Seaport Res Ptn Downgrades Formula One Group (NASDAQ:FWONK) to Hold

Seaport Res Ptn cut shares of Formula One Group (NASDAQ:FWONK - Free Report) from a strong-buy rating to a hold rating in a report published on Wednesday morning,Zacks.com reports. Seaport Res Ptn also issued estimates for Formula One Group's Q4 2025 earnings at $0.62 EPS.

A number of other equities analysts have also commented on the stock. Rosenblatt Securities raised their price target on shares of Formula One Group from $91.00 to $93.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. StockNews.com cut shares of Formula One Group from a "hold" rating to a "sell" rating in a research report on Monday, November 18th. UBS Group began coverage on shares of Formula One Group in a report on Thursday, October 17th. They issued a "neutral" rating and a $85.00 price objective for the company. Finally, Morgan Stanley boosted their price target on shares of Formula One Group from $80.00 to $85.00 and gave the stock an "equal weight" rating in a research report on Monday, September 23rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Formula One Group has an average rating of "Hold" and a consensus price target of $88.25.

Formula One Group Stock Performance

NASDAQ FWONK traded up $1.07 during trading hours on Wednesday, reaching $93.89. 1,270,090 shares of the company's stock were exchanged, compared to its average volume of 1,171,285. The company has a market capitalization of $20.87 billion, a price-to-earnings ratio of 81.64 and a beta of 0.18. The company's 50-day moving average is $81.94 and its two-hundred day moving average is $77.79. Formula One Group has a one year low of $61.44 and a one year high of $94.38.

Formula One Group (NASDAQ:FWONK - Get Free Report) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $0.48 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $0.18. The firm had revenue of $848.00 million during the quarter, compared to the consensus estimate of $837.59 million. Research analysts predict that Formula One Group will post 1.38 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Renee L. Wilm sold 19,202 shares of the company's stock in a transaction on Friday, September 20th. The shares were sold at an average price of $78.78, for a total value of $1,512,733.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Brian J. Wendling sold 1,094 shares of the business's stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $69.57, for a total transaction of $76,109.58. The disclosure for this sale can be found here. Insiders have sold a total of 31,911 shares of company stock worth $2,403,701 over the last quarter. 4.31% of the stock is currently owned by corporate insiders.

Institutional Trading of Formula One Group

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Greenwood Gearhart Inc. lifted its stake in Formula One Group by 8.1% during the third quarter. Greenwood Gearhart Inc. now owns 176,160 shares of the company's stock valued at $13,640,000 after purchasing an additional 13,146 shares during the last quarter. Hahn Capital Management LLC grew its holdings in Formula One Group by 33.5% in the 2nd quarter. Hahn Capital Management LLC now owns 68,616 shares of the company's stock valued at $4,929,000 after buying an additional 17,219 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in Formula One Group by 16.9% during the third quarter. Janney Montgomery Scott LLC now owns 27,340 shares of the company's stock valued at $2,117,000 after acquiring an additional 3,958 shares during the period. 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 valued at $538,000 after purchasing an additional 203 shares in the last quarter. Finally, Lountzis Asset Management LLC grew its holdings in shares of Formula One Group by 17.0% in the 3rd quarter. Lountzis Asset Management LLC now owns 5,954 shares of the company's stock worth $461,000 after purchasing an additional 864 shares during the last quarter. 92.26% of the stock is owned by institutional investors.

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.