Liberty Media Formula One Series A (FWONA) Coverage Initiated at Evercore ISI

Evercore ISI began coverage on shares of Liberty Media Formula One Series A (NASDAQ:FWONA) in a report published on Thursday, BenzingaRatingsTable reports. The brokerage issued an outperform rating and a $40.00 target price on the stock.

Other equities research analysts have also issued reports about the company. Zacks Investment Research upgraded Liberty Media Formula One Series A from a sell rating to a hold rating in a report on Friday, January 25th. Macquarie reiterated a buy rating and set a $43.00 price target on shares of Liberty Media Formula One Series A in a report on Tuesday, April 16th. Pivotal Research reiterated a buy rating and set a $43.00 price target on shares of Liberty Media Formula One Series A in a report on Friday, March 1st. B. Riley upgraded Liberty Media Formula One Series A from a neutral rating to a buy rating and lifted their price target for the company from $35.00 to $46.00 in a report on Thursday, May 16th. Finally, ValuEngine upgraded Liberty Media Formula One Series A from a buy rating to a strong-buy rating in a report on Thursday, April 18th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of Buy and a consensus price target of $41.29.

FWONA traded up $0.20 during trading on Thursday, reaching $37.10. The company had a trading volume of 7,160 shares, compared to its average volume of 73,504. The stock has a market capitalization of $8.52 billion, a P/E ratio of -57.08 and a beta of 1.03. Liberty Media Formula One Series A has a 12-month low of $26.63 and a 12-month high of $38.43. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.60.

Liberty Media Formula One Series A (NASDAQ:FWONA) last announced its quarterly earnings data on Thursday, May 9th. The company reported ($0.64) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.55) by ($0.09). Liberty Media Formula One Series A had a negative return on equity of 1.25% and a negative net margin of 14.34%. The business had revenue of $246.00 million for the quarter. On average, research analysts predict that Liberty Media Formula One Series A will post -0.55 earnings per share for the current year.

In related news, insider Richard N. Baer sold 19,988 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $41.51, for a total value of $829,701.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Hedge funds and other institutional investors have recently modified their holdings of the business. Loeb Partners Corp bought a new stake in shares of Liberty Media Formula One Series A during the fourth quarter valued at approximately $26,000. Oppenheimer Asset Management Inc. bought a new stake in Liberty Media Formula One Series A in the fourth quarter valued at about $27,000. Royal London Asset Management Ltd. bought a new stake in Liberty Media Formula One Series A in the first quarter valued at about $39,000. We Are One Seven LLC bought a new stake in Liberty Media Formula One Series A in the fourth quarter valued at about $52,000. Finally, Bank of Montreal Can increased its holdings in shares of Liberty Media Formula One Series A by 85.2% in the fourth quarter. Bank of Montreal Can now owns 2,224 shares of the company’s stock worth $66,000 after acquiring an additional 1,023 shares in the last quarter. 9.76% of the stock is currently owned by institutional investors.

About Liberty Media Formula One Series A

Formula One Group operates in the motorsports business. It holds commercial rights for the world championship, a motor race-based competition in which teams compete for the constructors' championship and drivers compete for the drivers' championship. The company is based in Englewood, Colorado.

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Analyst Recommendations for Liberty Media Formula One Series A (NASDAQ:FWONA)

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