Formula One Group (NASDAQ:FWONK – Get Free Report) insider Renee L. Wilm sold 19,202 shares of the stock in a transaction on Friday, September 20th. The shares were sold at an average price of $78.78, for a total transaction of $1,512,733.56. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Formula One Group Stock Down 0.8 %
Shares of FWONK traded down $0.61 during trading hours on Monday, reaching $77.12. 1,078,506 shares of the company traded hands, compared to its average volume of 1,195,518. Formula One Group has a 12 month low of $60.95 and a 12 month high of $82.23. The company’s fifty day moving average price is $77.59 and its two-hundred day moving average price is $73.09. The company has a market capitalization of $18.13 billion and a price-to-earnings ratio of 56.29.
Formula One Group (NASDAQ:FWONK – Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.22). The business had revenue of $853.00 million for the quarter, compared to analyst estimates of $960.45 million. On average, analysts expect that Formula One Group will post 0.98 EPS for the current year.
Institutional Inflows and Outflows
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on FWONK shares. Morgan Stanley upped their price target on shares of Formula One Group from $80.00 to $85.00 and gave the company an “equal weight” rating in a report on Monday. Evercore ISI increased their target price on shares of Formula One Group from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Tuesday, June 4th. Finally, StockNews.com upgraded Formula One Group to a “sell” rating in a report on Saturday, August 24th.
View Our Latest Analysis on FWONK
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.
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