Sphere Entertainment Co. (NYSE:SPHR) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Sphere Entertainment Co. (NYSE:SPHR) have received an average rating of “Moderate Buy” from the fourteen brokerages that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $168.40.

A number of research firms have weighed in on SPHR. Citigroup reaffirmed a “market outperform” rating on shares of Sphere Entertainment in a research note on Tuesday. JPMorgan Chase & Co. lowered their price target on Sphere Entertainment from $165.00 to $164.00 and set an “overweight” rating for the company in a research report on Friday, July 31st. Seaport Research Partners reissued a “buy” rating and set a $191.00 price target on shares of Sphere Entertainment in a research report on Thursday, August 13th. Benchmark upped their price objective on shares of Sphere Entertainment from $155.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, June 18th. Finally, Citizens Jmp boosted their target price on Sphere Entertainment from $175.00 to $200.00 and gave the stock a “market outperform” rating in a research note on Wednesday, June 17th.

Key Stories Impacting Sphere Entertainment

Here are the key news stories impacting Sphere Entertainment this week:

• Positive Sentiment: Despite the pullback, a bullish investment case remains intact. Sphere’s core venue business is reportedly generating improving adjusted operating income, while enhanced 4D programming and strong audience demand could support attendance and revenue growth. Several additional Sphere venues are in development, offering a potentially scalable model for global expansion. Sphere Entertainment: Don’t Let The Selloff Spook You
• Positive Sentiment: Retail investors remain highly bullish, and options activity was unusually strong: investors purchased approximately 9,775 call options, about 1,615% above the typical daily volume. This suggests some traders are positioning for a rebound, although options activity can also increase volatility.
• Neutral Sentiment: Craig-Hallum lowered its price target to $132 from $170 while maintaining a target above the reported trading level. The firm nevertheless changed its rating from Buy to Hold, signaling reduced near-term conviction rather than a complete rejection of Sphere’s long-term prospects. Craig-Hallum Downgrades Sphere Entertainment
• Negative Sentiment: The primary catalyst for the decline was the downgrade and sharp target reduction. Analysts said “Wizard of Oz” interest is weakening and demand may be softening faster than expected, raising concerns about attendance, revenue growth and whether Wall Street expectations have become too optimistic. Sphere Entertainment Sinks on Analyst Downgrade
• Negative Sentiment: The stock reached a multi-month low amid the downgrade-driven selling. With shares trading well below their recent moving averages and short interest elevated, continued volatility and additional downside pressure remain risks if demand data or analyst sentiment deteriorate further. Sphere Entertainment Declines to Multi-Month Low

Sphere Entertainment Price Performance

Sphere Entertainment stock opened at $105.84 on Wednesday. Sphere Entertainment has a one year low of $57.01 and a one year high of $181.63. The stock’s 50 day moving average is $147.02 and its 200 day moving average is $141.25. The firm has a market cap of $3.80 billion, a P/E ratio of -39.49 and a beta of 1.61. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.22 and a quick ratio of 1.22.

Sphere Entertainment (NYSE:SPHR) last issued its quarterly earnings results on Thursday, July 30th. The company reported ($1.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.51) by $0.44. The firm had revenue of $313.64 million for the quarter, compared to analyst estimates of $307.44 million. Sphere Entertainment had a negative return on equity of 1.38% and a negative net margin of 6.19%.The company’s revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.39 earnings per share. As a group, research analysts expect that Sphere Entertainment will post -2.34 EPS for the current year.

Institutional Trading of Sphere Entertainment

Several hedge funds have recently added to or reduced their stakes in SPHR. Polaris Financial Partners bought a new stake in Sphere Entertainment in the 3rd quarter valued at about $43,000. Caitong International Asset Management Co. Ltd raised its stake in shares of Sphere Entertainment by 93.9% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 570 shares of the company’s stock valued at $54,000 after purchasing an additional 276 shares during the period. Parallel Advisors LLC raised its stake in shares of Sphere Entertainment by 275.0% during the 1st quarter. Parallel Advisors LLC now owns 465 shares of the company’s stock valued at $55,000 after purchasing an additional 341 shares during the period. Vision Retirement LLC lifted its holdings in Sphere Entertainment by 38.0% during the 1st quarter. Vision Retirement LLC now owns 483 shares of the company’s stock worth $57,000 after purchasing an additional 133 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its holdings in Sphere Entertainment by 19.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 608 shares of the company’s stock worth $58,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 92.03% of the company’s stock.

About Sphere Entertainment

Sphere Entertainment Co is an entertainment company focused on developing and operating large-scale live experiences, media properties and venues. Its flagship asset is Sphere, a next-generation entertainment venue in Las Vegas featuring a wraparound interior display, immersive audio and experiential programming. Sphere presents concerts, films, sporting events and other productions designed to combine live performance with advanced visual and audio technology.

The company also operates MSG Networks, a regional sports and entertainment media business serving audiences primarily in the New York metropolitan area.