Sphere Entertainment (NYSE:SPHR) Stock Rating Lowered by Craig Hallum

Sphere Entertainment (NYSE:SPHR) was downgraded by equities researchers at Craig Hallum from a “buy” rating to a “hold” rating in a research note issued on Monday, Marketbeat Ratings reports. They presently have a $132.00 price objective on the stock. Craig Hallum’s price objective indicates a potential upside of 24.72% from the company’s current price.

A number of other equities analysts have also recently weighed in on the company. New Street Research set a $188.00 price objective on Sphere Entertainment in a report on Tuesday, July 14th. JPMorgan Chase & Co. reduced their price target on shares of Sphere Entertainment from $165.00 to $164.00 and set an “overweight” rating on the stock in a research report on Friday, July 31st. Guggenheim lifted their price target on shares of Sphere Entertainment from $193.00 to $208.00 and gave the stock a “buy” rating in a research note on Wednesday, September 2nd. Susquehanna boosted their price objective on shares of Sphere Entertainment from $159.00 to $182.00 and gave the stock a “positive” rating in a report on Thursday, June 18th. Finally, Citigroup restated a “market outperform” rating on shares of Sphere Entertainment in a report on Tuesday, September 1st. Eleven equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Sphere Entertainment currently has a consensus rating of “Moderate Buy” and a consensus price target of $168.40.

Sphere Entertainment Stock Down 4.5%

SPHR opened at $105.84 on Monday. The business’s fifty day simple moving average is $147.02 and its 200 day simple moving average is $141.25. Sphere Entertainment has a 52 week low of $57.01 and a 52 week high of $181.63. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.32. The stock has a market cap of $3.80 billion, a PE ratio of -39.49 and a beta of 1.61.

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, topping the consensus estimate of ($1.51) by $0.44. Sphere Entertainment had a negative return on equity of 1.38% and a negative net margin of 6.19%.The firm had revenue of $313.64 million during the quarter, compared to analyst estimates of $307.44 million. During the same quarter in the previous year, the company posted $3.39 earnings per share. The company’s revenue was up 10.9% compared to the same quarter last year. As a group, research analysts expect that Sphere Entertainment will post -2.34 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sphere Entertainment

Institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC lifted its stake in shares of Sphere Entertainment by 7.1% in the 2nd quarter. GAMMA Investing LLC now owns 961 shares of the company’s stock valued at $166,000 after purchasing an additional 64 shares in the last quarter. Arizona State Retirement System increased its position in Sphere Entertainment by 1.1% during the 2nd quarter. Arizona State Retirement System now owns 7,111 shares of the company’s stock worth $1,230,000 after purchasing an additional 75 shares in the last quarter. Rockefeller Capital Management L.P. raised its holdings in Sphere Entertainment by 19.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 608 shares of the company’s stock valued at $58,000 after buying an additional 100 shares during the period. Vision Retirement LLC lifted its position in Sphere Entertainment by 38.0% during the first quarter. Vision Retirement LLC now owns 483 shares of the company’s stock valued at $57,000 after buying an additional 133 shares in the last quarter. Finally, Corient Private Wealth LP lifted its position in Sphere Entertainment by 1.3% during the second quarter. Corient Private Wealth LP now owns 15,930 shares of the company’s stock valued at $2,756,000 after buying an additional 198 shares in the last quarter. 92.03% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines 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

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.