Back to News
investment

Citizens Initiates Coverage of Formula One Group (FWONA) with Market Outperform Recommendation

Fintel
Loading...
4 min read
0 likes
⚡ Quantum Brief
Citizens initiated coverage of Formula One Group (FWONA) on March 30, 2026, with a "Market Outperform" recommendation, signaling strong bullish sentiment. Analysts project a 56.31% upside, with an average one-year price target of $117.40—ranging from $101.00 to $141.75—based on the latest closing price of $75.11. Revenue is forecasted to drop 24.81% to $3.37 billion, while non-GAAP EPS is expected at $1.47, reflecting mixed financial outlooks. Institutional ownership fell 38.37% last quarter, but the put/call ratio of 0.46 suggests bullish market sentiment despite reduced holdings. Principal Financial Group increased its stake by 25.44%, while Norges Bank entered as a new major holder, contrasting broader institutional declines.
AI Audio Summary
0:00 / 0:00
Click to play
Untitled design (26).png
Quantum News · Media Library

AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA Stocks FWONA Citizens Initiates Coverage of Formula One Group (FWONA) with Market Outperform Recommendation March 30, 2026 — 08:04 pm EDT Written by George Maybach for Fintel-> Fintel reports that on March 30, 2026, Citizens initiated coverage of Formula One Group (NasdaqGS:FWONA) with a Market Outperform recommendation.

Analyst Price Forecast Suggests 56.31% Upside As of March 27, 2026, the average one-year price target for Formula One Group is $117.40/share. The forecasts range from a low of $101.00 to a high of $141.75. The average price target represents an increase of 56.31% from its latest reported closing price of $75.11 / share. See our leaderboard of companies with the largest price target upside. The projected annual revenue for Formula One Group is 3,370MM, a decrease of 24.81%. The projected annual non-GAAP EPS is 1.47. What is the Fund Sentiment? There are 302 funds or institutions reporting positions in Formula One Group. This is an decrease of 188 owner(s) or 38.37% in the last quarter. Average portfolio weight of all funds dedicated to FWONA is 0.15%, an increase of 3.31%. Total shares owned by institutions decreased in the last three months by 6.26% to 21,063K shares. The put/call ratio of FWONA is 0.46, indicating a bullish outlook. What are Other Shareholders Doing? Linonia Partnership holds 2,118K shares representing 8.83% ownership of the company. No change in the last quarter.

Principal Financial Group holds 1,327K shares representing 5.53% ownership of the company. In its prior filing, the firm reported owning 990K shares , representing an increase of 25.44%. The firm increased its portfolio allocation in FWONA by 27.43% over the last quarter.

State Of Wisconsin Investment Board holds 1,302K shares representing 5.43% ownership of the company. In its prior filing, the firm reported owning 1,386K shares , representing a decrease of 6.49%. The firm decreased its portfolio allocation in FWONA by 14.06% over the last quarter.

Ashe Capital Management holds 1,184K shares representing 4.94% ownership of the company. No change in the last quarter. Norges Bank holds 1,012K shares representing 4.22% ownership of the company. In its prior filing, the firm reported owning 0K shares , representing an increase of 100.00%. Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.Click to Learn MoreThis story originally appeared on Fintel. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tags Stocks Fintel Fintel is a leading provider of financial data and insights for intelligent, data-driven investors. With coverage of over 75,000 listed companies on all major stock exchanges, Fintel has the most comprehensive coverage of global equities at prices individual investors can afford. Check out our Unique Analysis of Insider Sentiment for Formula One Group-> Find out what the Options Markets think of Formula One Group-> See our take on Formula One Group Upcoming Earnings-> More articles by this source-> Stocks mentioned FWONA More Related Articles This data feed is not available at this time. Data is currently not available • Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.

Read Original

Tags

partnership

Source Information

Discussion

0 professional contributions

Sign in to join this professional discussion.

Be the first to add a constructive contribution.