Formula One Group - FWONA Stock Forecast, Price & News

Formula One Group engages in the motorsports business in the United States and internationally. It holds commercial rights for the 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. The company was founded in 1950 and is based in Englewood, Colorado. Formula One Group is a subsidiary of Liberty Media Corporation.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on FWONA shares. Morgan Stanley upgraded shares of Formula One Group from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $65.00 to $72.00 in a research note on Wednesday, June 15th. Deutsche Bank Aktiengesellschaft raised their target price on Formula One Group from $52.00 to $55.00 in a research note on Tuesday, May 10th. Finally, Citigroup reduced their price objective on shares of Formula One Group from $65.00 to $62.00 and set a "neutral" rating for the company in a research report on Thursday, July 7th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $62.80.

Formula One Group Trading Down 5.3 %

Shares of Formula One Group stock opened at $57.30 on Monday. Formula One Group has a 12 month low of $41.30 and a 12 month high of $64.70. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.92. The business has a fifty day simple moving average of $57.00 and a 200-day simple moving average of $57.20.

Formula One Group (NASDAQ:FWONA - Get Rating) last issued its earnings results on Friday, May 6th. The company reported ($0.15) EPS for the quarter. Formula One Group had a negative net margin of 7.73% and a negative return on equity of 0.96%. The firm had revenue of $360.00 million during the quarter.

Insider Activity at Formula One Group

In other Formula One Group news, major shareholder Gamco Investors, Inc. Et Al acquired 2,000 shares of the firm's stock in a transaction that occurred on Monday, June 27th. The stock was purchased at an average cost of $25.00 per share, for a total transaction of $50,000.00. Following the completion of the acquisition, the insider now owns 12,000 shares of the company's stock, valued at approximately $300,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 4.83% of the stock is currently owned by company insiders.