The stock of Madison Square Garden Entertainment Corp (NYSE:MSGE) last traded at $35.96, up 1.35% from the previous session.
MSGE stock price is now -0.39% away from the 50-day moving average and -5.48% away from the 200-day moving average. The market capitalization of the company currently stands at $1.74B.
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With the price target enhanced from $41 to $45, Goldman Upgraded its rating from Neutral to Buy for Madison Square Garden Entertainment Corp (NYSE: MSGE). On August 22, 2023, BofA Securities recently initiated its ‘Buy’ rating on the stock quoting a target price of $41, while ‘JP Morgan’ rates the stock as ‘Neutral’
In other news, D’Ambrosio Philip Gerard, EVP and Treasurer sold 6,000 shares of the company’s stock on Sep 30 ’24. The stock was sold for $254,580 at an average price of $42.43. Upon completion of the transaction, the EVP and Treasurer now directly owns 12,192 shares in the company, valued at $0.44 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 30 ’24, Officer D’Ambrosio Philip Gerard bought 6,000 shares of the business’s stock. A total of $254,580 was incurred on buying the stock at an average price of $42.43. A total of 16.48% of the company’s stock is owned by insiders.
During the past 12 months, Madison Square Garden Entertainment Corp has had a low of $31.84 and a high of $44.14. The fifty day moving average price for MSGE is $36.1022 and a two-hundred day moving average price translates $38.0453 for the stock.
The latest earnings results from Madison Square Garden Entertainment Corp (NYSE: MSGE) was released for 2024-09-30. The company reported revenue of $138.71 million for the quarter, compared to $142.21 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -2.46 percent. For the current quarter, analysts expect MSGE to generate $401.85M in revenue.
