Seaport Res Ptn Has Bullish Outlook for FWONK Q3 Earnings

Formula One Group (NASDAQ:FWONK) – Analysts at Seaport Res Ptn upped their Q3 2025 earnings per share estimates for shares of Formula One Group in a research note issued to investors on Wednesday, May 7th. Seaport Res Ptn analyst D. Joyce now anticipates that the company will post earnings of $0.36 per share for the quarter, up from their previous estimate of $0.30. Seaport Res Ptn currently has a “Strong-Buy” rating on the stock. The consensus estimate for Formula One Group’s current full-year earnings is $1.36 per share. Seaport Res Ptn also issued estimates for Formula One Group’s Q3 2026 earnings at $0.45 EPS.

FWONK has been the topic of a number of other reports. Wells Fargo & Company decreased their price objective on shares of Formula One Group from $83.00 to $80.00 and set an “underweight” rating on the stock in a research note on Friday, February 28th. Morgan Stanley decreased their price target on Formula One Group from $115.00 to $110.00 and set an “overweight” rating on the stock in a research note on Friday, February 28th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $102.00 price objective on shares of Formula One Group in a research note on Friday, March 7th. JPMorgan Chase & Co. lifted their target price on Formula One Group from $96.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, March 6th. Finally, Susquehanna initiated coverage on shares of Formula One Group in a research note on Monday, April 28th. They issued a “positive” rating and a $115.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Formula One Group has a consensus rating of “Moderate Buy” and an average price target of $98.14.

Formula One Group Price Performance

Shares of NASDAQ FWONK opened at $95.34 on Friday. The business has a fifty day moving average price of $86.43 and a two-hundred day moving average price of $89.35. The stock has a market capitalization of $23.76 billion, a PE ratio of 82.91 and a beta of 0.33. Formula One Group has a fifty-two week low of $68.43 and a fifty-two week high of $102.33.

Formula One Group (NASDAQ:FWONK) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.23. The firm had revenue of $447.00 million during the quarter, compared to analyst estimates of $440.80 million.

Institutional Investors Weigh In On Formula One Group

Several institutional investors have recently added to or reduced their stakes in FWONK. GW&K Investment Management LLC purchased a new position in Formula One Group during the first quarter valued at approximately $25,000. Versant Capital Management Inc boosted its holdings in Formula One Group by 1,378.8% in the 1st quarter. Versant Capital Management Inc now owns 2,159 shares of the company’s stock valued at $194,000 after purchasing an additional 2,013 shares during the period. HighPoint Advisor Group LLC grew its position in shares of Formula One Group by 22.3% during the 1st quarter. HighPoint Advisor Group LLC now owns 4,278 shares of the company’s stock valued at $382,000 after purchasing an additional 779 shares in the last quarter. Allstate Corp bought a new position in shares of Formula One Group in the fourth quarter worth $571,000. Finally, Praxis Investment Management Inc. raised its position in shares of Formula One Group by 10.7% in the first quarter. Praxis Investment Management Inc. now owns 9,870 shares of the company’s stock worth $888,000 after buying an additional 950 shares in the last quarter. 92.26% of the stock is owned by hedge funds and other institutional investors.

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.