Formula One Group (NASDAQ:FWONA) Upgraded by Seaport Res Ptn to “Strong-Buy” Rating

Formula One Group (NASDAQ:FWONA) was upgraded by equities researchers at Seaport Res Ptn from a “hold” rating to a “strong-buy” rating in a note issued to investors on Saturday,Zacks.com reports. Seaport Res Ptn also issued estimates for Formula One Group’s Q1 2026 earnings at ($0.15) EPS, Q2 2026 earnings at $0.41 EPS, Q3 2026 earnings at $0.41 EPS and Q4 2026 earnings at ($0.04) EPS.

Several other research analysts have also recently issued reports on the company. Guggenheim reissued a “buy” rating on shares of Formula One Group in a research note on Monday, March 3rd. Wells Fargo & Company initiated coverage on Formula One Group in a research note on Monday, February 24th. They set an “underweight” rating and a $83.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Formula One Group currently has an average rating of “Moderate Buy” and a consensus price target of $82.33.

Formula One Group Stock Up 2.2 %

NASDAQ FWONA opened at $79.80 on Friday. The business has a 50 day moving average price of $86.20 and a two-hundred day moving average price of $79.90. Formula One Group has a fifty-two week low of $57.43 and a fifty-two week high of $95.33. The stock has a market cap of $19.89 billion, a PE ratio of 69.39 and a beta of 0.15.

Formula One Group (NASDAQ:FWONA) last posted its quarterly earnings results on Thursday, February 27th. The company reported ($1.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($1.46). The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.37 billion. Sell-side analysts anticipate that Formula One Group will post 1.46 EPS for the current fiscal year.

Institutional Trading of Formula One Group

Several large investors have recently made changes to their positions in FWONA. Integrated Wealth Concepts LLC boosted its holdings in Formula One Group by 4.2% during the third quarter. Integrated Wealth Concepts LLC now owns 7,462 shares of the company’s stock worth $534,000 after buying an additional 300 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of Formula One Group by 67.2% during the 4th quarter. Russell Investments Group Ltd. now owns 662 shares of the company’s stock worth $56,000 after purchasing an additional 266 shares during the last quarter. Finally, FNY Investment Advisers LLC boosted its stake in shares of Formula One Group by 25.6% during the 4th quarter. FNY Investment Advisers LLC now owns 779 shares of the company’s stock worth $65,000 after acquiring an additional 159 shares during the period. Institutional investors own 8.38% of the company’s stock.

About Formula One Group

Formula One Group, through its subsidiary Formula 1, engages in the motorsports business in the United States and internationally. The company holds commercial rights for the FIA Formula One world championship, approximately a nine-month long motor race-based competition in which teams compete for the constructors' championship and drivers compete for the drivers' championship.