Ferrari (NYSE:RACE) Shares Gap Down – Time to Sell?

Ferrari N.V. (NYSE:RACE)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $348.24, but opened at $333.29. Ferrari shares last traded at $332.93, with a volume of 526,130 shares traded.

Trending Headlines about Ferrari

Here are the key news stories impacting Ferrari this week:

• Positive Sentiment: CEO Benedetto Vigna said the Luce is already attracting orders from both existing Ferrari buyers and new customers, suggesting the controversial launch may still translate into sales. The Ferrari Luce Is Already Getting Orders, Says CEO after New EV Draws Criticism
• Positive Sentiment: Vigna also defended the Luce’s premium pricing, arguing the cost reflects innovation and Ferrari’s distinct product positioning rather than a mass-market EV strategy. Ferrari CEO defends $640,000 price tag for its first fully electric car
• Neutral Sentiment: Some coverage suggests the backlash may be noisy but not necessarily fatal to the investment case, with analysts noting Ferrari’s brand strength and the rarity factor could still support long-term demand. Why Ferrari’s rocky EV launch may not be the disaster investors fear
• Negative Sentiment: The biggest drag on the stock is the market’s sharp backlash to the Luce’s styling and identity shift, with critics and investors saying the EV doesn’t feel like a classic Ferrari and may damage the brand image. Ferrari aims to prove doubters wrong after divisive EV debut
• Negative Sentiment: Multiple reports say the unveiling wiped billions from Ferrari’s market value and triggered a selloff after the company’s first EV was mocked online and in the press. Ferrari’s first electric car divides opinion and wipes billions off its market value

Analyst Upgrades and Downgrades

Several research firms recently commented on RACE. UBS Group cut their price target on Ferrari from $555.00 to $483.00 and set a “buy” rating on the stock in a research note on Wednesday, April 1st. Jefferies Financial Group upgraded Ferrari from a “hold” rating to a “buy” rating in a research note on Tuesday, March 31st. Morgan Stanley set a $420.00 price target on Ferrari in a research note on Monday, February 16th. Citigroup upgraded Ferrari from a “sell” rating to a “neutral” rating in a research note on Thursday, February 12th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $410.00 price target on shares of Ferrari in a research note on Wednesday, February 11th. Three research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ferrari has a consensus rating of “Moderate Buy” and a consensus target price of $469.06.

Ferrari Price Performance

The company has a 50 day simple moving average of $339.88 and a 200-day simple moving average of $358.44. The stock has a market cap of $81.02 billion, a price-to-earnings ratio of 33.23, a PEG ratio of 3.13 and a beta of 0.95. The company has a quick ratio of 4.08, a current ratio of 5.20 and a debt-to-equity ratio of 0.72.

Institutional Trading of Ferrari

Institutional investors and hedge funds have recently bought and sold shares of the company. Westside Investment Management Inc. raised its stake in Ferrari by 100.0% during the third quarter. Westside Investment Management Inc. now owns 56 shares of the company’s stock valued at $27,000 after buying an additional 28 shares in the last quarter. Root Financial Partners LLC acquired a new stake in shares of Ferrari during the 3rd quarter worth approximately $28,000. Fideuram Asset Management Ireland dac acquired a new stake in shares of Ferrari during the 4th quarter worth approximately $29,000. Community Bank N.A. acquired a new stake in shares of Ferrari during the 3rd quarter worth approximately $33,000. Finally, Entrust Financial LLC acquired a new stake in shares of Ferrari during the 4th quarter worth approximately $33,000.

About Ferrari

Ferrari N.V. (NYSE: RACE) is an Italian luxury sports car manufacturer best known for designing, engineering and selling high-performance automobiles under the Ferrari marque. The company’s core business centers on the development and manufacture of premium sports cars and limited-series models, complemented by personalization and bespoke engineering services for high-net-worth clients. Ferrari also generates revenue from brand licensing, the sale of spare parts and accessories, aftersales services, and curated client experiences such as driving programs and factory visits.

Founded from the automotive activities of Enzo Ferrari, the first cars bearing the Ferrari name emerged in the late 1940s; the brand has since built a reputation for performance, craftsmanship and exclusivity.