MSG Entertainment (NASDAQ:MSGE) Earns Equal Weight Rating from Analysts at Morgan Stanley

Morgan Stanley started coverage on shares of MSG Entertainment (NASDAQ:MSGE) in a research report report published on Thursday, Benzinga reports. The brokerage issued an equal weight rating and a $80.00 price target on the stock.

A number of other analysts have also recently weighed in on the stock. Oppenheimer began coverage on shares of MSG Entertainment in a report on Monday, April 20th. They issued an outperform rating and a $105.00 price objective on the stock. Guggenheim began coverage on shares of MSG Entertainment in a report on Wednesday, June 17th. They issued a buy rating and a $116.00 price objective on the stock. Wolfe Research began coverage on shares of MSG Entertainment in a report on Thursday, June 25th. They issued an outperform rating and a $118.00 price objective on the stock. Jefferies Financial Group began coverage on shares of MSG Entertainment in a report on Monday, June 29th. They issued a buy rating and a $100.00 price objective on the stock. Finally, Macquarie began coverage on shares of MSG Entertainment in a report on Tuesday, April 28th. They issued an outperform rating and a $115.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $99.25.

Shares of NASDAQ:MSGE traded up $0.05 on Thursday, reaching $70.86. 147,122 shares of the company’s stock were exchanged, compared to its average volume of 265,446. MSG Entertainment has a fifty-two week low of $58.67 and a fifty-two week high of $172.47. The business has a 50-day simple moving average of $74.20.

MSG Entertainment (NASDAQ:MSGE) last issued its earnings results on Monday, May 18th. The company reported ($5.36) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($4.15) by ($1.21). The business had revenue of $199.90 million for the quarter, compared to the consensus estimate of $36.95 million. The business’s revenue was down 20.0% compared to the same quarter last year.

In related news, SVP Joseph F. Yospe sold 6,450 shares of the stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $76.39, for a total value of $492,715.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

A number of institutional investors and hedge funds have recently made changes to their positions in MSGE. Parallel Advisors LLC bought a new position in MSG Entertainment in the 2nd quarter valued at about $65,000. Nissay Asset Management Corp Japan ADV bought a new position in shares of MSG Entertainment during the 2nd quarter valued at about $1,334,000. Nisa Investment Advisors LLC bought a new position in shares of MSG Entertainment during the 2nd quarter valued at about $394,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of MSG Entertainment during the 2nd quarter valued at about $98,000. Finally, Raymond James & Associates bought a new position in shares of MSG Entertainment during the 2nd quarter valued at about $10,250,000.

MSG Entertainment Company Profile

There is no company description available for Madison Square Garden Entertainment Corp.

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Analyst Recommendations for MSG Entertainment (NASDAQ:MSGE)

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