Holley Inc. (NYSE:HLLY) Receives $5.00 Average PT from Brokerages

Shares of Holley Inc. (NYSE:HLLY) have received an average recommendation of “Moderate Buy” from the six analysts that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $5.00.

HLLY has been the topic of several research reports. Telsey Advisory Group restated an “outperform” rating and set a $5.00 price objective on shares of Holley in a report on Thursday, March 5th. Weiss Ratings raised Holley from a “sell (d)” rating to a “hold (c)” rating in a research report on Monday, March 23rd. Canaccord Genuity Group boosted their price target on Holley from $7.00 to $8.00 and gave the company a “buy” rating in a research note on Wednesday, February 18th. Finally, DA Davidson set a $4.50 price target on Holley in a report on Thursday, March 5th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. State of Alaska Department of Revenue bought a new stake in Holley in the 4th quarter valued at $35,000. Schonfeld Strategic Advisors LLC bought a new position in shares of Holley during the 3rd quarter worth about $34,000. Sherbrooke Park Advisers LLC bought a new position in shares of Holley during the 3rd quarter worth about $38,000. Cerity Partners LLC acquired a new stake in shares of Holley during the 2nd quarter valued at about $25,000. Finally, ProShare Advisors LLC boosted its position in shares of Holley by 37.1% during the 4th quarter. ProShare Advisors LLC now owns 13,961 shares of the company’s stock valued at $58,000 after acquiring an additional 3,777 shares in the last quarter. 39.70% of the stock is owned by institutional investors.

Holley Stock Up 8.3%

Shares of HLLY stock opened at $3.34 on Thursday. The business’s fifty day moving average is $3.46 and its 200-day moving average is $3.66. The stock has a market cap of $403.33 million, a PE ratio of 22.23 and a beta of 1.42. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.96 and a current ratio of 2.75. Holley has a 1 year low of $1.60 and a 1 year high of $4.48.

Holley (NYSE:HLLY) last released its earnings results on Wednesday, March 4th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.05). Holley had a net margin of 3.13% and a return on equity of 4.84%. The company had revenue of $155.44 million for the quarter, compared to analyst estimates of $142.76 million. Equities analysts expect that Holley will post 0.12 earnings per share for the current fiscal year.

About Holley

Holley Inc is a designer, manufacturer and marketer of high?performance automotive products for the enthusiast market. Through its portfolio of well?known brands, the company develops fuel delivery systems, intake manifolds, ignition components, nitrous oxide systems, digital controls and other engine?dress accessories tailored to both street and competition applications. Holley’s products are sold through a network of domestic and international distributors, retailers and directly to professional race teams and hobbyists.

The company’s product offerings span mechanical and electronic fuel injection, carburetion, engine management, add?on power systems and calibration tools.