Holley Inc. (NYSE:HLLY) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Holley Inc. (NYSE:HLLY) have been assigned a consensus rating of “Moderate Buy” from the seven brokerages that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $6.39.

Several analysts have issued reports on HLLY shares. Benchmark reissued a “buy” rating and set a $12.00 target price on shares of Holley in a research note on Wednesday, September 4th. Truist Financial dropped their price target on Holley from $8.00 to $7.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Raymond James decreased their price objective on Holley from $5.25 to $4.25 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Canaccord Genuity Group dropped their target price on Holley from $8.00 to $7.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, Telsey Advisory Group reduced their price target on shares of Holley from $5.50 to $4.50 and set an “outperform” rating for the company in a research report on Monday.

Holley Price Performance

Shares of NYSE:HLLY opened at $2.74 on Wednesday. The company has a market capitalization of $328.20 million, a PE ratio of 21.08 and a beta of 1.45. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.19 and a current ratio of 2.80. The stock has a fifty day moving average of $2.92 and a 200-day moving average of $3.34. Holley has a one year low of $2.29 and a one year high of $5.23.

Holley (NYSE:HLLY) last announced its earnings results on Friday, November 8th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.04). The company had revenue of $134.00 million for the quarter, compared to analysts’ expectations of $142.53 million. Holley had a net margin of 3.56% and a return on equity of 3.51%. The company’s revenue for the quarter was down 14.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.03 earnings per share. As a group, equities analysts anticipate that Holley will post 0.19 EPS for the current fiscal year.

Institutional Investors Weigh In On Holley

Several large investors have recently made changes to their positions in HLLY. Squarepoint Ops LLC lifted its stake in Holley by 3.3% in the second quarter. Squarepoint Ops LLC now owns 136,795 shares of the company’s stock valued at $490,000 after acquiring an additional 4,413 shares during the last quarter. Algert Global LLC increased its position in Holley by 31.1% during the second quarter. Algert Global LLC now owns 20,781 shares of the company’s stock worth $74,000 after buying an additional 4,924 shares during the last quarter. Sei Investments Co. increased its position in Holley by 1.3% during the first quarter. Sei Investments Co. now owns 403,759 shares of the company’s stock worth $1,801,000 after buying an additional 5,000 shares during the last quarter. ClariVest Asset Management LLC raised its holdings in Holley by 1.8% during the second quarter. ClariVest Asset Management LLC now owns 308,456 shares of the company’s stock valued at $1,104,000 after buying an additional 5,431 shares in the last quarter. Finally, Lazard Asset Management LLC acquired a new stake in shares of Holley in the first quarter worth about $43,000. Institutional investors own 39.70% of the company’s stock.

Holley Company Profile

Holley Inc operates as designer, manufacturer, and marketer of automotive aftermarket products for car and truck enthusiasts in the United States, Canada, Europe, and China. Its products span various automotive platforms and sells across multiple channels. The company's performance automotive products include carburetors, fuel pumps, fuel injection systems, nitrous oxide injection systems, superchargers, exhaust headers, mufflers, distributors, ignition components, engine tuners, automotive performance plumbing products; and exhaust products, as well as shifters, converters, transmission kits, transmissions, tuners, and automotive software.