NYSE:SPHR Sphere Entertainment (SPHR) Stock Price, News & Analysis $49.24 +0.73 (+1.50%) (As of 10:47 AM ET) Add Compare Share Share Today's Range$48.60▼$49.5350-Day Range$32.49▼$49.5152-Week Range$27.02▼$51.83Volume110,255 shsAverage Volume704,319 shsMarket Capitalization$1.74 billionP/E Ratio4.52Dividend YieldN/APrice Target$47.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestTrends Get Sphere Entertainment alerts: Email Address Sphere Entertainment MarketRank™ Stock AnalysisAnalyst RatingHold2.25 Rating ScoreUpside/Downside3.1% Downside$47.00 Price TargetShort InterestHealthy23.82% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.79Based on 24 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.2.77 out of 5 starsConsumer Discretionary Sector156th out of 263 stocksAmusement & Recreation Services Industry6th out of 14 stocks 2.1 Analyst's Opinion Consensus RatingSphere Entertainment has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 2 buy ratings, 6 hold ratings, and no sell ratings.Amount of Analyst CoverageSphere Entertainment has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Sphere Entertainment's stock forecast and price target. Previous Next 3.0 Short Interest Percentage of Shares Shorted23.82% 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 9.3.Change versus previous monthShort interest in Sphere Entertainment has recently decreased by 8.83%, 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 3.8 News and Social Media Coverage News SentimentSphere Entertainment has a news sentiment score of 0.79. 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 0.44 average news sentiment score of Consumer Discretionary companies.News Coverage This WeekMarketBeat has tracked 24 news articles for Sphere Entertainment this week, compared to 5 articles on an average week.Search Interest3 people have searched for SPHR on MarketBeat in the last 30 days. This is an increase of 200% compared to the previous 30 days.MarketBeat Follows3 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 4.45, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 145.35.Price to Earnings Ratio vs. SectorThe P/E ratio of Sphere Entertainment is 4.45, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 15.01.Price to Book Value per Share RatioSphere Entertainment has a P/B Ratio of 0.65. 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 Stansberry ResearchThe Strange Disappearance of MILLIONS of American JobsA former hedge fund manager who bought Apple at a split-adjusted 35 cents and Amazon at $2.40 (split adjusted) just went issued a major warning.You can watch our interview, here, free of charge. 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 HeadlinesAugust 20 at 3:48 AM | americanbankingnews.comQ1 2025 Earnings Estimate for Sphere Entertainment Co. (NYSE:SPHR) Issued By Seaport Res PtnAugust 19 at 2:28 PM | benzinga.comSphere Entertainment Upgraded On 'Proven Out' Model: Global Franchise Potential Not Yet Priced InAugust 22, 2024 | Stansberry Research (Ad)The Strange Disappearance of MILLIONS of American JobsA former hedge fund manager who bought Apple at a split-adjusted 35 cents and Amazon at $2.40 (split adjusted) just went issued a major warning.August 19 at 4:29 AM | americanbankingnews.comMacquarie Raises Sphere Entertainment (NYSE:SPHR) Price Target to $47.00August 18, 2024 | americanbankingnews.comSphere Entertainment (NYSE:SPHR) Rating Increased to Overweight at JPMorgan Chase & Co.August 17, 2024 | americanbankingnews.comSphere Entertainment (NYSE:SPHR) Posts Quarterly Earnings Results, Beats Estimates By $0.47 EPSAugust 17, 2024 | msn.comJP Morgan Upgrades Sphere Entertainment (SPHR)August 17, 2024 | americanbankingnews.comSphere Entertainment (NYSE:SPHR) Sees Strong Trading Volume Following Analyst UpgradeAugust 22, 2024 | Stansberry Research (Ad)The Strange Disappearance of MILLIONS of American JobsA former hedge fund manager who bought Apple at a split-adjusted 35 cents and Amazon at $2.40 (split adjusted) just went issued a major warning.August 16, 2024 | msn.comSphere’s stock climbs after upgrade from J.P. MorganAugust 16, 2024 | msn.comJ.P. Morgan turns bullish on Las Vegas Sphere owner on business model confidenceAugust 16, 2024 | fool.comSphere Entertainment Stock Soared This Week. Here's Why.August 16, 2024 | finance.yahoo.comSphere Entertainment Full Year 2024 Earnings: EPS Beats ExpectationsAugust 16, 2024 | markets.businessinsider.comBuy Rating Affirmed for Sphere Entertainment on Strong Vegas Performance and Expansion PotentialAugust 15, 2024 | markets.businessinsider.comAnalysts Conflicted on These Communication Services Names: Tencent Holdings Limited (OtherTCTZF), Sphere Entertainment (SPHR) and DoorDash (DASH)August 15, 2024 | gurufocus.comQ4 2024 Sphere Entertainment Co Earnings Call TranscriptAugust 15, 2024 | americanbankingnews.comSphere Entertainment Co. (NYSE:SPHR) Receives Average Recommendation of "Hold" from AnalystsAugust 14, 2024 | msn.comSphere Entertainment revenue doubles but swings to a loss on high operating expensesSee 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 Earnings8/14/2024Today8/22/2024Next Earnings (Estimated)11/13/2024Fiscal Year End6/30/2025Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorConsumer Discretionary Industry Amusement & recreation services Sub-IndustryEntertainment Current SymbolNYSE:SPHR CUSIPN/A CIK1795250 Webwww.msgentertainment.com Phone212-465-6000FaxN/AEmployees10,900Year FoundedN/APrice Target and Rating Average Stock Price Target$47.00 High Stock Price Target$57.00 Low Stock Price Target$43.00 Potential Upside/Downside-3.9%Consensus RatingHold Rating Score (0-4)2.25 Research Coverage8 Analysts Profitability EPS (Most Recent Fiscal Year)$10.89 Trailing P/E Ratio4.49 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$1.03 billion Price / Sales1.68 Cash Flow$9.39 per share Price / Cash Flow5.21 Book Value$74.78 per share Price / Book0.65Miscellaneous Outstanding Shares35,328,000Free Float26,687,000Market Cap$1.73 billion OptionableNot Optionable Beta1.41 10 "Recession Proof" Stocks That Will Thrive in Any MarketWhich stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.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 CompetitorsLife Time GroupNYSE:LTHiQIYINASDAQ:IQManchester UnitedNYSE:MANUAtlanta BravesNASDAQ:BATRACedar FairNYSE:FUNView All CompetitorsInsiders & InstitutionsSystematic Financial Management LPSold 7,395 shares on 8/16/2024Ownership: 1.020%Susquehanna International Group LLPSold 134,100 shares on 8/16/2024Ownership: 0.000%Luxor Capital Group LPBought 1,000 shares on 8/15/2024Ownership: 0.062%The Manufacturers Life Insurance Company Bought 359 shares on 8/15/2024Ownership: 0.037%Susquehanna Fundamental Investments LLCBought 9,800 shares on 8/15/2024Ownership: 0.028%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 start of the year. Since then, SPHR stock has increased by 42.8% and is now trading at $48.51. View the best growth stocks for 2024 here. How were Sphere Entertainment's earnings last quarter? Sphere Entertainment Co. (NYSE:SPHR) announced its quarterly earnings data on Wednesday, August, 14th. The company reported ($2.00) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($2.47) by $0.47. Sphere Entertainment's quarterly revenue was up 111.8% on a year-over-year basis. Who are Sphere Entertainment's major shareholders? Sphere Entertainment's top institutional shareholders include Ariel Investments LLC (15.68%), Dimensional Fund Advisors LP (4.23%), Gabelli Funds LLC (1.87%) and Primecap Management Co. CA (1.75%). 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 8/22/2024 by MarketBeat.com Staff From Our PartnersWhat Is the $7,882 Stimulus Payment 2024?Biden’s government just announced a new government "stimulus program"... And it could hand you a payment fo...Angel Publishing | SponsoredAir Force quietly working with sub $10 stock on new techThere is a little-known energy technology stock that has made an incredible breakthrough… Which could becom...DTI | SponsoredMillionaire Investor Warns: “Brace for Apple Collapse”Apple stock has quadrupled over the past five years. But now even Warren Buffett is pulling the plug. 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