Sphere Entertainment (NYSE:SPHR) Shares Acquired Rep. Gilbert Ray Cisneros, Jr.

Representative Gilbert Ray Cisneros, Jr. (D-California) recently bought shares of Sphere Entertainment Co. (NYSE:SPHR). In a filing disclosed on May 06th, the Representative disclosed that they had bought between $1,001 and $15,000 in Sphere Entertainment stock on April 8th. The trade occurred in the Representative’s “150 MAIN STREET TRUST > WELLS FARGO ADVISORS” account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Beiersdorf Aktiengesellschaft (OTCMKTS:BDRFF) on 5/2/2025.
• Purchased $1,001 – $15,000 in shares of Alkami Technology (NASDAQ:ALKT) on 4/30/2025.
• Purchased $1,001 – $15,000 in shares of Merck & Co., Inc. (NYSE:MRK) on 4/29/2025.
• Sold $1,001 – $15,000 in shares of DXC Technology (NYSE:DXC) on 4/29/2025.
• Sold $1,001 – $15,000 in shares of DOW (NYSE:DOW) on 4/29/2025.
• Sold $1,001 – $15,000 in shares of Zions Bancorporation, National Association (NASDAQ:ZION) on 4/29/2025.
• Purchased $1,001 – $15,000 in shares of O’Reilly Automotive (NASDAQ:ORLY) on 4/29/2025.
• Purchased $1,001 – $15,000 in shares of McKesson (NYSE:MCK) on 4/29/2025.
• Sold $1,001 – $15,000 in shares of Amazon.com (NASDAQ:AMZN) on 4/29/2025.
• Sold $1,001 – $15,000 in shares of Humana (NYSE:HUM) on 4/29/2025.

Sphere Entertainment Stock Up 2.9 %

Shares of NYSE:SPHR opened at $32.50 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.56 and a quick ratio of 0.56. Sphere Entertainment Co. has a 1 year low of $23.89 and a 1 year high of $50.88. The company has a market cap of $1.16 billion, a PE ratio of -3.10 and a beta of 1.51. The stock’s 50-day moving average is $29.96 and its 200 day moving average is $37.93.

Sphere Entertainment (NYSE:SPHR) last posted its quarterly earnings data on Thursday, May 8th. The company reported ($2.27) EPS for the quarter, topping the consensus estimate of ($2.48) by $0.21. The business had revenue of $280.57 million for the quarter, compared to analyst estimates of $285.01 million. Sphere Entertainment had a negative net margin of 32.76% and a negative return on equity of 16.48%. Sphere Entertainment’s quarterly revenue was down 12.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($1.33) earnings per share. Sell-side analysts anticipate that Sphere Entertainment Co. will post -11.47 EPS for the current year.

Insiders Place Their Bets

In other Sphere Entertainment news, insider F. Dolan 2009 Revocabl Charles sold 55,385 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $33.80, for a total value of $1,872,013.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 25.08% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on SPHR. Morgan Stanley decreased their price target on Sphere Entertainment from $45.00 to $32.00 and set an “equal weight” rating for the company in a research note on Thursday, April 10th. Susquehanna initiated coverage on shares of Sphere Entertainment in a report on Monday, April 28th. They set a “positive” rating and a $37.00 price target on the stock. Macquarie reduced their price target on shares of Sphere Entertainment from $45.00 to $40.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. Guggenheim raised their target price on shares of Sphere Entertainment from $69.00 to $74.00 and gave the stock a “buy” rating in a report on Friday. Finally, Benchmark reiterated a “sell” rating on shares of Sphere Entertainment in a research note on Monday, March 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $46.22.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Barclays PLC raised its holdings in Sphere Entertainment by 295.6% in the 3rd quarter. Barclays PLC now owns 66,045 shares of the company’s stock worth $2,809,000 after purchasing an additional 49,351 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Sphere Entertainment in the third quarter worth about $242,000. Tidal Investments LLC purchased a new position in shares of Sphere Entertainment during the 3rd quarter valued at about $225,000. Principal Financial Group Inc. purchased a new stake in Sphere Entertainment in the 3rd quarter worth approximately $788,000. Finally, JPMorgan Chase & Co. lifted its holdings in Sphere Entertainment by 140.0% during the third quarter. JPMorgan Chase & Co. now owns 150,955 shares of the company’s stock valued at $6,669,000 after purchasing an additional 88,065 shares in the last quarter. Hedge funds and other institutional investors own 92.03% of the company’s stock.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

Sphere Entertainment Company Profile

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.