Seaport Res Ptn Issues Positive Forecast for SPHR Earnings

Sphere Entertainment Co. (NYSE:SPHR) – Investment analysts at Seaport Res Ptn lifted their Q3 2026 earnings estimates for shares of Sphere Entertainment in a research report issued on Tuesday, March 11th. Seaport Res Ptn analyst D. Joyce now forecasts that the company will post earnings per share of ($1.43) for the quarter, up from their previous forecast of ($1.68). The consensus estimate for Sphere Entertainment’s current full-year earnings is ($11.47) per share. Seaport Res Ptn also issued estimates for Sphere Entertainment’s Q4 2026 earnings at ($1.67) EPS, Q1 2027 earnings at ($2.38) EPS and Q2 2027 earnings at ($1.05) EPS.

Other research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. dropped their target price on shares of Sphere Entertainment from $57.00 to $54.00 and set an “overweight” rating on the stock in a report on Tuesday, March 4th. Macquarie dropped their target price on shares of Sphere Entertainment from $45.00 to $40.00 and set a “neutral” rating on the stock in a report on Tuesday. Finally, Benchmark reiterated a “sell” rating on shares of Sphere Entertainment in a report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $46.75.

Sphere Entertainment Stock Performance

Shares of SPHR opened at $31.63 on Friday. The company has a market capitalization of $1.13 billion, a PE ratio of -3.01 and a beta of 1.39. Sphere Entertainment has a one year low of $30.62 and a one year high of $50.88. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.56 and a quick ratio of 0.56. The company’s fifty day moving average price is $42.53 and its 200 day moving average price is $42.29.

Institutional Trading of Sphere Entertainment

Several institutional investors have recently made changes to their positions in SPHR. Steadfast Capital Management LP boosted its position in shares of Sphere Entertainment by 183.8% during the 4th quarter. Steadfast Capital Management LP now owns 926,100 shares of the company’s stock valued at $37,340,000 after acquiring an additional 599,800 shares in the last quarter. Ariel Investments LLC boosted its position in shares of Sphere Entertainment by 7.4% during the 4th quarter. Ariel Investments LLC now owns 5,744,192 shares of the company’s stock valued at $231,606,000 after acquiring an additional 394,050 shares in the last quarter. Norges Bank acquired a new stake in shares of Sphere Entertainment during the 4th quarter valued at about $14,432,000. Wealthfront Advisers LLC acquired a new stake in shares of Sphere Entertainment during the 4th quarter valued at about $11,286,000. Finally, Alliancebernstein L.P. boosted its position in Sphere Entertainment by 929.8% in the fourth quarter. Alliancebernstein L.P. now owns 285,885 shares of the company’s stock valued at $11,527,000 after buying an additional 258,123 shares in the last quarter. 92.03% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider F. Dolan 2009 Revocabl Charles sold 55,385 shares of Sphere Entertainment stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $33.80, for a total transaction of $1,872,013.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 25.08% of the company’s stock.

About Sphere Entertainment

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.