Formula One Group (NASDAQ:FWONK – Get Free Report) CAO Brian J. Wendling sold 10,011 shares of the business’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $73.80, for a total value of $738,811.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Formula One Group Price Performance
Shares of NASDAQ:FWONK traded down $0.61 during trading on Monday, reaching $77.12. 1,078,506 shares of the company were exchanged, compared to its average volume of 1,195,518. The firm has a market capitalization of $18.13 billion and a PE ratio of 56.29. The business’s fifty day simple moving average is $77.59 and its 200-day simple moving average is $73.09. Formula One Group has a 12-month low of $60.95 and a 12-month high of $82.23.
Formula One Group (NASDAQ:FWONK – Get Free Report) last announced its earnings results on Thursday, August 8th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.22). The business had revenue of $853.00 million for the quarter, compared to the consensus estimate of $960.45 million. On average, sell-side analysts anticipate that Formula One Group will post 0.98 EPS for the current fiscal year.
Institutional Inflows and Outflows
Analyst Upgrades and Downgrades
FWONK has been the topic of a number of analyst reports. StockNews.com raised Formula One Group to a “sell” rating in a research report on Saturday, August 24th. Morgan Stanley upped their price objective on Formula One Group from $80.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Monday. Finally, Evercore ISI increased their price target on Formula One Group from $85.00 to $90.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 4th.
Check Out Our Latest Stock Report on FWONK
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.
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