Formula One Group (FWONK) Stock Forecast, Price & News

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.
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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.
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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.
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The company is scheduled to release its next quarterly earnings announcement on Friday, August 4th 2023.
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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%.

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).

Formula One Group trades on the NASDAQ under the ticker symbol "FWONK."

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.
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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.
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One share of FWONK stock can currently be purchased for approximately $71.86.

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.

The company employs 7,047 workers across the globe.

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.