Formula One Group (NASDAQ:FWONK) Upgraded at Seaport Res Ptn

Formula One Group (NASDAQ:FWONK) was upgraded by Seaport Res Ptn from a “hold” rating to a “strong-buy” rating in a research note issued on Sunday,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 ($0.08) EPS.

A number of other equities research analysts have also issued reports on the stock. Morgan Stanley cut their price target on shares of Formula One Group from $115.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, February 28th. StockNews.com cut shares of Formula One Group from a “hold” rating to a “sell” rating in a research report on Monday, November 18th. Wells Fargo & Company dropped their target price on shares of Formula One Group from $83.00 to $80.00 and set an “underweight” rating for the company in a research report on Friday, February 28th. JPMorgan Chase & Co. raised their target price on shares of Formula One Group from $96.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, March 6th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $102.00 target price on shares of Formula One Group in a research report on Friday, March 7th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $95.33.

Formula One Group Stock Up 2.0 %

Shares of Formula One Group stock opened at $87.66 on Friday. The firm has a market cap of $21.85 billion, a PE ratio of 76.23 and a beta of 0.13. Formula One Group has a 12-month low of $64.37 and a 12-month high of $102.33. The company’s fifty day simple moving average is $93.65 and its two-hundred day simple moving average is $87.06.

Formula One Group (NASDAQ:FWONK) last announced its quarterly earnings results on Thursday, February 27th. The company reported ($1.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($1.45). The business had revenue of $20.71 billion for the quarter, compared to analyst estimates of $1.37 billion. As a group, sell-side analysts expect that Formula One Group will post 1.36 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Everence Capital Management Inc. purchased a new position in Formula One Group during the 4th quarter valued at about $827,000. Hahn Capital Management LLC increased its stake in Formula One Group by 47.7% during the 4th quarter. Hahn Capital Management LLC now owns 67,197 shares of the company’s stock valued at $6,226,000 after purchasing an additional 21,699 shares in the last quarter. Greenwood Gearhart Inc. increased its stake in Formula One Group by 8.1% during the 3rd quarter. Greenwood Gearhart Inc. now owns 176,160 shares of the company’s stock valued at $13,640,000 after purchasing an additional 13,146 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in Formula One Group by 1.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 27,627 shares of the company’s stock valued at $2,560,000 after purchasing an additional 287 shares in the last quarter. Finally, MetLife Investment Management LLC increased its stake in Formula One Group by 3.0% during the 3rd quarter. MetLife Investment Management LLC now owns 6,946 shares of the company’s stock valued at $538,000 after purchasing an additional 203 shares in the last quarter. 92.26% of the stock is owned by hedge funds and other institutional investors.

Formula One Group Company Profile

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.