SPHR

Sphere Entertainment Co.
NYSEUSDEQUITY Communication Services DELAYED
Last price
105.38
▼ 5.42 (4.89%)
MARKET · —

Price

1D — H — L — Range — Vol —
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
112.00
Prev close
110.80
Day high
112.80
Day low
103.56
Volume
2.17M
Market cap
$3.78B
P/E (TTM)
—
52W range
57.01 – 181.63

Day trading desk

Current session · delayed
Gap from prior close
+1.08%
Prior close 110.80
VWAP
105.96
-0.55% from price
Relative volume
5.27×
Unusually busy
Session range
8.92%
103.56 – 112.80
Position in range
20%
Near session low
ATR (14D)
7.09
6.73% of price
Prior day high
122.44
PDH
Prior day low
110.03
PDL
Bid / ask spread
—
Quote not published
Session volume
3.62M
Avg 687.83K

VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.

Trailing performance

Price return · vs SPY
Returnvs SPY
1W
-21.53% -23.5%
1M
-26.01% -27.2%
3M
-30.25% -34.8%
6M
-15.19% -33.4%
YTD
+10.83% -3.4%
1Y
+67.35% +50.9%
3Y
+183.58% +101.3%
5Y
— —

Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.

Unusual options activity

Account required
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
Free account required

Contracts trading at or above their open interest, ranked by notional and where the print landed.

Free account

10 more panels on SPHR open with an account.

Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.

Insider net activity

6m · Form 4 rollup
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
2.41M
Total on file

Insider transactions

Account required
DateInsiderAction SharesValueHeld
Sep 15, 26
KOESTER JENNIFER
President
— 47.57K — Direct
Sep 15, 26
DOLAN JAMES LAWRENCE
Chief Executive Officer
— 107.59K — Indirect
Mar 13, 26
DOLAN RYAN THOMAS
Director
— 908 — Direct
Mar 13, 26
GRANVILLE-SMITH DAVID
Officer
— 6.70K — Direct
Mar 13, 26
KOESTER JENNIFER
President
— 17.25K — Direct
Mar 13, 26
LANGER ROBERT H.
Chief Financial Officer
— 10.65K — Direct
Feb 17, 26
DOLAN JAMES LAWRENCE
Officer, Director and Beneficial Owner
CONVERSION 108.63K $7.31M Indirect
Sep 15, 25
FRANCO LAURA
General Counsel
— 10.72K — Direct
Sep 15, 25
DOLAN RYAN THOMAS
Director
— 1.52K — Direct
Sep 15, 25
BRUNNER GREGORY
Officer
— 2.10K — Direct
Sep 15, 25
GRANVILLE-SMITH DAVID
Officer
— 58.92K — Direct
Sep 15, 25
KOESTER JENNIFER
Officer
— 27.09K — Direct
Sep 15, 25
DOLAN JAMES LAWRENCE
Chief Executive Officer
— 158.56K — Direct
Mar 12, 25
GREENBERG ANDREA
Officer
— 1.44K — Direct
What this is, and what it is not

These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.

A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.

This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.

Free account required

Officer and director trades in their own stock, straight from Form 4 filings.

Insider holders

8 reporting
NameRelationShares heldLatest
BRUNNER GREGORY
Officer 2.29K Conversion of Exercise of derivative security
DOLAN JAMES LAWRENCE
Chief Executive Officer — Conversion of Exercise of derivative security
DOLAN RYAN THOMAS
Director 4.06K Conversion of Exercise of derivative security
FRANCO LAURA
General Counsel 11.02K Conversion of Exercise of derivative security
GRANVILLE-SMITH DAVID
Officer 56.46K Conversion of Exercise of derivative security
GREENBERG ANDREA
Officer 97.56K Conversion of Exercise of derivative security
KOESTER JENNIFER
President 54.21K Conversion of Exercise of derivative security
LANGER ROBERT H.
Chief Financial Officer 5.23K Conversion of Exercise of derivative security

Fundamentals

TTM · reported
Market cap$3.78B
Enterprise value$4.15B
Revenue (TTM)$1.36B
Gross profit$742.28M
EBITDA$254.38M
Net income$-76.84M
EPS (TTM)$-2.69
Free cash flow$442.72M
Total cash$550.97M
Total debt$913.31M
Book value / share$62.04
Shares outstanding29.05M
Float24.70M
Short % of float31.79%
Dividend yield0.00%
Beta (5Y)1.60

Valuation & profitability ratios

Account required
Trailing P/E—
Forward P/E-51.40
PEG ratio—
Price / sales—
Price / book1.70
EV / revenue3.06
EV / EBITDA16.30
Gross margin54.71%
Operating margin-19.55%
Profit margin-5.66%
Return on equity-3.10%
Return on assets-1.25%
Debt / equity41.00
Current ratio1.22
Free account required

Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.

Financial statements

As reported · 4 years · 5 quarters
Blank means not reported, not zero
Line item2025202420232022YoY
Total revenue $1.22B$1.03B$573.83M$610.05M +18.8%
Operating revenue $1.19B$1.02B$567.96M$604.40M +17.3%
Cost of revenue $589.98M$547.82M$342.21M$320.28M +7.7%
Gross profit $630.07M$479.06M$231.62M$289.78M +31.5%
Selling, general & admin $441.92M$432.85M$452.14M$419.79M +2.1%
Total operating expense $778.33M$689.35M$482.86M$442.36M +12.9%
Operating income -$148.26M-$210.28M-$251.24M-$152.58M +29.5%
Net interest income -$57.05M-$54.18M$11.59M$3.58M -5.3%
Pre-tax income $57.22M-$360.23M$275.43M-$167.68M +115.9%
Tax provision $23.81M-$135.59M$103.40M-$29.83M +117.6%
Net income $33.41M-$200.65M$502.77M-$194.40M +116.6%
Net income to common $33.41M-$200.65M$502.77M-$194.40M +116.6%
Basic EPS 0.93-5.6814.51-5.77 +116.4%
Diluted EPS 0.74-5.6814.40-5.77 +113.0%
EBIT $127.76M-$280.36M$275.43M-$167.68M +145.6%
EBITDA $464.17M-$23.86M$378.81M-$43.05M +2,045.2%
Basic shares 36.07M35.30M34.65M34.26M +2.2%
Diluted shares 45.30M35.30M34.93M34.26M +28.3%

Options analytics

Account required
Put / call volume
0.69
Call-heavy session
Put / call open interest
—
Positioning, not flow
Max pain
105.00
-0.4% from spot
ATM implied vol
0.0%
Nearest strike to spot
Skew (10% OTM)
-11.7%
Calls bid over puts
Call volume
918
Contracts, this expiry
Put volume
631
Contracts, this expiry
Heaviest call OI
105.00
0 contracts
Heaviest put OI
105.00
0 contracts

Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.

Free account required

Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.

Earnings

History & consensus estimates
Reported vs expected · EPS
QuarterEst.ActualSurprise
Jun 2026 -1.40-0.62 +55.6%
Mar 2026 -0.440.14 +131.8%
Dec 2025 -0.191.55 +901.2%
Sep 2025 -1.88-1.12 +40.3%
Forward consensus
PeriodEPSAnalystsRevenueGrowth
Current quarter -1.54 2 $276.52M +5.3%
Next quarter 0.47 2 $380.00M -3.6%
Current year -1.88 1 $1.36B +11.4%
Next year -2.05 2 $1.37B +0.7%

Analyst targets & ownership

Account required
Mean target$174.69
High target$208.00
Low target$132.00
Implied upside65.77%
Analyst count13
ConsensusBUY
Strong buy / Buy4 / 7
Hold2
Sell / Strong sell0 / 0
Held by insiders6.72%
Held by institutions133.80%
Institutions holding528
Free account required

Price targets, consensus spread, insider and institutional ownership.

Moving averages & technicals

Computed from 2Y daily closes
SMA 10
129.59
-18.68% from price
SMA 20
136.77
-22.95% from price
SMA 50
146.90
-28.26% from price
SMA 100
146.44
-28.04% from price
SMA 200
129.21
-18.45% from price
EMA 12
128.31
-17.87% from price
EMA 26
136.30
-22.69% from price
EMA 50
141.40
-25.48% from price
RSI (14)
19.6
Oversold
MACD (12,26,9)
-8.00
Hist -3.15
ATR (14)
7.09
6.73% of price
Realised vol 30D
56.6%
Annualised
Bollinger upper
158.61
20, 2σ
Bollinger lower
114.92
20, 2σ
50 / 200 cross
Golden
146.90 vs 129.21
Trend bias
Below 200
-18.45%

Options chain

Account required
Expiry
Spot 105.38
Calls
StrikeLastBidAskVolOIIV
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
Puts
StrikeLastBidAskVolOIIV
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
Free account required

Every listed expiry, both sides of the book, with volume, open interest and implied volatility.

Risk profile

Daily returns · 1Y window
Beta vs SPY
1.25
More volatile than market
Correlation to SPY
0.30
Loosely linked
Realised vol 30D
56.6%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-40.3%
Peak to trough
Max drawdown 5Y
-52.3%
Peak to trough
ATR 14
7.09
6.73% of price
Beta (reported)
1.60
5Y monthly, from filing

Short interest

Semi-monthly exchange report · lags by ~2 weeks
Shares short
6.45M
Prior 6.60M
Change vs prior
-2.2%
Shorts covering
% of float
31.79%
Heavily shorted
% of shares out
17.97%
Against total outstanding
Days to cover
10.7
Crowded exit
Float
24.70M
Freely tradeable shares

Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.

Rating changes

104 on file
DateFirm ActionFromTo
Oct 6, 26 StoneX MAINTAINED Buy Buy
Oct 6, 26 BTIG MAINTAINED Buy Buy
Sep 2, 26 Guggenheim MAINTAINED Buy Buy
Aug 20, 26 Piper Sandler INITIATED — Overweight
Aug 3, 26 BTIG MAINTAINED Buy Buy
Jul 31, 26 JP Morgan MAINTAINED Overweight Overweight
Jul 31, 26 Guggenheim MAINTAINED Buy Buy
Jul 27, 26 BTIG MAINTAINED Buy Buy
Jul 21, 26 JP Morgan MAINTAINED Overweight Overweight
Jul 14, 26 Guggenheim MAINTAINED Buy Buy
Jul 9, 26 Goldman Sachs MAINTAINED Buy Buy
Jun 18, 26 Susquehanna MAINTAINED Positive Positive

Dividends & splits

Declared · from the issuer
Forward rate—
Forward yield0.00%
5-year avg yield—
Payout ratio0.00%
Ex-dividend date—
Next pay date—
Last split2165:1000
Split dateApr 21, 2023

PRIVATE STRATEGY · BY QUALIFICATION

The same data. A different seat.

The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.