Positive News SentimentPositive NewsNYSE:SPHR Sphere Entertainment (SPHR) Stock Price, News & Analysis → The Small Biotech with a BIG Cancer Solution (From Behind the Markets) (Ad) Free SPHR Stock Alerts $49.27 +3.80 (+8.36%) (As of 03/27/2024 ET) Add Compare Share Share Today's Range$45.79▼$49.2950-Day Range$30.33▼$50.8852-Week Range$20.68▼$51.83Volume909,904 shsAverage Volume696,880 shsMarket Capitalization$1.73 billionP/E Ratio4.66Dividend YieldN/APrice Target$35.60 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestSocial Media Get Sphere Entertainment alerts: Email Address Sphere Entertainment MarketRank™ Stock AnalysisAnalyst RatingHold2.29 Rating ScoreUpside/Downside27.7% Downside$35.60 Price TargetShort InterestBearish22.77% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment1.51Based on 4 Articles This WeekInsider TradingAcquiring Shares$10.71 M Bought Last QuarterProj. Earnings GrowthGrowingFrom ($3.88) to ($3.78) 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.2.41 out of 5 starsConsumer Discretionary Sector168th out of 274 stocksAmusement & Recreation Services Industry8th 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 2.29, and is based on 2 buy ratings, 5 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $35.60, Sphere Entertainment has a forecasted downside of 27.7% from its current price of $49.27.Amount of Analyst CoverageSphere Entertainment has only been the subject of 3 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted22.77% 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 8.6.Change versus previous monthShort interest in Sphere Entertainment has recently decreased by 0.66%, indicating that investor sentiment is improving. 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 3.6 News and Social Media Coverage News SentimentSphere Entertainment has a news sentiment score of 1.51. 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 0.61 average news sentiment score of Consumer Discretionary companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Sphere Entertainment this week, compared to 4 articles on an average week.Search Interest10 people have searched for SPHR on MarketBeat in the last 30 days. This is an increase of 233% compared to the previous 30 days.MarketBeat Follows4 people have added Sphere Entertainment to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days. Previous Next 5.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Sphere Entertainment insiders have bought 1,630.47% more of their company's stock than they have sold. Specifically, they have bought $10,706,120.00 in company stock and sold $618,681.00 in 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. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Sphere Entertainment are expected to grow in the coming year, from ($3.88) to ($3.78) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Sphere Entertainment is 4.66, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.68.Price to Earnings Ratio vs. SectorThe P/E ratio of Sphere Entertainment is 4.66, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 14.33.Price to Book Value per Share RatioSphere Entertainment has a P/B Ratio of 0.66. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad MarketBeatYour $200 account credit is about to expireUpdate to MarketBeat All Access and Save $300 on Your Annual SubscriptionStart 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 HeadlinesMarch 16, 2024 | insidertrades.comInsider Buying: Sphere Entertainment Co. (NYSE:SPHR) CEO Acquires 110,156 Shares of StockMarch 13, 2024 | insidertrades.comInsider Selling: Sphere Entertainment Co. (NYSE:SPHR) CEO Sells 12,131 Shares of StockMarch 28, 2024 | Crypto 101 Media (Ad)Crypto Market Preps For Trillions Worth of Inflows! Bitcoin is rapidly approaching new ALL-TIME HIGHS… The market is buzzing after recent approval of spot Bitcoin exchange-traded funds (ETF). Top analysts predict these ETFs will attract trillions of dollars worth of inflows over the next few years… And as Bitcoin rallies, we could see other smaller coins rise to heights never seen before.March 27, 2024 | benzinga.comSphere Entertainment Stock (NYSE:SPHR), Quotes and News SummaryMarch 20, 2024 | finance.yahoo.comSPHERE ANNOUNCES FIRST KEYNOTE EVENT WITH HEWLETT PACKARD ENTERPRISE - NEXT-GENERATION VENUE POISED TO REDEFINE BRAND STORYTELLING AND KEYNOTE CATEGORYMarch 18, 2024 | americanbankingnews.comSphere Entertainment Co. (NYSE:SPHR) Receives Average Recommendation of "Hold" from BrokeragesMarch 17, 2024 | msn.comFor St. Patrick’s Day, U2 toasts Sphere finaleMarch 17, 2024 | finance.yahoo.comSPHR Apr 2024 57.000 callMarch 28, 2024 | Crypto 101 Media (Ad)Crypto Market Preps For Trillions Worth of Inflows! Bitcoin is rapidly approaching new ALL-TIME HIGHS… The market is buzzing after recent approval of spot Bitcoin exchange-traded funds (ETF). Top analysts predict these ETFs will attract trillions of dollars worth of inflows over the next few years… And as Bitcoin rallies, we could see other smaller coins rise to heights never seen before.March 16, 2024 | finance.yahoo.comSPHR Mar 2024 57.000 callMarch 16, 2024 | finance.yahoo.comSPHR Mar 2024 40.000 putMarch 15, 2024 | msn.comSphere launches student design challenge to feature artwork on exosphereMarch 14, 2024 | finance.yahoo.comShareholders in Sphere Entertainment (NYSE:SPHR) are in the red if they invested three years agoMarch 14, 2024 | prnewswire.comSPHERE LAUNCHES "SPHERE XO STUDENT DESIGN CHALLENGE" A FIRST-OF-ITS-KIND PARTNERSHIP WITH THE LAS VEGAS COMMUNITY MARKING THE FIRST TIME MEMBERS OF THE GENERAL PUBLIC WILL SEE THEIR ART FEATURED ON THE EXOSPHEREMarch 14, 2024 | ca.finance.yahoo.comSphere Entertainment Co (MQ2.SG)March 13, 2024 | benzinga.comDogwifhat Raises $650K To Put Meme Coin On Las Vegas Sphere: 'This Cycle Is Going To Get Crazier' Crypto Writer SaysMarch 13, 2024 | msn.comU2 at Sphere: 5 best moments of 2024 showsMarch 11, 2024 | finance.yahoo.comSPHR Mar 2024 52.500 putMarch 10, 2024 | finance.yahoo.comSPHR Apr 2024 50.000 callMarch 10, 2024 | msn.com3 Entertainment Stocks Set to Soar as the Digital Future UnfoldsMarch 10, 2024 | 247wallst.comBuffett Loads Up on This Stock Again, Plus CEO Insider BuyingMarch 9, 2024 | finance.yahoo.comSPHR Mar 2024 46.000 callMarch 9, 2024 | finance.yahoo.comSPHR Jun 2024 52.500 callMarch 7, 2024 | prnewswire.comSPHERE ENTERTAINMENT AND HITACHI VANTARA REVEAL NEW DETAILS ON POWERING HIGH-RESOLUTION VIDEO CONTENT AT SPHEREMarch 6, 2024 | ca.finance.yahoo.comSPHR Jan 2025 50.000 callMarch 5, 2024 | finance.yahoo.comSPHR Mar 2024 52.000 callMarch 5, 2024 | finance.yahoo.comSPHR Mar 2024 46.000 putSee 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 Earnings2/05/2024Today3/27/2024Next Earnings (Estimated)5/08/2024Fiscal Year End6/30/2024Get 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$35.60 High Stock Price Target$43.00 Low Stock Price Target$26.00 Potential Upside/Downside-27.7%Consensus RatingHold Rating Score (0-4)2.29 Research Coverage7 Analysts Profitability EPS (Most Recent Fiscal Year)$10.58 Trailing P/E Ratio4.66 Forward P/E RatioN/A P/E GrowthN/ANet Income$502.77 million Net Margins40.36% Pretax Margin18.18% Return on Equity8.91% Return on Assets4.17% Debt Debt-to-Equity Ratio0.21 Current Ratio0.63 Quick Ratio0.63 Sales & Book Value Annual Sales$573.83 million Price / Sales3.02 Cash Flow$8.81 per share Price / Cash Flow5.59 Book Value$74.78 per share Price / Book0.66Miscellaneous Outstanding Shares35,140,000Free Float26,544,000Market Cap$1.73 billion OptionableNot Optionable Beta1.38 5G Stocks: The Path Forward is ProfitableClick the link below and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise. Get This Free Report Key ExecutivesMr. James Lawrence Dolan (Age 69)Executive Chairman & CEO Comp: $5.34MMr. David F. Byrnes (Age 54)Executive VP, CFO & Treasurer Comp: $1.46MMr. 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. Ray CasazzaExecutive Vice President of AdministrationMr. Ari Danes C.F.A.Senior Vice President of Investor Relations, Financial Communications & TreasuryMikyl 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 CompetitorsBowleroNYSE:BOWLAccel EntertainmentNYSE:ACELNeoGamesNASDAQ:NGMSManchester UnitedNYSE:MANUReservoir MediaNASDAQ:RSVRView All CompetitorsInsiders & InstitutionsNomura Holdings Inc.Sold 110,229 shares on 3/27/2024Ownership: 0.028%Vanguard Group Inc.Bought 100,311 shares on 3/11/2024Ownership: 7.939%Andrea GreenbergSold 12,131 sharesTotal: $618,681.00 ($51.00/share)James Lawrence DolanBought 110,156 shares on 3/4/2024Total: $5.16 M ($46.88/share)James Lawrence DolanBought 76,139 shares on 2/28/2024Total: $3.10 M ($40.73/share)View All Insider TransactionsView All Institutional Transactions SPHR Stock Analysis - Frequently Asked Questions Should I buy or sell Sphere Entertainment stock right now? 7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sphere Entertainment in the last year. There are currently 5 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" SPHR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SPHR, but not buy additional shares or sell existing shares. View SPHR analyst ratings or view top-rated stocks. What is Sphere Entertainment's stock price target for 2024? 7 equities research analysts have issued 1 year price objectives for Sphere Entertainment's shares. Their SPHR share price targets range from $26.00 to $43.00. On average, they anticipate the company's stock price to reach $35.60 in the next twelve months. This suggests that the stock has a possible downside of 27.7%. View analysts price targets for SPHR or view top-rated stocks among Wall Street analysts. How have SPHR shares performed in 2024? Sphere Entertainment's stock was trading at $33.96 on January 1st, 2024. Since then, SPHR shares have increased by 45.1% and is now trading at $49.27. View the best growth stocks for 2024 here. When is Sphere Entertainment's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024. View our SPHR earnings forecast. How were Sphere Entertainment's earnings last quarter? Sphere Entertainment Co. (NYSE:SPHR) issued its earnings results on Monday, February, 5th. The company reported ($4.91) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.49) by $4.42. The firm earned $314.16 million during the quarter, compared to analysts' expectations of $303.28 million. Sphere Entertainment had a net margin of 40.36% and a trailing twelve-month return on equity of 8.91%. The business's revenue was up 96.9% on a year-over-year basis. During the same period in the prior year, the company posted $2.25 EPS. What ETFs hold Sphere Entertainment's stock? ETFs with the largest weight of Sphere Entertainment (NYSE:SPHR) stock in their portfolio include Invesco Leisure and Entertainment ETF (PEJ), Schwab Ariel ESG ETF (SAEF), MUSQ Global Music Industry ETF (MUSQ), Invesco S&P Spin-Off ETF (CSD) and First Trust Small Cap Growth AlphaDEX Fund (FYC).First Trust Small Cap Core AlphaDEX Fund (FYX). Who are Sphere Entertainment's major shareholders? Sphere Entertainment's stock is owned by a number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (7.94%), Vanguard Group Inc. (7.94%), Price T Rowe Associates Inc. MD (4.89%), Price T Rowe Associates Inc. MD (4.89%), Dimensional Fund Advisors LP (4.42%) and Balyasny Asset Management L.P. (2.63%). Insiders that own company stock include Andrea Greenberg, Entertainment Co Sphere and James Lawrence Dolan. 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 3/28/2024 by MarketBeat.com Staff From Our PartnersTrump’s “Tax Free” Retirement Strategy Gold Safe ExchangeTop Project Outperforms BTC in 2023…Crypto 101 MediaMake This $3 Trade the Instant the Opening Bell RingsMonument Traders AllianceThis AI Trade Machine Made 1,729%* (With 89% Wins)Prosper Trading Academy“The Stock Market’s Bull Run is Far from Over” -BarronsVertical Research AdvisorySHOCKING Footage From Tesla Gigafactory In Austin, TexasInvestorPlaceBuy this small stock before coming AI Tidal WaveChaikin AnalyticsThe 3rd Revolution in WarfareWeiss Ratings Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. 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