Wells Fargo Reaffirms Their Sell Rating on Liberty Media Liberty Formula One (FWONK)

Wells Fargo analyst Steven Cahall maintained a Sell rating on Liberty Media Liberty Formula One yesterday and set a price target of $94.00.

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Cahall covers the Communication Services sector, focusing on stocks such as Warner Bros, Fox, and Comcast. According to TipRanks, Cahall has an average return of 7.5% and a 55.58% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Liberty Media Liberty Formula One with a $116.60 average price target.

Based on Liberty Media Liberty Formula One’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.08 billion and a net profit of $66 million. In comparison, last year the company earned a revenue of $911 million and had a net profit of $117 million

Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FWONK in relation to earlier this year. Earlier this month, Chase Carey, a Director at FWONK sold 81,006.00 shares for a total of $8,334,003.34.