Sphere Entertainment (NYSE:SPHR) Stock Price Down 4.2% – Here’s What Happened

Posted by Stanley Muller on Aug 29th, 2026

Sphere Entertainment Co. (NYSE:SPHR – Get Free Report)’s stock price was down 4.2% on Thursday . The company traded as low as $152.21 and last traded at $150.7130. Approximately 78,480 shares changed hands during mid-day trading, a decline of 90% from the average daily volume of 769,938 shares. The stock had previously closed at $157.40.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SPHR. Benchmark raised their target price 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. Susquehanna increased their target price on Sphere Entertainment from $159.00 to $182.00 and gave the company a “positive” rating in a research note on Thursday, June 18th. JPMorgan Chase & Co. lowered their price target on shares of Sphere Entertainment from $165.00 to $164.00 and set an “overweight” rating for the company in a report on Friday, July 31st. The Goldman Sachs Group lifted their price objective on Sphere Entertainment from $150.00 to $189.00 and gave the stock a “buy” rating in a report on Wednesday, July 8th. Finally, Weiss Ratings raised shares of Sphere Entertainment from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, June 23rd. Twelve research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $164.93.

Read Our Latest Stock Analysis on Sphere Entertainment

Sphere Entertainment Stock Performance

The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.32. The company’s 50-day moving average is $154.22 and its two-hundred day moving average is $136.16. The stock has a market capitalization of $5.09 billion, a P/E ratio of -52.93 and a beta of 1.65.

Sphere Entertainment (NYSE:SPHR – Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported ($1.07) 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 analysts’ expectations of $307.44 million. Sphere Entertainment had a negative return on equity of 1.38% and a negative net margin of 6.19%.The firm’s revenue was up 10.9% compared to the same quarter last year. During the same period last year, the firm earned $3.39 EPS. As a group, sell-side analysts anticipate that Sphere Entertainment Co. will post -2.34 EPS for the current fiscal year.

Hedge Funds Weigh In On Sphere Entertainment

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in Sphere Entertainment by 7.1% during the second quarter. GAMMA Investing LLC now owns 961 shares of the company’s stock valued at $166,000 after buying an additional 64 shares in the last quarter. Rockefeller Capital Management L.P. increased its position in shares of Sphere Entertainment by 19.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 608 shares of the company’s stock worth $58,000 after acquiring an additional 100 shares in the last quarter. Vision Retirement LLC raised its stake in Sphere Entertainment by 38.0% during the 1st quarter. Vision Retirement LLC now owns 483 shares of the company’s stock valued at $57,000 after purchasing an additional 133 shares during the period. Price T Rowe Associates Inc. MD raised its position in Sphere Entertainment by 0.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 36,263 shares of the company’s stock valued at $3,448,000 after buying an additional 145 shares during the period. Finally, Caitong International Asset Management Co. Ltd increased its holdings in shares of Sphere Entertainment by 53.1% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 450 shares of the company’s stock valued at $43,000 after purchasing an additional 156 shares during the period. 92.03% of the stock is owned by institutional investors.

About Sphere Entertainment

(Get Free Report)

Sphere Entertainment Co (NYSE: SPHR) is a publicly traded company focused on the development and operation of large-scale immersive entertainment venues. Established as a standalone entity in early 2023 following its separation from Madison Square Garden Entertainment, Sphere leverages cutting-edge audiovisual technologies to create next-generation concert, film and cultural experiences. The company’s flagship venue in Las Vegas showcases its core capabilities, while additional projects are in various stages of development around the world.

At the Las Vegas Sphere, Sphere Entertainment has installed one of the largest LED display surfaces on the planet, wrapping audiences in 16K resolution imagery and spatial audio powered by proprietary sound systems.