NYSE:SPHR Sphere Entertainment (SPHR) Stock Price, News & Analysis → Must-See: Elon’s New Invention is Absolutely Insane (From InvestorPlace) (Ad) Free SPHR Stock Alerts $36.04 -1.36 (-3.64%) (As of 05/17/2024 06:40 PM ET) Add Compare Share Share Today's Range$35.81▼$37.6250-Day Range$36.07▼$49.2752-Week Range$22.82▼$51.83Volume1.23 million shsAverage Volume734,906 shsMarket Capitalization$1.27 billionP/E Ratio3.31Dividend 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 RatingHold2.14 Rating ScoreUpside/Downside1.2% Downside$35.60 Price TargetShort InterestBearish25.84% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews SentimentN/AInsider TradingAcquiring Shares$10.71 M Bought Last QuarterProj. Earnings GrowthDecreasingFrom ($4.73) to ($5.06) 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.1.17 out of 5 starsConsumer Discretionary Sector218th out of 271 stocksAmusement & Recreation Services Industry12th out of 13 stocks 1.1 Analyst's Opinion Consensus RatingSphere Entertainment has received a consensus rating of Hold. The company's average rating score is 2.14, and is based on 1 buy rating, 6 hold ratings, and no sell ratings.Amount of Analyst CoverageSphere Entertainment has only been the subject of 1 research reports in the past 90 days.Read more about Sphere Entertainment's stock forecast and price target. Previous Next 1.0 Short Interest Percentage of Shares Shorted25.84% 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 9.8.Change versus previous monthShort interest in Sphere Entertainment has recently increased by 6.72%, indicating that investor sentiment is decreasing 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 2.2 News and Social Media Coverage News SentimentSphere Entertainment has a news sentiment score of 0.98. 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 0.55 average news sentiment score of Consumer Discretionary companies.News Coverage This WeekMarketBeat has tracked 1 news article for Sphere Entertainment this week, compared to 4 articles on an average week.Search InterestOnly 5 people have searched for SPHR on MarketBeat in the last 30 days. This is a decrease of -17% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added Sphere Entertainment to their MarketBeat watchlist in the last 30 days. This is a decrease of -91% 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.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 ($4.73) to ($5.06) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Sphere Entertainment is 3.31, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.05.Price to Earnings Ratio vs. SectorThe P/E ratio of Sphere Entertainment is 3.31, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 13.70.Price to Book Value per Share RatioSphere Entertainment has a P/B Ratio of 0.48. 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 Crypto 101 MediaThe Overlooked Retirement Asset You Probably Don’t Own4 out of 5 Americans believe we’re on the brink of a retirement crisis. Luckily, in these unprecedented times, we have an unprecedented solution. Once considered a “fringe” investment, the crypto market is now taking the world by storm.Click here to access the Crypto Retirement Blueprint now. 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 HeadlinesMay 13, 2024 | prnewswire.comSPHERE ENTERTAINMENT ACQUIRES HOLOPLOTMay 13, 2024 | americanbankingnews.comSphere Entertainment (NYSE:SPHR) Announces Earnings Results, Misses Expectations By $0.98 EPSMay 13, 2024 | finance.yahoo.comSphere Entertainment Co (SPHR) (Q3 2024) Earnings Call Transcript Highlights: Navigating ...May 12, 2024 | msn.comSphere Entertainment Co. (NYSE:SPHR) Q3 2024 Earnings Call TranscriptMay 12, 2024 | americanbankingnews.comSphere Entertainment (NYSE:SPHR) Trading Down 6.2% on Disappointing EarningsMay 12, 2024 | seekingalpha.comSphere Entertainment Co. (SPHR) Q3 2024 Earnings Call TranscriptMay 12, 2024 | americanbankingnews.comSphere Entertainment (NYSE:SPHR) Stock Price Down 6.2% After Earnings MissMay 10, 2024 | finance.yahoo.comSphere Entertainment (NYSE:SPHR) Misses Q1 Revenue EstimatesMay 10, 2024 | markets.businessinsider.comSPHR Stock Earnings: Sphere Entertainment Misses EPS, Misses Revenue for Q3 2024May 10, 2024 | prnewswire.comSPHERE ENTERTAINMENT CO. REPORTS FISCAL 2024 THIRD QUARTER RESULTSMay 3, 2024 | prnewswire.comSphere Entertainment Co. to Host Fiscal 2024 Third Quarter Conference CallApril 22, 2024 | seekingalpha.comThe Sizzle Is Fading For Sphere EntertainmentApril 21, 2024 | nasdaq.comNotable Two Hundred Day Moving Average Cross - SPHRApril 8, 2024 | msn.comIt’s time for Sphere shares to ‘take a breather’ says Seaport, downgrading the entertainment venue’s stockApril 8, 2024 | msn.comSphere Entertainment cut to Neutral at SeaportApril 3, 2024 | finance.yahoo.comSphere Entertainment Co. (SPHR) Fell Due to Concerns Over Its High Fixed Costs and LeverageMarch 29, 2024 | msn.comExecutive Turntable: Sphere Gets Creative; PushaRod Joins Hallwood; Wasserman Orchestrates DivisionMarch 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 17, 2024 | msn.comFor St. Patrick’s Day, U2 toasts Sphere finaleMarch 17, 2024 | finance.yahoo.comSPHR Apr 2024 57.000 callMarch 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 agoSee 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 Earnings5/10/2024Today5/19/2024Fiscal Year End6/30/2024Next Earnings (Estimated)8/27/2024Get 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-1.2%Consensus RatingHold Rating Score (0-4)2.14 Research Coverage7 Analysts Profitability EPS (Most Recent Fiscal Year)$10.89 Trailing P/E Ratio3.31 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 Ratio0.63 Sales & Book Value Annual Sales$573.83 million Price / Sales2.22 Cash Flow$8.03 per share Price / Cash Flow4.49 Book Value$69.17 per share Price / Book0.52Miscellaneous Outstanding Shares35,330,000Free Float26,687,000Market Cap$1.27 billion OptionableNot Optionable Beta1.46 10 Best Stocks to Own in 2024Click the link below and we'll send you MarketBeat's list of the 10 best stocks to own in 2024 and why they should be in your portfolio. 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 CompetitorsNeoGamesNASDAQ:NGMSBowleroNYSE:BOWLAccel EntertainmentNYSE:ACELReservoir MediaNASDAQ:RSVRManchester UnitedNYSE:MANUView All CompetitorsInsiders & InstitutionsWalleye Trading LLCBought 37,800 shares on 5/17/2024Ownership: 0.000%Jericho Capital Asset Management L.P.Bought 106,651 shares on 5/16/2024Ownership: 7.236%Bornite Capital Management LPBought 200,000 shares on 5/16/2024Ownership: 0.569%California State Teachers Retirement SystemSold 1,144 shares on 5/16/2024Ownership: 0.073%Jane Street Group LLCSold 13,900 shares on 5/16/2024Ownership: 0.000%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 analysts have issued "buy," "hold," and "sell" ratings for Sphere Entertainment in the last twelve months. There are currently 6 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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 brokerages have issued 12 month price objectives for Sphere Entertainment's shares. Their SPHR share price targets range from $26.00 to $43.00. On average, they predict the company's share price to reach $35.60 in the next twelve months. This suggests that the stock has a possible downside of 1.2%. 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 at the start of the year. Since then, SPHR stock has increased by 6.1% and is now trading at $36.04. 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 Tuesday, August 27th 2024. View our SPHR earnings forecast. How were Sphere Entertainment's earnings last quarter? Sphere Entertainment Co. (NYSE:SPHR) issued its quarterly earnings data on Friday, May, 10th. The company reported ($1.33) earnings per share for the quarter, missing the consensus estimate of ($0.35) by $0.98. The business had revenue of $321.33 million for the quarter, compared to analyst estimates of $324.65 million. Sphere Entertainment had a trailing twelve-month return on equity of 8.11% and a net margin of 43.36%. The firm's revenue for the quarter was up 98.3% on a year-over-year basis. During the same period in the prior year, the business earned ($1.08) earnings per share. 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), MUSQ Global Music Industry ETF (MUSQ), Schwab Ariel ESG ETF (SAEF) and Invesco S&P Spin-Off ETF (CSD).WisdomTree U.S. SmallCap Fund (EES). Who are Sphere Entertainment's major shareholders? Sphere Entertainment's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Ariel Investments LLC (14.57%), Vanguard Group Inc. (7.99%), Jericho Capital Asset Management L.P. (7.24%), Price T Rowe Associates Inc. MD (3.91%), Gamco Investors INC. ET AL (2.73%) and Gabelli Funds LLC (1.92%). 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 5/20/2024 by MarketBeat.com Staff From Our PartnersRed Alert: Your Money's Disappearance Act - Banks' Greed Unleashed!Priority GoldUrgent Nvidia WarningAltimetryDoes this make you sick?Allegiance GoldThe Overlooked Retirement Asset You Probably Don’t OwnCrypto 101 MediaThis Apple-like Innovator is Revolutionizing HealthcareWall Street StarShocking: One AI startup's revenue could surge 4,735%Manward PressGlobal crypto currency reset (41 major banks signed up)Stansberry ResearchExposed: 10 CENT Crypto to Explode May 20th?True Market Insiders 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 Sphere Entertainment Co. 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