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

Seaport Res Ptn upgraded shares of Formula One Group (NASDAQ:FWONK) from a hold rating to a strong-buy rating in a research report sent to investors 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 research analysts have also recently issued reports on FWONK. JPMorgan Chase & Co. lifted their price objective on Formula One Group from $96.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, March 6th. StockNews.com lowered Formula One Group from a “hold” rating to a “sell” rating in a research note on Monday, November 18th. Rosenblatt Securities restated a “buy” rating and issued a $102.00 target price on shares of Formula One Group in a research note on Friday, March 7th. Morgan Stanley lowered their target price on Formula One Group from $115.00 to $110.00 and set an “overweight” rating for the company in a research note on Friday, February 28th. Finally, Wells Fargo & Company lowered their target price on Formula One Group from $83.00 to $80.00 and set an “underweight” rating for the company in a research note on Friday, February 28th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Formula One Group has an average rating of “Moderate Buy” and an average target price of $95.33.

Formula One Group Stock Performance

Shares of NASDAQ FWONK opened at $87.53 on Friday. The stock has a market cap of $21.82 billion, a PE ratio of 76.11 and a beta of 0.13. The business has a fifty day moving average of $93.55 and a two-hundred day moving average of $87.13. Formula One Group has a 52-week low of $64.37 and a 52-week high of $102.33.

Formula One Group (NASDAQ:FWONK) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $1.37 billion. Analysts predict that Formula One Group will post 1.36 earnings per share for the current year.

Institutional Trading of Formula One Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Allstate Corp bought a new position in Formula One Group during the fourth quarter worth about $571,000. MetLife Investment Management LLC boosted 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. Everence Capital Management Inc. bought a new position in Formula One Group during the fourth quarter worth about $827,000. Janney Montgomery Scott LLC boosted its holdings in Formula One Group by 1.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 27,627 shares of the company’s stock worth $2,560,000 after buying an additional 287 shares during the last quarter. Finally, Hahn Capital Management LLC lifted its holdings in shares of 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. 92.26% of the stock is currently owned by institutional investors and hedge funds.

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.