Formula One Group (NASDAQ:FWONA – Get Free Report) insider Renee L. Wilm sold 19,202 shares of the firm’s stock in a transaction dated 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 is available through this link.
Formula One Group Stock Down 0.8 %
NASDAQ FWONA traded down $0.58 during trading hours on Monday, reaching $70.99. 148,122 shares of the company were exchanged, compared to its average volume of 101,511. The stock has a market capitalization of $16.68 billion and a P/E ratio of 51.82. Formula One Group has a 1 year low of $55.08 and a 1 year high of $75.50. The business’s 50 day simple moving average is $70.84 and its 200-day simple moving average is $66.07.
Formula One Group (NASDAQ:FWONA – Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.24). The company had revenue of $853.00 million for the quarter, compared to the consensus estimate of $1.04 billion. As a group, sell-side analysts anticipate that Formula One Group will post 1.14 earnings per share for the current year.
Institutional Inflows and Outflows
Analyst Upgrades and Downgrades
FWONA has been the topic of several recent analyst reports. Benchmark lifted their target price on shares of Formula One Group from $77.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Deutsche Bank Aktiengesellschaft upgraded Formula One Group from a “hold” rating to a “buy” rating and lifted their price target for the stock from $73.00 to $83.00 in a report on Thursday, May 30th.
Read Our Latest Analysis on Formula One Group
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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