Holley Inc. (NYSE:HLLY) Stock Has Consensus Price Target of $4.90

by · The Markets Daily

Shares of Holley Inc. (NYSE:HLLY – Get Free Report) have received a consensus recommendation of “Hold” from the seven research firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $4.90.

Several research firms recently commented on HLLY. Canaccord Genuity Group restated a “buy” rating and set a $7.00 price target on shares of Holley in a research report on Monday, June 29th. Weiss Ratings downgraded shares of Holley from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, August 6th. Zacks Research lowered shares of Holley from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Wall Street Zen upgraded Holley from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Finally, Freedom Capital lowered Holley from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 13th.

Check Out Our Latest Analysis on Holley

Holley Trading Up 1.4%

Shares of NYSE:HLLY opened at $2.48 on Thursday. Holley has a 12-month low of $2.25 and a 12-month high of $4.48. The company has a market capitalization of $300.04 million, a PE ratio of 30.94 and a beta of 1.39. The business has a 50 day moving average of $2.78 and a two-hundred day moving average of $2.77. The company has a current ratio of 3.06, a quick ratio of 1.39 and a debt-to-equity ratio of 1.15.

Holley (NYSE:HLLY – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.08. Holley had a net margin of 1.68% and a return on equity of 8.41%. The business had revenue of $172.01 million for the quarter, compared to analysts’ expectations of $172.63 million. As a group, analysts forecast that Holley will post 0.39 EPS for the current year.

Institutional Trading of Holley

Several institutional investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC raised its stake in shares of Holley by 1.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 9,823,903 shares of the company’s stock worth $30,749,000 after buying an additional 122,331 shares during the period. BlackRock Inc. purchased a new position in shares of Holley during the 2nd quarter valued at approximately $14,361,000. Wasatch Advisors LP grew its stake in Holley by 35.1% in the 2nd quarter. Wasatch Advisors LP now owns 4,887,038 shares of the company’s stock valued at $12,462,000 after acquiring an additional 1,269,256 shares during the period. Blue Owl Capital Holdings LP acquired a new stake in Holley in the 2nd quarter valued at $11,161,000. Finally, Bamco Inc. NY purchased a new stake in Holley in the 2nd quarter worth $8,288,000. 39.70% of the stock is owned by institutional investors and hedge funds.

About Holley

(Get Free Report)

Holley Inc (NYSE:HLLY) is an automotive aftermarket company that develops, manufactures and distributes performance products for enthusiasts, racers and professional automotive customers. Its offerings are designed for street performance, racing, off-road applications and vehicle restoration.

The company’s product portfolio includes fuel systems, electronic fuel injection and engine-management systems, ignition products, exhaust components, intake systems, engine parts, suspension products, wheels, safety equipment and related accessories.

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