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

Seaport Res Ptn upgraded shares of Formula One Group (NASDAQ:FWONA) from a hold rating to a strong-buy rating in a research note published on Saturday morning,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 ($0.04) EPS.

A number of other equities analysts have also recently weighed in on FWONA. Wells Fargo & Company assumed coverage on Formula One Group in a report on Monday, February 24th. They issued an “underweight” rating and a $83.00 price target for the company. Guggenheim restated a “buy” rating on shares of Formula One Group in a research report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $82.33.

Formula One Group Stock Performance

Shares of Formula One Group stock opened at $79.80 on Friday. Formula One Group has a one year low of $57.43 and a one year high of $95.33. The stock has a market cap of $19.89 billion, a price-to-earnings ratio of 69.39 and a beta of 0.15. The stock has a 50 day moving average price of $86.20 and a 200-day moving average price of $79.90.

Formula One Group (NASDAQ:FWONA) last announced its quarterly earnings results on Thursday, February 27th. The company reported ($1.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($1.46). The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.37 billion. Sell-side analysts predict that Formula One Group will post 1.46 earnings per share for the current fiscal year.

Institutional Trading of Formula One Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. raised its stake in shares of Formula One Group by 67.2% in the 4th quarter. Russell Investments Group Ltd. now owns 662 shares of the company’s stock valued at $56,000 after purchasing an additional 266 shares in the last quarter. FNY Investment Advisers LLC lifted its stake in Formula One Group by 25.6% during the fourth quarter. FNY Investment Advisers LLC now owns 779 shares of the company’s stock valued at $65,000 after purchasing an additional 159 shares during the last quarter. Finally, Integrated Wealth Concepts LLC lifted its position in shares of Formula One Group by 4.2% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 7,462 shares of the company’s stock valued at $534,000 after acquiring an additional 300 shares in the last quarter. 8.38% of the stock is owned by hedge funds and other institutional investors.

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.