What is Seaport Res Ptn's Forecast for FWONK Q4 Earnings?

Formula One Group (NASDAQ:FWONK - Free Report) - Analysts at Seaport Res Ptn reduced their Q4 2025 EPS estimates for Formula One Group in a research report issued to clients and investors on Wednesday, December 4th. Seaport Res Ptn analyst D. Joyce now anticipates that the company will post earnings of $0.62 per share for the quarter, down from their previous forecast of $0.77. Seaport Res Ptn currently has a "Hold" rating on the stock. The consensus estimate for Formula One Group's current full-year earnings is $1.38 per share.

Other research analysts have also recently issued research reports about the stock. Rosenblatt Securities increased their target price on shares of Formula One Group from $91.00 to $93.00 and gave the stock a "buy" rating in a report on Friday, November 8th. UBS Group started coverage on shares of Formula One Group in a research report on Thursday, October 17th. They issued a "neutral" rating and a $85.00 target price on the stock. StockNews.com downgraded shares of Formula One Group from a "hold" rating to a "sell" rating in a report on Monday, November 18th. Finally, Morgan Stanley raised their price objective on Formula One Group from $80.00 to $85.00 and gave the company an "equal weight" rating in a report on Monday, September 23rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Formula One Group presently has an average rating of "Hold" and an average price target of $88.25.

Formula One Group Stock Performance

Shares of NASDAQ FWONK traded up $1.07 during mid-day trading on Friday, reaching $93.89. The company had a trading volume of 1,270,098 shares, compared to its average volume of 1,293,528. Formula One Group has a one year low of $61.44 and a one year high of $94.38. The business's 50-day simple moving average is $81.94 and its 200 day simple moving average is $77.79. The firm has a market cap of $20.87 billion, a price-to-earnings ratio of 81.64 and a beta of 0.18.

Formula One Group (NASDAQ:FWONK - Get Free Report) last released its quarterly earnings results on Tuesday, November 12th. The company reported $0.48 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.18. The business had revenue of $848.00 million for the quarter, compared to the consensus estimate of $837.59 million.

Insiders Place Their Bets

In related news, 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 value of $76,109.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Renee L. Wilm sold 19,202 shares of the firm's stock in a transaction that occurred 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 disclosure for this sale can be found here. In the last three months, insiders have sold 31,911 shares of company stock worth $2,403,701. Corporate insiders own 4.31% of the company's stock.

Hedge Funds Weigh In On Formula One Group

A number of hedge funds have recently added to or reduced their stakes in the stock. Hahn Capital Management LLC boosted its holdings in Formula One Group by 33.5% during the 2nd quarter. Hahn Capital Management LLC now owns 68,616 shares of the company's stock worth $4,929,000 after acquiring an additional 17,219 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in shares of 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 purchasing an additional 3,958 shares in the last quarter. Lountzis Asset Management LLC boosted its holdings in Formula One Group by 17.0% during the third 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. Greenwood Gearhart Inc. boosted its holdings in Formula One Group by 8.1% during the third quarter. Greenwood Gearhart Inc. now owns 176,160 shares of the company's stock worth $13,640,000 after purchasing an additional 13,146 shares during the last quarter. Finally, MetLife Investment Management LLC grew its position in Formula One Group by 3.0% in the 3rd quarter. MetLife Investment Management LLC now owns 6,946 shares of the company's stock worth $538,000 after purchasing an additional 203 shares in the last quarter. Institutional investors and hedge funds own 92.26% of the company's stock.

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.