Ransom Advisory Ltd Has $822,000 Holdings in Ferrari N.V. $RACE

Ransom Advisory Ltd cut its holdings in Ferrari N.V. (NYSE:RACE) by 8.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,675 shares of the company’s stock after selling 150 shares during the quarter. Ransom Advisory Ltd’s holdings in Ferrari were worth $822,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in RACE. GW&K Investment Management LLC lifted its stake in Ferrari by 288.9% in the first quarter. GW&K Investment Management LLC now owns 70 shares of the company’s stock valued at $30,000 after buying an additional 52 shares during the period. Park Square Financial Group LLC acquired a new position in Ferrari in the fourth quarter valued at approximately $32,000. Alpine Bank Wealth Management acquired a new position in shares of Ferrari during the first quarter worth approximately $33,000. Brooklyn Investment Group raised its position in shares of Ferrari by 381.3% during the first 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. Finally, Webster Bank N. A. acquired a new position in shares of Ferrari during the first quarter worth approximately $43,000.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on RACE shares. Zacks Research lowered Ferrari from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 29th. Cfra Research lowered Ferrari from a “hold” rating to a “moderate sell” rating in a research report on Thursday, July 31st. Citigroup reaffirmed a “sell” rating on shares of Ferrari in a research report on Monday, August 11th. UBS Group upped their target price on Ferrari from $540.00 to $570.00 and gave the stock a “buy” rating in a research report on Wednesday, September 3rd. Finally, Deutsche Bank Aktiengesellschaft raised Ferrari from a “hold” rating to a “buy” rating in a research report on Tuesday, September 2nd. Seven research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $531.67.

Ferrari Trading Down 0.3%

NYSE RACE opened at $477.89 on Monday. The firm has a market capitalization of $115.83 billion, a P/E ratio of 49.32, a PEG ratio of 5.45 and a beta of 1.09. The business has a fifty day simple moving average of $478.37 and a 200 day simple moving average of $466.15. Ferrari N.V. has a 12 month low of $391.54 and a 12 month high of $519.10. 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 released its quarterly earnings results on Thursday, July 31st. The company reported $2.70 EPS for the quarter, beating analysts’ consensus estimates of $2.57 by $0.13. The business had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.05 billion. Ferrari had a return on equity of 45.41% and a net margin of 22.95%.Ferrari’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.29 EPS. Ferrari has set its FY 2025 guidance at 9.751- EPS. On average, analysts predict that Ferrari N.V. will post 9.22 EPS for the current fiscal year.

Ferrari Profile

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.