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

Several other brokerages also recently issued reports on MSGE. Guggenheim assumed coverage on shares of MSG Entertainment in a research note on Wednesday, June 17th. They issued a buy rating and a $116.00 price objective on the stock. Zacks Investment Research downgraded shares of MSG Entertainment from a hold rating to a sell rating in a research note on Wednesday, July 1st. Oppenheimer assumed coverage on shares of MSG Entertainment in a research note on Monday, April 20th. They issued an outperform rating and a $105.00 price objective on the stock. Gabelli assumed coverage on shares of MSG Entertainment in a research note on Monday, April 27th. They issued a buy rating on the stock. Finally, Jefferies Financial Group initiated coverage on shares of MSG Entertainment in a research note on Monday, June 29th. They issued a buy rating and a $100.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $99.25.

MSGE stock traded up $0.05 during midday trading on Thursday, hitting $70.86. 147,122 shares of the company traded hands, compared to its average volume of 265,446. MSG Entertainment has a twelve month low of $58.67 and a twelve month high of $172.47. The firm’s 50 day simple moving average is $74.20.

MSG Entertainment (NASDAQ:MSGE) last announced its quarterly earnings data on Monday, May 18th. The company reported ($5.36) earnings per share (EPS) for the quarter, missing the consensus estimate of ($4.15) by ($1.21). The firm had revenue of $199.90 million for the quarter, compared to analyst estimates of $36.95 million. The business’s quarterly revenue was down 20.0% on a year-over-year basis.

In other MSG Entertainment news, SVP Joseph F. Yospe sold 6,450 shares of MSG Entertainment stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $76.39, for a total transaction of $492,715.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Several hedge funds and other institutional investors have recently modified their holdings of MSGE. Signaturefd LLC bought a new position in shares of MSG Entertainment during the second quarter valued at $38,000. Parallel Advisors LLC bought a new position in shares of MSG Entertainment in the second quarter valued at about $65,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of MSG Entertainment in the second quarter valued at about $98,000. Atlas Capital Advisors LLC bought a new position in shares of MSG Entertainment in the second quarter valued at about $150,000. Finally, Institute for Wealth Management LLC. bought a new position in shares of MSG Entertainment in the second quarter valued at about $316,000.

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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