Sphere Entertainment (SPHR)

• Market cap: $1.39B
• 1 day: 5.19%
• 5 days: 2.38%
• 1 month: -8.01%
• 3 months: -5.77%
• 6 months: 13.82%
• Year to date: 15.49%
• 1 year: 12.37%
• 5 years: -56.28%
• 10 years: -56.28%
• Sector: Consumer Discretionary
• Industry: Amusement & Recreation Services

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 Q3 regulatory filings by fund managers ($100M+ AUM)

100% more funds holding in top 10

Funds holding in top 10: 1 [Q2] → 2 (+1) [Q3]

22% more capital invested

Capital invested by funds: $1.17B [Q2] → $1.42B (+$256M) [Q3]

15% more call options, than puts

Call options by funds: $104M | Put options by funds: $90.2M

1% more funds holding

Funds holding: 207 [Q2] → 210 (+3) [Q3]

7% more first-time investments, than exits

New positions opened: 45 | Existing positions closed: 42

9% less repeat investments, than reductions

Existing positions increased: 58 | Existing positions reduced: 64

3.9% less ownership

Funds ownership: 116.92% [Q2] → 113.02% (-3.9%) [Q3]

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $45 16% upside
• Avg. target: $53 36% upside
• High target: $60 55% upside

2 analyst ratings

• positive: 1 50%
• neutral: 1 50%
• negative: 0 0%

Macquarie Paul Golding 80% 1-year accuracy 36 / 45 met price target	16% upside $45	Neutral Maintained	13 Nov 2024
Wolfe Research Peter Supino 40% 1-year accuracy 2 / 5 met price target	55% upside $60	Outperform Upgraded	2 Oct 2024