Sphere EntertainmentSPHR
Market Cap: $1.53B
About: Sphere Entertainment Co is a live entertainment and media company. The firm creates, writes, casts, produces, and tours shows and events. The group has two reportable segments which includeSphere and MSG Networks. Sphere is a next-generation entertainment medium, and MSG Networks operates two regional sports and entertainment networks, as well as a direct-to-consumer (DTC) and authenticated streaming product.
Employees: 3,100
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
92% more call options, than puts
Call options by funds: $94.4M | Put options by funds: $49.2M
50% more repeat investments, than reductions
Existing positions increased: 72 | Existing positions reduced: 48
2.41% more ownership
Funds ownership: 112.3% [Q1] → 114.71% (+2.41%) [Q2]
0% more funds holding
Funds holding: 204 [Q1] → 204 (+0) [Q2]
0% more first-time investments, than exits
New positions opened: 41 | Existing positions closed: 41
27% less capital invested
Capital invested by funds: $1.56B [Q1] → $1.14B (-$414M) [Q2]
50% less funds holding in top 10
Funds holding in top 10: 2 [Q1] → 1 (-1) [Q2]
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
Benchmark Mike Hickey 74% 1-year accuracy 48 / 65 met price target | 8%downside $40 | Sell Downgraded | 3 Sept 2024 |
Macquarie Paul Golding 63% 1-year accuracy 10 / 16 met price target | 9%upside $47 | Neutral Maintained | 16 Aug 2024 |
JP Morgan David Karnovsky 65% 1-year accuracy 13 / 20 met price target | 32%upside $57 | Overweight Upgraded | 16 Aug 2024 |
Seaport Global David Joyce 62% 1-year accuracy 13 / 21 met price target | 11%upside $48 | Buy Upgraded | 7 Aug 2024 |
Morgan Stanley Benjamin Swinburne 73% 1-year accuracy 11 / 15 met price target | 4%upside $45 | Equal-Weight Maintained | 11 Jul 2024 |
Financial journalist opinion
Based on 11 articles about SPHR published over the past 30 days