NASDAQ:FWONK Formula One Group (FWONK) Stock Forecast, Price & News $71.86 +0.73 (+1.03%) (As of 06/2/2023 ET) Add Compare Share Share Today's Range$71.13▼$71.9550-Day Range$70.01▼$75.0652-Week Range$50.00▼$76.15Volume957,731 shsAverage Volume818,921 shsMarket Capitalization$16.84 billionP/E Ratio44.09Dividend YieldN/APrice Target$77.50 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Formula One Group MarketRank™ ForecastAnalyst RatingModerate Buy2.57 Rating ScoreUpside/Downside7.8% Upside$77.50 Price TargetShort InterestHealthy2.60% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews SentimentN/AInsider TradingSelling Shares$10.87 M Sold Last QuarterProj. Earnings Growth152.27%From $0.44 to $1.11 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.95 out of 5 starsConsumer Discretionary Sector197th out of 269 stocksTelevision Broadcasting Stations Industry12th out of 14 stocks 1.3 Analyst's Opinion Consensus RatingFormula One Group has received a consensus rating of Buy. The company's average rating score is 2.57, and is based on 5 buy ratings, 1 hold rating, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $77.50, Formula One Group has a forecasted upside of 7.8% from its current price of $71.86.Amount of Analyst CoverageFormula One Group has only been the subject of 4 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted2.60% of the float of Formula One Group has been sold short.Short Interest Ratio / Days to CoverFormula One Group has a short interest ratio ("days to cover") of 6.1.Change versus previous monthShort interest in Formula One Group has recently decreased by 0.95%, indicating that investor sentiment is improving. Previous Next 0.0 Dividend Strength Dividend YieldFormula One Group does not currently pay a dividend.Dividend GrowthFormula One Group does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for FWONK. Previous Next 1.1 News and Social Media Coverage Search Interest5 people have searched for FWONK on MarketBeat in the last 30 days. MarketBeat Follows3 people have added Formula One Group to their MarketBeat watchlist in the last 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Formula One Group insiders have sold 689.73% more of their company's stock than they have bought. Specifically, they have bought $1,376,825.00 in company stock and sold $10,873,164.00 in company stock.Percentage Held by InsidersOnly 4.31% of the stock of Formula One Group is held by insiders.Percentage Held by Institutions87.86% of the stock of Formula One Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Formula One Group are expected to grow by 152.27% in the coming year, from $0.44 to $1.11 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Formula One Group is 44.09, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.11.Price to Earnings Ratio vs. SectorThe P/E ratio of Formula One Group is 44.09, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 11.29.Price to Book Value per Share RatioFormula One Group has a P/B Ratio of 0.88. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Formula One Group (NASDAQ:FWONK) StockLiberty Media Corp. engages in the operation of media, communications, and entertainment businesses. It operates through the following segments: Sirius XM Holdings, Formula 1. The Sirius XM Holdings segment refers to the complementary audio entertainment businesses, Sirius XM and Pandora. Sirius XM features music, sports, entertainment, comedy, talk, news, traffic, weather channels, and infotainment services. Pandora provides music, comedy, and a podcast streaming discovery platform. The Formula 1 segment focuses on the global motorsports business that holds exclusive commercial rights with respect to the World Championship, an annual, motor race-based competition. The company was founded on March 28, 1991, and is headquartered in Englewood, CO.Read More Receive FWONK Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Formula One Group and its competitors with MarketBeat's FREE daily newsletter. Email Address FWONK Stock News HeadlinesMay 26, 2023 | seekingalpha.comFormula One: Popularity Driving GrowthMay 26, 2023 | americanbankingnews.comBrokerages Set Formula One Group (NASDAQ:FWONK) Target Price at $77.50June 4, 2023 | Behind the Markets (Ad)66,000% upside on tiny biotech?The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.May 11, 2023 | americanbankingnews.comGuggenheim Increases Formula One Group (NASDAQ:FWONK) Price Target to $82.00May 6, 2023 | msn.comFormula 1's Miami Grand Prix brings 'pretty sick' vibes in second yearMay 6, 2023 | news.yahoo.comFormula 1 Teams Fear Adding to Their Ranks Could “Dilute” IncomeMay 5, 2023 | msn.comWill.I.Am Launches Formula 1 Partnership Via Tag-Team Single With Lil WayneMay 5, 2023 | finance.yahoo.comLiberty Media Corporation Reports First Quarter 2023 Financial ResultsJune 4, 2023 | Behind the Markets (Ad)66,000% upside on tiny biotech?The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.May 4, 2023 | americanbankingnews.comFormula One Group (FWONK) to Release Quarterly Earnings on FridayMay 3, 2023 | americanbankingnews.comFormula One Group (NASDAQ:FWONK) Receives $76.60 Average PT from BrokeragesApril 28, 2023 | americanbankingnews.comBrian J. Wendling Sells 1,370 Shares of Formula One Group (NASDAQ:FWONK) StockApril 28, 2023 | americanbankingnews.comFormula One Group (NASDAQ:FWONK) to Post Q1 2023 Earnings of ($0.03) Per Share, Seaport Res Ptn ForecastsApril 26, 2023 | americanbankingnews.comFormula One Group's (FWONK) "Buy" Rating Reaffirmed at Seaport Res PtnApril 26, 2023 | americanbankingnews.comFormula One Group (NASDAQ:FWONK) Lowered to "Sell" at StockNews.comApril 25, 2023 | finance.yahoo.comFormula 1® and Custom Events from WSJ To Host Inaugural F1 Accelerate SummitApril 20, 2023 | americanbankingnews.comGamco Investors, Inc. Et Al Acquires 700 Shares of Formula One Group (NASDAQ:FWONK) StockApril 19, 2023 | americanbankingnews.comFormula One Group (NASDAQ:FWONK) PT Raised to $85.00April 15, 2023 | americanbankingnews.comFormula One Group (NASDAQ:FWONK) Rating Increased to Hold at StockNews.comApril 6, 2023 | americanbankingnews.comFormula One Group (NASDAQ:FWONK) Downgraded to "Sell" at StockNews.comApril 6, 2023 | americanbankingnews.comFormula One Group (NASDAQ:FWONK) Receives $72.80 Consensus Target Price from AnalystsApril 1, 2023 | americanbankingnews.comFormula One Group (NASDAQ:FWONK) CAO Brian J. Wendling Sells 7,252 SharesMarch 30, 2023 | americanbankingnews.comFormula One Group (NASDAQ:FWONK) CAO Brian J. Wendling Sells 3,137 SharesMarch 29, 2023 | investopedia.comWhat Is the Formula for Calculating Free Cash Flow?March 26, 2023 | americanbankingnews.comFormula One Group (NASDAQ:FWONK) CAO Sells $663,226.76 in StockMarch 26, 2023 | seekingalpha.comFWONK Formula One GroupMarch 25, 2023 | yahoo.comFormula E race six: Talking points as title favourites chase Pascal Wehrlein in Brazil debutSee More Headlines FWONK Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart FWONK Company Calendar Last Earnings5/05/2023Today6/04/2023Next Earnings (Estimated)8/04/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Television broadcasting stations Sub-IndustryN/A SectorConsumer Discretionary Current SymbolNASDAQ:FWONK CUSIPN/A CIK1560385 Webwww.libertymedia.com Phone(720) 875-5400FaxN/AEmployees7,047Year FoundedN/APrice Target and Rating Average Stock Price Forecast$77.50 High Stock Price Forecast$85.00 Low Stock Price Forecast$56.00 Forecasted Upside/Downside+7.8%Consensus RatingModerate Buy Rating Score (0-4)2.57 Research Coverage7 Analysts Profitability EPS (Most Recent Fiscal Year)$1.63 Trailing P/E Ratio44.09 Forward P/E Ratio163.32 P/E GrowthN/ANet Income$1.82 billion Net Margins18.66% Pretax Margin73.21% Return on Equity2.58% Return on Assets1.13% Debt Debt-to-Equity Ratio0.82 Current Ratio0.79 Quick Ratio0.79 Sales & Book Value Annual Sales$2.59 billion Price / Sales6.49 Cash Flow$6.92 per share Price / Cash Flow10.38 Book Value$81.42 per share Price / Book0.88Miscellaneous Outstanding Shares234,394,000Free Float224,292,000Market Cap$16.84 billion OptionableOptionable Beta1.08 Key ExecutivesGregory Ben MaffeiPresident, Chief Executive Officer & DirectorBrian J. WendlingChief Financial & Accounting OfficerBen OrenTreasurer & Senior Vice PresidentCraig Edward TroyerVice PresidentWade HaufschildVice PresidentKey CompetitorsFOXNASDAQ:FOXAFormula One GroupNASDAQ:FWONAFOXNASDAQ:FOXParamount GlobalNASDAQ:PARAAViacomCBSNASDAQ:VIACAView All CompetitorsInsiders & InstitutionsAmeriprise Financial Inc.Bought 268,910 shares on 5/22/2023Ownership: 0.155%Geode Capital Management LLCBought 73,369 shares on 5/16/2023Ownership: 1.298%Greenwood Gearhart Inc.Bought 899 shares on 5/16/2023Ownership: 0.067%Susquehanna International Group LLPBought 14,600 shares on 5/16/2023Ownership: 0.000%PEAK6 Investments LLCBought 1,500 shares on 5/12/2023Ownership: 0.000%View All Insider TransactionsView All Institutional Transactions FWONK Stock - Frequently Asked Questions Should I buy or sell Formula One Group stock right now? 7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Formula One Group in the last year. There are currently 1 sell rating, 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" FWONK shares. View FWONK analyst ratings or view top-rated stocks. What is Formula One Group's stock price forecast for 2023? 7 analysts have issued twelve-month price targets for Formula One Group's shares. Their FWONK share price forecasts range from $56.00 to $85.00. On average, they anticipate the company's share price to reach $77.50 in the next twelve months. This suggests a possible upside of 7.8% from the stock's current price. View analysts price targets for FWONK or view top-rated stocks among Wall Street analysts. How have FWONK shares performed in 2023? Formula One Group's stock was trading at $59.78 at the start of the year. Since then, FWONK shares have increased by 20.2% and is now trading at $71.86. View the best growth stocks for 2023 here. When is Formula One Group's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Friday, August 4th 2023. View our FWONK earnings forecast. How were Formula One Group's earnings last quarter? Formula One Group (NASDAQ:FWONK) issued its quarterly earnings results on Friday, May, 5th. The company reported ($0.58) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.15) by $0.43. The business had revenue of $381 million for the quarter, compared to analyst estimates of $373.42 million. Formula One Group had a trailing twelve-month return on equity of 2.58% and a net margin of 18.66%. What ETFs hold Formula One Group's stock? ETFs with the largest weight of Formula One Group (NASDAQ:FWONK) stock in their portfolio include Alger Mid Cap 40 ETF (FRTY), Invesco DWA Consumer Cyclicals Momentum ETF (PEZ), Invesco Dynamic Leisure and Entertainment ETF (PEJ), Corbett Road Tactical Opportunity ETF (OPPX), VictoryShares Nasdaq Next 50 ETF (QQQN), Invesco ESG NASDAQ Next Gen 100 ETF (QQJG), Invesco NASDAQ Next Gen 100 ETF (QQQJ) and Davis Select Worldwide ETF (DWLD). What is Formula One Group's stock symbol? Formula One Group trades on the NASDAQ under the ticker symbol "FWONK." Who are Formula One Group's major shareholders? Formula One Group's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Geode Capital Management LLC (1.30%), Bank of New York Mellon Corp (0.79%), New York State Common Retirement Fund (0.22%), Sumitomo Mitsui Trust Holdings Inc. (0.22%), Ameriprise Financial Inc. (0.16%) and California State Teachers Retirement System (0.12%). Insiders that own company stock include Andrea L Wong, Brian J Wendling, Gamco Investors, Inc Et Al, Gregory B Maffei, John C Malone and Malcolm Ian Grant Gilchrist. View institutional ownership trends. How do I buy shares of Formula One Group? Shares of FWONK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Formula One Group's stock price today? One share of FWONK stock can currently be purchased for approximately $71.86. How much money does Formula One Group make? Formula One Group (NASDAQ:FWONK) has a market capitalization of $16.84 billion and generates $2.59 billion in revenue each year. The company earns $1.82 billion in net income (profit) each year or $1.63 on an earnings per share basis. How many employees does Formula One Group have? The company employs 7,047 workers across the globe. How can I contact Formula One Group? Formula One Group's mailing address is 12300 Liberty Boulevard, Englewood CO, 80112. The official website for the company is www.libertymedia.com. The company can be reached via phone at (720) 875-5400. This page (NASDAQ:FWONK) was last updated on 6/4/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Formula One Group Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Your Password: or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Choose a Password: Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.