Inspire Investing LLC Increases Stock Position in Ferrari N.V. $RACE

Inspire Investing LLC increased its position in Ferrari N.V. (NYSE:RACE) by 0.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,332 shares of the company’s stock after acquiring an additional 28 shares during the period. Inspire Investing LLC’s holdings in Ferrari were worth $2,126,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. GW&K Investment Management LLC grew its position in Ferrari by 288.9% in the 1st quarter. GW&K Investment Management LLC now owns 70 shares of the company’s stock worth $30,000 after purchasing an additional 52 shares during the period. Alpine Bank Wealth Management bought a new stake in Ferrari in the 1st quarter worth approximately $33,000. Brooklyn Investment Group grew its position in Ferrari by 381.3% in the 1st quarter. Brooklyn Investment Group now owns 77 shares of the company’s stock worth $33,000 after purchasing an additional 61 shares during the period. GAMMA Investing LLC grew its position in shares of Ferrari by 41.2% during the 2nd quarter. GAMMA Investing LLC now owns 72 shares of the company’s stock valued at $35,000 after acquiring an additional 21 shares during the period. Finally, Centerpoint Advisors LLC bought a new stake in shares of Ferrari during the 1st quarter valued at $43,000.

Ferrari Stock Down 3.0%

Shares of NYSE RACE opened at $395.30 on Friday. The stock has a market capitalization of $95.81 billion, a price-to-earnings ratio of 40.79, a P/E/G ratio of 3.28 and a beta of 1.08. Ferrari N.V. has a 12-month low of $391.54 and a 12-month high of $519.10. The firm’s 50-day moving average price is $470.68 and its 200-day moving average price is $469.66. The company has a current ratio of 5.09, a quick ratio of 3.94 and a debt-to-equity ratio of 0.89.

Ferrari (NYSE:RACE) last issued its earnings results on Thursday, July 31st. The company reported $2.70 EPS for the quarter, topping analysts’ consensus estimates of $2.57 by $0.13. The business had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.05 billion. Ferrari had a net margin of 22.95% and a return on equity of 45.41%. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.29 EPS. Ferrari has set its FY 2025 guidance at 9.751- EPS. On average, equities research analysts anticipate that Ferrari N.V. will post 9.22 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft raised shares of Ferrari from a “hold” rating to a “buy” rating in a research report on Tuesday, September 2nd. Berenberg Bank set a $570.00 price objective on shares of Ferrari in a research report on Friday, October 3rd. Zacks Research cut shares of Ferrari from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 29th. Citigroup restated a “sell” rating on shares of Ferrari in a research note on Monday, August 11th. Finally, Hsbc Global Res upgraded shares of Ferrari from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 2nd. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Ferrari has an average rating of “Moderate Buy” and a consensus price target of $519.83.

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.