Formula One Group (NASDAQ:FWONA) Upgraded to “Strong-Buy” at Seaport Res Ptn

Formula One Group (NASDAQ:FWONA) was upgraded by stock analysts at Seaport Res Ptn from a “hold” rating to a “strong-buy” rating in a note issued 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.

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

Formula One Group Trading Up 2.2 %

Shares of FWONA stock opened at $79.80 on Friday. The business’s 50 day moving average is $86.20 and its two-hundred day moving average is $79.90. Formula One Group has a twelve month low of $57.43 and a twelve month high of $95.33. The company has a market capitalization of $19.89 billion, a P/E ratio of 69.39 and a beta of 0.15.

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

Hedge Funds Weigh In On Formula One Group

Institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. raised its holdings in shares of Formula One Group by 67.2% in the fourth quarter. Russell Investments Group Ltd. now owns 662 shares of the company’s stock worth $56,000 after acquiring an additional 266 shares during the last quarter. FNY Investment Advisers LLC raised its holdings in shares of Formula One Group by 25.6% in the fourth quarter. FNY Investment Advisers LLC now owns 779 shares of the company’s stock worth $65,000 after acquiring an additional 159 shares during the last quarter. Finally, Integrated Wealth Concepts LLC raised its holdings in shares of Formula One Group by 4.2% in the third quarter. Integrated Wealth Concepts LLC now owns 7,462 shares of the company’s stock worth $534,000 after acquiring an additional 300 shares during the last quarter. 8.38% of the stock is owned by institutional investors and hedge funds.

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.