Formula One Group (NASDAQ:FWONK) Cut to “Hold” at Seaport Res Ptn

Seaport Res Ptn cut shares of Formula One Group (NASDAQ:FWONK) from a strong-buy rating to a hold rating in a report issued on Wednesday morning,Zacks.com reports. Seaport Res Ptn also issued estimates for Formula One Group’s Q4 2025 earnings at $0.62 EPS.

FWONK has been the subject of a number of other research reports. UBS Group assumed coverage on shares of Formula One Group in a research note on Thursday, October 17th. They set a “neutral” rating and a $85.00 price target for the company. Morgan Stanley raised their target price on Formula One Group from $80.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Monday, September 23rd. StockNews.com cut Formula One Group from a “hold” rating to a “sell” rating in a research report on Monday, November 18th. Finally, Rosenblatt Securities lifted their price objective on Formula One Group from $91.00 to $93.00 and gave the company a “buy” rating in a report on Friday, November 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $88.25.

Formula One Group Stock Up 1.2 %

Shares of NASDAQ:FWONK opened at $93.89 on Wednesday. The company has a market cap of $20.87 billion, a price-to-earnings ratio of 81.64 and a beta of 0.18. The business has a 50 day moving average price of $81.94 and a 200 day moving average price of $77.79. Formula One Group has a twelve month low of $61.44 and a twelve month high of $94.38.

Formula One Group (NASDAQ:FWONK) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.18. The company had revenue of $848.00 million during the quarter, compared to analyst estimates of $837.59 million. Analysts anticipate that Formula One Group will post 1.38 EPS for the current year.

Insider Transactions at Formula One Group

In related news, Director Andrea L. Wong sold 1,604 shares of the company’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $47.41, for a total value of $76,045.64. Following the completion of the transaction, the director now directly owns 5,274 shares of the company’s stock, valued at approximately $250,040.34. This represents a 23.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Renee L. Wilm sold 19,202 shares of Formula One Group stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $78.78, for a total value of $1,512,733.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 31,911 shares of company stock worth $2,403,701. 4.31% of the stock is currently owned by company insiders.

Institutional Trading of Formula One Group

A number of institutional investors have recently made changes to their positions in FWONK. Hahn Capital Management LLC grew its stake in Formula One Group by 33.5% in the second quarter. Hahn Capital Management LLC now owns 68,616 shares of the company’s stock valued at $4,929,000 after purchasing an additional 17,219 shares in the last quarter. Greenwood Gearhart Inc. boosted its holdings in shares of Formula One Group by 8.1% in the 3rd quarter. Greenwood Gearhart Inc. now owns 176,160 shares of the company’s stock valued at $13,640,000 after buying an additional 13,146 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Formula One Group by 16.9% in the third quarter. Janney Montgomery Scott LLC now owns 27,340 shares of the company’s stock valued at $2,117,000 after buying an additional 3,958 shares in the last quarter. Lountzis Asset Management LLC increased its holdings in Formula One Group by 17.0% during the third quarter. Lountzis Asset Management LLC now owns 5,954 shares of the company’s stock worth $461,000 after buying an additional 864 shares during the last quarter. Finally, MetLife Investment Management LLC increased its holdings in Formula One Group by 3.0% during the third quarter. MetLife Investment Management LLC now owns 6,946 shares of the company’s stock worth $538,000 after buying an additional 203 shares during the last quarter. Institutional investors own 92.26% 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.