025 subscription. Free for 30 days.Start Your Risk-Free Trial Here About Sphere Entertainment Stock (NYSE:SPHR)Sphere Entertainment Co. engages in the entertainment business. It produces, presents, or hosts various live entertainment events, including concerts, family shows, and special events, as well as sporting events, such as professional boxing, college basketball and hockey, professional bull riding, mixed martial arts, and esports and wrestling in its venues, including The Garden, Hulu Theater, Radio City Music Hall, and the Beacon Theatre in New York City; and The Chicago Theatre. The company also operates entertainment dining and nightlife venues markets under the Tao, Marquee, Lavo, Beauty & Essex, Cathédrale, Hakkasan, and Omnia brand names. The company was formerly known as Madison Square Garden Entertainment Corp. and changed its name to Sphere Entertainment Co. in April 2023. Sphere Entertainment Co. was founded in 2006 and is based in New York, New York.Read More SPHR Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart SPHR Stock News HeadlinesJuly 25 at 4:18 PM | nypost.comKen Griffin's Citadel boosts stake in James Dolan's Sphere weeks after Steve Cohen's investmentJuly 25 at 12:01 PM | investorplace.comKen Griffin Is Upping His Bet on Sphere Entertainment (SPHR) StockJuly 26, 2024 | Crypto 101 Media (Ad)Brace Yourself: Experts calling for Bitcoin to hit $100kFor the past few months, Bitcoin has been trading flat… It's been stuck around the $60,000 to $72,000 range. But that could change soon. Very soon.July 25 at 2:56 AM | americanbankingnews.comSphere Entertainment (NYSE:SPHR) Coverage Initiated at BenchmarkJuly 25 at 12:51 AM | msn.comHere’s what the Sphere has displayed on its exterior in its 1st year — PHOTOSJuly 24 at 8:30 AM | msn.comCitadel's Ken Griffin Boosts Stake in Jim Dolan's SphereJuly 22, 2024 | msn.comLive at 5: Sphere again extends EDM productionJuly 22, 2024 | finance.yahoo.comWhen Should You Buy Sphere Entertainment Co. (NYSE:SPHR)?July 26, 2024 | Crypto 101 Media (Ad)Brace Yourself: Experts calling for Bitcoin to hit $100kFor the past few months, Bitcoin has been trading flat… It's been stuck around the $60,000 to $72,000 range. But that could change soon. Very soon.July 21, 2024 | americanbankingnews.comSphere Entertainment Co. (NYSE:SPHR) Receives Average Recommendation of "Hold" from AnalystsJuly 12, 2024 | seekingalpha.comSphere Entertainment: Potentials To Be Realized With The Next-Generation VenueJuly 11, 2024 | seekingalpha.comSphere Entertainment: Attractive Risk/Reward Profile (Upgrade)June 26, 2024 | investorplace.comBillionaire Steve Cohen Just Took a 5.5% Stake in Sphere Entertainment (SPHR) StockJune 20, 2024 | prnewswire.comSPHERE TO CELEBRATE ONE-YEAR ANNIVERSARY OF THE EXOSPHERE'S ILLUMINATION WITH DAZZLING FOURTH OF JULY EXOSPHERE SHOW AND LAUNCH OF "XO STREAM" AND "XO AUDIO"June 13, 2024 | prnewswire.comSPHERE ENTERTAINMENT NAMES CAROLYN BLACKWOOD HEAD OF SPHERE STUDIOSJune 12, 2024 | prnewswire.comSPHERE ENTERTAINMENT EXPANDS JENNIFER KOESTER'S ROLE TO PRESIDENT AND CHIEF OPERATING OFFICER, SPHEREJune 6, 2024 | insidermonkey.comSphere Entertainment Co. (SPHR) Rose on Robust Operating ResultsMay 28, 2024 | msn.comDead and Co. Will Stay ‘Dead Forever’ at the Sphere a Little LongerSee More Headlines Receive SPHR Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Sphere Entertainment and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings5/10/2024Today7/26/2024Next Earnings (Estimated)8/27/2024Fiscal Year End6/30/2025Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorConsumer Discretionary Industry Amusement & recreation services Sub-IndustryN/A Current SymbolNYSE:SPHR CUSIPN/A CIK1795250 Webwww.msgentertainment.com Phone212-465-6000FaxN/AEmployees1,100Year FoundedN/APrice Target and Rating Average Stock Price Target$40.00 High Stock Price Target$45.00 Low Stock Price Target$32.00 Potential Upside/Downside-7.1%Consensus RatingHold Rating Score (0-4)2.13 Research Coverage8 Analysts Profitability EPS (Most Recent Fiscal Year)$10.89 Trailing P/E Ratio3.96 Forward P/E RatioN/A P/E GrowthN/ANet Income$502.77 million Net Margins43.36% Pretax Margin23.53% Return on Equity8.11% Return on Assets4.19% Debt Debt-to-Equity Ratio0.21 Current Ratio0.65 Quick Ratio0.65 Sales & Book Value Annual Sales$573.83 million Price / Sales2.65 Cash Flow$7.89 per share Price / Cash Flow5.46 Book Value$74.78 per share Price / Book0.58Miscellaneous Outstanding Shares35,330,000Free Float26,687,000Market Cap$1.52 billion OptionableNot Optionable Beta1.41 12 Stocks Corporate Insiders are AbandoningIf a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?Get This Free Report Key ExecutivesMr. James Lawrence Dolan (Age 69)Executive Chairman & CEO Comp: $5.34MMr. Gregory Brunner (Age 41)Senior VP, Controller & Principal Accounting Officer Comp: $176.05kMr. David Granville-Smith (Age 57)Executive Vice President Comp: $946.54kMs. Andrea Greenberg (Age 65)President & CEO of MSG Networks Comp: $4.12MMr. Michael J. Grau (Age 58)Executive VP & CFO Mr. Ari Danes C.F.A.Senior Vice President of Investor Relations, Financial Communications & TreasuryMs. Laura Franco (Age 61)Executive VP & General Counsel Mikyl CordovaExecutive Vice President of Communications & MarketingMr. Joel FisherExecutive Vice President of Marquee Events and OperationsMr. Richard ConstableExecutive VP & Global Head of Government Affairs and Social ImpactMore ExecutivesKey CompetitorsAtlanta BravesNASDAQ:BATRAManchester UnitedNYSE:MANUBowleroNYSE:BOWLAccel EntertainmentNYSE:ACELReservoir MediaNASDAQ:RSVRView All CompetitorsInsiders & InstitutionsBank of New York Mellon CorpBought 5,575 shares on 7/26/2024Ownership: 0.462%GAM Holding AGBought 12,000 shares on 7/26/2024Ownership: 0.034%Summit Securities Group LLCBought 1,526 shares on 7/26/2024Ownership: 0.004%Carnegie Investment CounselBought 44,060 shares on 7/22/2024Ownership: 0.422%OFI Invest Asset ManagementBought 7,847 shares on 7/19/2024Ownership: 0.022%View All Insider TransactionsView All Institutional Transactions SPHR Stock Analysis - Frequently Asked Questions How have SPHR shares performed this year? Sphere Entertainment's stock was trading at $33.96 at the beginning of 2024. Since then, SPHR shares have increased by 26.9% and is now trading at $43.08. View the best growth stocks for 2024 here. How were Sphere Entertainment's earnings last quarter? Sphere Entertainment Co. (NYSE:SPHR) issued its earnings results on Friday, May, 10th. The company reported ($1.33) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.35) by $0.98. The company's revenue was up 98.3% compared to the same quarter last year. Who are Sphere Entertainment's major shareholders? Top institutional shareholders of Sphere Entertainment include O Keefe Stevens Advisory Inc. (0.48%), Bank of New York Mellon Corp (0.46%), Carnegie Investment Counsel (0.42%) and Redmont Wealth Advisors LLC (0.04%). Insiders that own company stock include James Lawrence Dolan, Andrea Greenberg and Entertainment Co Sphere. View institutional ownership trends. How do I buy shares of Sphere Entertainment? Shares of SPHR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NYSE:SPHR) was last updated on 7/26/2024 by MarketBeat.com Staff From Our Partners625,000% GainImagine swapping your daily coffee expense for a future free of financial worries. It might seem far-fetche...Crypto Swap Profits | Sponsored“Generational Bull Run” IncomingLIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 sp...Unstoppable Prosperity | SponsoredWe recommended Nvidia in 2016, now we’re recommending this…The AI boom is just getting started. And the real wealth has still to be made…Porter & Company | SponsoredNEW AI developed by trader who won 1,129% (in 2 days)Earlier this year one legendary trader captured a 1,129% win (in just 2 days) ... 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