Formula One Group (NASDAQ:FWONA) Upgraded by Seaport Res Ptn to Strong-Buy Rating

Seaport Res Ptn upgraded shares of Formula One Group (NASDAQ:FWONA) from a hold rating to a strong-buy rating in a research report sent to investors on Saturday,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.

Other analysts have also recently issued research reports about the stock. Wells Fargo & Company began coverage on shares of Formula One Group in a research note on Monday, February 24th. They issued an “underweight” rating and a $83.00 price target for the company. Guggenheim reiterated a “buy” rating on shares of Formula One Group in a research report on Monday, March 3rd. One analyst has rated the stock with a sell rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $82.33.

Formula One Group Trading Up 2.2 %

Shares of FWONA stock opened at $79.80 on Friday. Formula One Group has a 1 year low of $57.43 and a 1 year high of $95.33. The firm’s 50 day moving average is $86.20 and its 200-day moving average is $79.90. The firm has a market capitalization of $19.89 billion, a price-to-earnings ratio of 69.39 and a beta of 0.15.

Formula One Group (NASDAQ:FWONA) last issued its earnings results on Thursday, February 27th. The company reported ($1.03) EPS for the quarter, missing the consensus estimate of $0.43 by ($1.46). The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.37 billion. On average, equities research analysts forecast that Formula One Group will post 1.46 earnings per share for the current fiscal year.

Institutional Trading of Formula One Group

A number of institutional investors have recently made changes to their positions in FWONA. Russell Investments Group Ltd. increased its holdings in shares of Formula One Group by 67.2% during the fourth quarter. Russell Investments Group Ltd. now owns 662 shares of the company’s stock valued at $56,000 after acquiring an additional 266 shares in the last quarter. FNY Investment Advisers LLC increased its holdings in shares of 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 acquiring an additional 159 shares in the last quarter. Finally, Integrated Wealth Concepts LLC increased its holdings in Formula One Group by 4.2% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 7,462 shares of the company’s stock worth $534,000 after buying an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 8.38% of the company’s stock.

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.