Sphere Entertainment Co.(SPHR)
Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership.
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
Snapshot
$155.00
- 52-Week Range
- $37.89 – $154.57
- YTD
- +64.37%
- IV Rank (30D)
- 10.06
- Straddle Price
- $20.80
- P/C Vol Ratio
- 0.57
- Market Cap
- $5.5B
Fair Value
+50.0% vs price
A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.
- DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
- Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
- DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 0.5% and dividend payments are stable.
- P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
- Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
- Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
- Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
- Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
| 10-yr Treasury (rf) | 4.53% |
| Beta vs SPY | 1.00 |
| Cost of Equity (CAPM) | 10.03% (VRP-adj) |
| WACC | 9.36% |
| Volatility Risk Premium | +16.9pp (IV − HV30), ERP adj +50bps |
| Effective Tax Rate | 24.7% |
| Rev. Growth (YoY, DCF input) | +30.0% |
| DCF Horizon | 12 years explicit + fade |
| Forward Tilt (NTM/TTM) | ×1.10 (applied to P/E, EV/EBITDA, P/S) |
| Free Cash Flow (TTM) | $0.3B |
| Return on Equity (TTM) | 5.1% |
| Book / Price | 36.8% — banking bias active (P/B is primary) |
| Gross Margin (TTM) | 109.1% |
| FCF Margin (TTM) | 25.2% |
| Debt / Equity | 0.33 |
| Quality Score | 4/6 — high quality (12y DCF) |
| Market-Implied Growth | +6.0% (reverse-DCF on current price) |
| SMA 50 | $134.54 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $137.74 |
| Bollinger Width / SMA20 | 11.0% (drives anchor stability) |
| Net Debt | $0.1B |
| Market Cap | $6B |
Peers used for multiples: ACEL, GAME, RSVR, TKO, VENU
(SIC-code peers; ETF co-membership was sector-incoherent)
Blended Fair Value
$270.44
Current Price
$153.25
Deviation
+50.0%
Forward-Return Rank
LONG
gates ✓
?
| Horizon | Expected α | z Pred | Blended z | Rank % | Active? |
|---|---|---|---|---|---|
| 21d | +3.5% | +1.98 | +1.93 | 95.5% | ACTIVE |
| 42d | +4.0% | +1.99 | +1.93 | 94.4% | ACTIVE |
| 63d | +6.5% | +2.07 | +1.97 | 94.8% | ACTIVE |
Expected α = forward-return point estimate vs SPY (e.g., +7.5% means the predictor expects this stock to outperform SPY by 7.5% over that horizon).
For SHORT direction the model uses a different ranking metric (conviction-weighted deviation, not the LGBM prediction); Expected α is shown for reference.
⚠ flags rows where Expected α disagrees with the FV direction — two independent signals are in conflict; conviction is low even if rank looks extreme.
Forward-Return Rank. A proprietary ensemble of a machine-learning forward-return model and a conviction-weighted fundamental score, ranked cross-sectionally each day across the S&P 500 (and broader universes on the screener). Each stock is scored at three horizons (21/42/63 trading days). "Active" = top/bottom 5% AND all risk filters pass. Backtested mean alpha vs SPY on active picks: 21d LONG +13.4%, 63d +34.9% (S&P 500, walk-forward). Past performance is not indicative of future results.
Value vs momentum conflict ⚠. The "FV direction" (long/short) comes from the fundamentals-based engine — price vs intrinsic value. The "Expected α" comes from a separate machine-learning predictor trained on ~12 features (sector, options-implied move, beta, institutional flow, etc.). Sometimes the two disagree: a stock is overvalued by fundamentals but the predictor expects it to keep outperforming (sector or momentum tailwinds). When all 3 horizons disagree, treat the direction signal as low-conviction — neither model is strongly recommending a position.
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | $691.53 | 24% | |
| DDM (Gordon) | n/a | 0% | |
| Peer P/E | $162.45 | 7% | median 68.4× · 3 peers |
| Peer EV/EBITDA | $108.27 | 7% | median 13.1× · 3 peers |
| Peer P/B | $157.97 | 7% | median 2.9× · 5 peers |
| Peer P/S | $110.04 | 7% | median 3.1× · 5 peers |
| Market Anchor (SMA50) | $134.54 | 46% | stability 95% (BB-width) |
| Options Expected (B-L 30d) | n/a | 0% |
As of 2026-06-12 · updated 2026-06-12 20:59:55.687000
Info
- Industry (SIC)
- SERVICES-AMUSEMENT & RECREATION SERVICES (7900)
- Exchange
- XNYS
- Market Cap
- $5.5B
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: Sphere 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.
Price History
Seasonality
| Month | Avg Return | Years of Data |
|---|---|---|
| Jan | +6.40% | 3 |
| Feb | +10.78% | 3 |
| Mar | -5.50% | 3 |
| Apr | -2.74% | 4 |
| May | -2.11% | 4 |
| Jun | +7.37% | 4 |
| Jul | +21.81% | 3 |
| Aug | +6.52% | 3 |
| Sep | +9.66% | 3 |
| Oct | -3.88% | 3 |
| Nov | +10.99% | 3 |
| Dec | +3.40% | 3 |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $138.66
SMA 50: $135.20
SMA 200: $97.29
Current: $153.25
EMA 12: $142.77
EMA 26: $138.91
MACD: 3.8668 | Signal: 1.1783
BULLISH
ADX (14): 21.08
WEAK TREND
+DI: 30.18
−DI: 11.96
Momentum Oscillators
RSI (14): 66.79
NEUTRAL
Stoch %K: 86.50
Stoch %D: 72.87
Williams %R: -5.37
Volume & Volatility
BB Upper: $150.99
BB Lower: $126.34
OVERBOUGHT
OBV: 14,043,517
Vol SMA 20: 635,251
Vol ROC: -40.17%
ATR: $7.04
True Range: $6.23
HV 20: 40.8%
HV 30: 52.4%
HV 60: 52.4%
Data Summary
Data Points: 500
Last Updated: 2026-06-13T13:41:37.488000
Date Range: 2024-06-14T00:00:00 – 2026-06-12T00:00:00
AI Analysis
Choose Frenzy-Fast™ for quick analysis or Frenzy-Pro™ for comprehensive analysis.
Analysis includes technical indicators, news sentiment, risk assessment, and specific price levels to watch.
News
Earnings History
7 of 7 under expected move
| Earnings Date | Timing | Expected Move | Actual Move | Ratio | Outcome |
|---|---|---|---|---|---|
| 2024-08-14 | Pre-Market | 10.95% | 6.63% | 0.61x | Within |
| 2024-11-12 | Pre-Market | 9.36% | 4.09% | 0.44x | Within |
| 2025-03-03 | Pre-Market | 13.98% | 13.59% | 0.97x | Within |
| 2025-05-08 | Pre-Market | 12.66% | 6.11% | 0.48x | Within |
| 2025-08-11 | After-Close | 8.11% | 0.65% | 0.08x | Within |
| 2025-11-04 | After-Close | 11.45% | 5.72% | 0.50x | Within |
| 2026-02-12 | After-Close | 7.65% | 2.18% | 0.28x | Within |
Options Activity
- IV Rank (30D)
- 10.06
- IV Rank (7D)
- 56.43
- Avg IV
- 71.9%
- Straddle (30D)
- $20.80
- Straddle (7D)
- $8.03
- P/C Volume
- 0.57
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR25 and BF25 from the live options chain. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Volatility Surface
Enter a ticker to render the implied volatility surface.
IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis
- Beta (1Y vs SPY)
- 1.45
- Correlation (SPY)
- 34.9%
- R²
- 0.12
- Ann. Volatility
- 51.3%
- SPY Volatility
- 12.3%
High volatility - stock moves more than market
Beta & Alpha Over Time
Institutional Ownership (13F)
Latest filings — 2026-03-31
? 13F Guide
Diluted shares outstanding: 40,556,000 (as of 2026-03-31)
Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
11 filers$195.96M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | SUSQUEHANNA INTERNATIONAL GROUP, LLP Custodian | $95.82M | 48.90% | 2026-03-31 |
| 2 | CITADEL ADVISORS LLC Custodian | $34.52M | 17.61% | 2026-03-31 |
| 3 | JANE STREET GROUP, LLC Custodian | $18.64M | 9.51% | 2026-03-31 |
| 4 | WOLVERINE TRADING, LLC Custodian | $13.74M | 7.01% | 2025-09-30 |
| 5 | IMC-Chicago, LLC Custodian | $10.25M | 5.23% | 2026-03-31 |
| 6 | D. E. Shaw & Co., Inc. Custodian | $10.19M | 5.20% | 2026-03-31 |
| 7 | TUDOR INVESTMENT CORP ET AL | $6.06M | 3.09% | 2026-03-31 |
| 8 | GROUP ONE TRADING LLC Custodian | $3.97M | 2.02% | 2026-03-31 |
| 9 | Walleye Trading LLC | $1.46M | 0.74% | 2026-03-31 |
| 10 | Walleye Capital LLC | $798.32K | 0.41% | 2026-03-31 |
| 11 | SIMPLEX TRADING, LLC Custodian | $516.56K | 0.26% | 2026-03-31 |
16 filers$169.72M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | CITADEL ADVISORS LLC Custodian | $40.55M | 23.89% | 2026-03-31 |
| 2 | SUSQUEHANNA INTERNATIONAL GROUP, LLP Custodian | $37.31M | 21.98% | 2026-03-31 |
| 3 | JANE STREET GROUP, LLC Custodian | $22.40M | 13.20% | 2026-03-31 |
| 4 | MILLENNIUM MANAGEMENT LLC Custodian | $18.76M | 11.05% | 2026-03-31 |
| 5 | Troluce Capital Advisors LLC | $14.68M | 8.65% | 2026-03-31 |
| 6 | WOLVERINE TRADING, LLC Custodian | $7.36M | 4.33% | 2025-09-30 |
| 7 | IMC-Chicago, LLC Custodian | $5.98M | 3.52% | 2026-03-31 |
| 8 | D. E. Shaw & Co., Inc. Custodian | $5.33M | 3.14% | 2026-03-31 |
| 9 | GROUP ONE TRADING LLC Custodian | $4.70M | 2.77% | 2026-03-31 |
| 10 | TUDOR INVESTMENT CORP ET AL | $3.64M | 2.14% | 2026-03-31 |
| 11 | CAPITAL FUND MANAGEMENT S.A. | $2.86M | 1.69% | 2026-03-31 |
| 12 | SIMPLEX TRADING, LLC Custodian | $2.27M | 1.33% | 2026-03-31 |
| 13 | BOOTHBAY FUND MANAGEMENT, LLC | $2.14M | 1.26% | 2026-03-31 |
| 14 | TWO SIGMA INVESTMENTS, LP | $727.88K | 0.43% | 2026-03-31 |
| 15 | Walleye Trading LLC | $563.52K | 0.33% | 2026-03-31 |
| 16 | Walleye Capital LLC | $469.60K | 0.28% | 2026-03-31 |
Insider Activity
Latest: 2026-06-12
Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2026-06-12 | CHARLES P DOLAN | Director | Grant (A) | +1,173 RSU | — | EDGAR | |
| 2026-06-12 | MARIANNE DOLAN WEBER | Director | Grant (A) | +1,173 RSU | — | EDGAR | |
| 2026-06-12 | Debra Golding Perelman | Director | Grant (A) | +1,833 RSU | — | EDGAR | |
| 2026-06-12 | JOHN L SYKES | Director | Grant (A) | +1,173 RSU | — | EDGAR | |
| 2026-06-12 | Isiah III Thomas | Director | Grant (A) | +1,173 RSU | — | EDGAR | |
| 2026-06-12 | JOSEPH LHOTA | Director | Grant (A) | +1,173 RSU | — | EDGAR | |
| 2026-06-12 | Kristin A Dolan | Director | Grant (A) | +3,446 RSU | — | EDGAR | |
| 2026-06-12 | VINCENT TESE | Director | Grant (A) | +1,173 RSU | — | EDGAR | |
| 2026-06-12 | JOEL M. LITVIN | Director | Grant (A) | +1,173 RSU | — | EDGAR | |
| 2026-06-12 | PAUL JOSEPH DOLAN | Director | Grant (A) | +1,173 RSU | — | EDGAR | |
| 2026-06-12 | Brian Sweeney | Director | Grant (A) | +2,346 RSU | — | EDGAR | |
| 2026-06-12 | THOMAS CHARLES DOLAN | Director | Grant (A) | +1,173 RSU | — | EDGAR | |
| 2026-04-01 | Allen M. Lo | EVP & Chief Legal Officer | Grant (A) | +15,734 RSU | — | EDGAR | |
| 2026-03-17 | Jennifer Koester | President & COO, Sphere | Mixed | +8,446 | $105.70 | -$931.0K | EDGAR |
| 2026-03-17 | Robert H. Langer | EVP, CFO & Treasurer | Mixed | +5,232 | $105.70 | -$572.5K | EDGAR |
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.
Insider Holdings
13 insiders · @ $153.25
Officers, directors, and 10%+ owners ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
| # | Insider | Role | Shares | Disclosed Exposure | Lifetime OM Net | Filings | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | Kristin A Dolan | Director | 992,587 | $152.11M | $21.41M | 14 | 2026-06-12 |
| 2 | JAMES LAWRENCE DOLAN | Executive Chairman / CEO | 838,084 | $128.44M | $0 | 4 | 2025-09-10 |
| 3 | ANDREA GREENBERG | President/CEO-MSG Networks | 98,994 | $15.17M | -$618.7K | 8 | 2025-03-14 |
| 4 | David Granville-Smith | Executive Vice President | 60,152 | $9.22M | $0 | 9 | 2026-03-17 |
| 5 | CHARLES F DOLAN | Director | 55,386 | $8.49M | $0 | 4 | 2024-12-11 |
| 6 | Jennifer Koester | President & COO, Sphere | 30,918 | $4.74M | $0 | 8 | 2026-03-17 |
| 7 | Laura Franco | EVP & General Counsel | 15,335 | $2.35M | $0 | 5 | 2025-09-17 |
| 8 | Robert H. Langer | EVP, CFO & Treasurer | 5,232 | $801.8K | $0 | 3 | 2026-03-17 |
| 9 | Ryan Thomas Dolan | Director | 4,384 | $671.8K | $0 | 12 | 2026-03-17 |
| 10 | David F. Byrnes | EVP, CFO & Treasurer | 3,678 | $563.7K | -$196.8K | 5 | 2024-09-17 |
| 11 | Gregory Brunner | SVP, Controller & PAO | 2,425 | $371.6K | $0 | 6 | 2025-09-17 |
| 12 | Charles F. Dolan 2009 Revocable Trust | 1,790 | $274.3K | -$1.87M | 2 | 2025-09-10 | |
| 13 | Gautam Ranji | EVP, CFO & Treasurer | 867 | $132.9K | $0 | 4 | 2023-11-06 |
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
ETF Holders
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|
Fundamentals
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
Metrics
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.
| P/E Ratio | 71.8 |
| P/B Ratio | 2.4 |
| P/S Ratio | 4.1 |
| EV/EBITDA | 17.8 |
| TTM Revenue | $1.3B |
| TTM Net Income | $0.1B |
| TTM EPS | $2.16 |
| ROE | 5.1% |
| Debt/Equity | 0.36 |