Seaport Res Ptn Has Positive Estimate for FWONA Q3 Earnings

Formula One Group (NASDAQ:FWONA - Free Report) - Analysts at Seaport Res Ptn raised their Q3 2026 earnings per share estimates for Formula One Group in a research report issued on Tuesday, June 10th. Seaport Res Ptn analyst D. Joyce now expects that the company will earn $0.54 per share for the quarter, up from their prior forecast of $0.45. Seaport Res Ptn has a "Strong-Buy" rating on the stock. The consensus estimate for Formula One Group's current full-year earnings is $1.46 per share. Seaport Res Ptn also issued estimates for Formula One Group's Q4 2026 earnings at $0.30 EPS.

Several other analysts also recently weighed in on FWONA. Guggenheim reissued a "buy" rating on shares of Formula One Group in a report on Monday, March 3rd. Wells Fargo & Company initiated coverage on shares of Formula One Group in a research report on Monday, February 24th. They set an "underweight" rating and a $83.00 target price on the stock. Susquehanna initiated coverage on shares of Formula One Group in a research report on Monday, April 28th. They issued a "positive" rating and a $115.00 price target for the company. Benchmark reiterated a "buy" rating and set a $102.00 price target on shares of Formula One Group in a research note on Thursday. Finally, Sanford C. Bernstein assumed coverage on shares of Formula One Group in a research note on Wednesday, June 4th. They issued a "market perform" rating and a $105.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Formula One Group currently has an average rating of "Moderate Buy" and a consensus target price of $101.25.

Formula One Group Stock Performance

Shares of NASDAQ:FWONA traded down $0.87 on Friday, hitting $87.03. 160,478 shares of the company's stock were exchanged, compared to its average volume of 110,015. Formula One Group has a 1-year low of $63.01 and a 1-year high of $95.33. The company has a market capitalization of $21.71 billion, a PE ratio of 75.68 and a beta of 0.49. The firm's 50-day moving average is $82.94 and its 200 day moving average is $83.90.

Formula One Group (NASDAQ:FWONA - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.03. The company had revenue of $400.00 million for the quarter, compared to analysts' expectations of $440.80 million.

Insider Buying and Selling at Formula One Group

In other news, Director Chase Carey sold 100,000 shares of the company's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $96.38, for a total value of $9,638,000.00. Following the sale, the director now owns 93,102 shares in the company, valued at approximately $8,973,170.76. This represents a 51.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.97% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Formula One Group

Large investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. grew its holdings in Formula One Group by 67.2% in the 4th quarter. Russell Investments Group Ltd. now owns 662 shares of the company's stock worth $56,000 after buying an additional 266 shares in the last quarter. Quantbot Technologies LP raised its stake in Formula One Group by 61.6% during the 1st quarter. Quantbot Technologies LP now owns 2,404 shares of the company's stock valued at $196,000 after acquiring an additional 916 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in Formula One Group by 74.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 18,372 shares of the company's stock worth $1,497,000 after acquiring an additional 7,811 shares during the period. Strs Ohio bought a new stake in shares of Formula One Group during the first quarter valued at about $2,232,000. Finally, Bank of New York Mellon Corp lifted its holdings in Formula One Group by 2.2% in the first quarter. Bank of New York Mellon Corp now owns 59,343 shares of the company's stock worth $4,835,000 after purchasing an additional 1,300 shares during the period. 8.38% of the stock is owned by institutional investors and hedge funds.

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.