Insight Advisors LLC PA Acquires New Shares in Ferrari N.V. $RACE

Insight Advisors LLC PA bought a new stake in Ferrari N.V. (NYSE:RACE) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 425 shares of the company’s stock, valued at approximately $209,000.

Several other large investors also recently modified their holdings of RACE. GW&K Investment Management LLC lifted its holdings in shares of Ferrari by 288.9% during the 1st quarter. GW&K Investment Management LLC now owns 70 shares of the company’s stock valued at $30,000 after purchasing an additional 52 shares in the last quarter. Alpine Bank Wealth Management acquired a new stake in Ferrari during the 1st quarter worth approximately $33,000. Brooklyn Investment Group lifted its stake in Ferrari by 381.3% in the first quarter. Brooklyn Investment Group now owns 77 shares of the company’s stock valued at $33,000 after buying an additional 61 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Ferrari by 41.2% in the second quarter. GAMMA Investing LLC now owns 72 shares of the company’s stock valued at $35,000 after buying an additional 21 shares during the period. Finally, Centerpoint Advisors LLC acquired a new position in shares of Ferrari in the first quarter valued at approximately $43,000.

Ferrari Stock Up 2.3%

NYSE:RACE opened at $402.96 on Friday. Ferrari N.V. has a twelve month low of $372.31 and a twelve month high of $519.10. The firm has a market capitalization of $97.67 billion, a price-to-earnings ratio of 41.59, a price-to-earnings-growth ratio of 4.18 and a beta of 1.08. The company has a quick ratio of 3.94, a current ratio of 5.09 and a debt-to-equity ratio of 0.89. The stock’s 50 day moving average price is $461.02 and its two-hundred day moving average price is $467.77.

Ferrari (NYSE:RACE) last released its quarterly earnings data on Thursday, July 31st. The company reported $2.70 EPS for the quarter, beating the consensus estimate of $2.57 by $0.13. The company had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.05 billion. Ferrari had a return on equity of 45.41% and a net margin of 22.95%.The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.29 EPS. Ferrari has set its FY 2025 guidance at 9.751- EPS. Equities research analysts expect that Ferrari N.V. will post 9.22 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently commented on RACE shares. Cfra Research lowered shares of Ferrari from a “hold” rating to a “moderate sell” rating in a report on Thursday, July 31st. Royal Bank Of Canada reissued an “outperform” rating on shares of Ferrari in a research note on Monday, August 4th. Sanford C. Bernstein cut their price target on Ferrari from $554.00 to $475.00 and set an “outperform” rating on the stock in a report on Friday, October 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of Ferrari in a report on Wednesday, October 8th. Finally, UBS Group dropped their target price on Ferrari from $579.00 to $529.00 and set a “buy” rating on the stock in a research report on Thursday, October 16th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $505.50.

About Ferrari

Ferrari N.V., through its subsidiaries, engages in design, engineering, production, and sale of luxury performance sports cars worldwide. The company offers range, special series, Icona, and supercars; limited edition supercars and one-off cars; and track cars. It also provides racing cars, and spare parts and engines, as well as after sales, repair, maintenance, and restoration services for cars; and licenses its Ferrari brand to various producers and retailers of luxury and lifestyle goods.