Formula One Group (NASDAQ:FWONK) Stock Rating Upgraded by Seaport Res Ptn

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

Several other research analysts also recently weighed in on FWONK. Wells Fargo & Company dropped their target price on shares of Formula One Group from $83.00 to $80.00 and set an “underweight” rating for the company in a report on Friday, February 28th. StockNews.com lowered Formula One Group from a “hold” rating to a “sell” rating in a research report on Monday, November 18th. Rosenblatt Securities restated a “buy” rating and set a $102.00 target price on shares of Formula One Group in a research report on Friday, March 7th. Morgan Stanley dropped their target price on Formula One Group from $115.00 to $110.00 and set an “overweight” rating for the company in a research report on Friday, February 28th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Formula One Group from $96.00 to $105.00 and gave the company an “overweight” rating in a research note on Thursday, March 6th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $95.33.

Formula One Group Stock Up 2.0 %

Shares of NASDAQ FWONK opened at $87.66 on Friday. Formula One Group has a twelve month low of $64.37 and a twelve month high of $102.33. The firm has a market cap of $21.85 billion, a P/E ratio of 76.23 and a beta of 0.13. The company has a 50 day moving average of $93.65 and a 200 day moving average of $87.06.

Formula One Group (NASDAQ:FWONK) last announced its earnings results on Thursday, February 27th. The company reported ($1.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($1.45). The business had revenue of $20.71 billion for the quarter, compared to analyst estimates of $1.37 billion. As a group, equities analysts expect that Formula One Group will post 1.36 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Formula One Group

Several hedge funds have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio raised its position in shares of Formula One Group by 1.2% in the fourth quarter. Public Employees Retirement System of Ohio now owns 405,019 shares of the company’s stock worth $37,529,000 after acquiring an additional 4,897 shares during the period. Greenwood Gearhart Inc. raised its holdings in Formula One Group by 2.7% in the 4th quarter. Greenwood Gearhart Inc. now owns 180,921 shares of the company’s stock valued at $16,764,000 after acquiring an additional 4,761 shares during the last quarter. Allstate Corp acquired a new stake in Formula One Group in the 4th quarter valued at about $571,000. Hahn Capital Management LLC grew its stake in shares of Formula One Group by 47.7% in the 4th quarter. Hahn Capital Management LLC now owns 67,197 shares of the company’s stock valued at $6,226,000 after buying an additional 21,699 shares during the period. Finally, Janney Montgomery Scott LLC grew its stake in shares of Formula One Group by 1.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 27,627 shares of the company’s stock valued at $2,560,000 after buying an additional 287 shares during the period. 92.26% 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.