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

Holley Inc. (NYSE:HLLY) has earned a consensus recommendation of “Moderate Buy” from the seven analysts that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $6.54.

A number of equities analysts have issued reports on the stock. Telsey Advisory Group reaffirmed an “outperform” rating and set a $5.50 price objective on shares of Holley in a report on Monday, September 9th. Canaccord Genuity Group cut their price target on shares of Holley from $8.00 to $7.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Truist Financial decreased their price objective on shares of Holley from $8.00 to $7.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Raymond James cut their target price on Holley from $5.25 to $4.25 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Finally, Benchmark reaffirmed a “buy” rating and set a $12.00 price target on shares of Holley in a research report on Wednesday, September 4th.

Hedge Funds Weigh In On Holley

Several institutional investors have recently bought and sold shares of HLLY. Vanguard Personalized Indexing Management LLC bought a new stake in shares of Holley in the second quarter valued at $42,000. Lazard Asset Management LLC bought a new stake in Holley in the 1st quarter valued at about $43,000. SG Americas Securities LLC purchased a new stake in Holley during the third quarter valued at about $52,000. Algert Global LLC boosted 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 purchasing an additional 4,924 shares during the period. Finally, Norden Group LLC increased its stake in shares of Holley by 28.8% in the first quarter. Norden Group LLC now owns 43,694 shares of the company’s stock worth $195,000 after purchasing an additional 9,781 shares in the last quarter. Hedge funds and other institutional investors own 39.70% of the company’s stock.

Holley Trading Up 0.5 %

NYSE:HLLY opened at $2.75 on Friday. Holley has a one year low of $2.69 and a one year high of $5.23. The company has a market cap of $327.51 million, a PE ratio of 17.16 and a beta of 1.43. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.80 and a quick ratio of 1.19. The firm has a 50-day moving average of $3.03 and a 200-day moving average of $3.48.

Holley (NYSE:HLLY) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.10 EPS for the quarter, hitting analysts’ consensus estimates of $0.10. Holley had a return on equity of 3.51% and a net margin of 3.56%. The firm had revenue of $169.50 million during the quarter, compared to analyst estimates of $170.40 million. During the same period in the previous year, the company posted $0.14 EPS. The company’s revenue for the quarter was down 3.3% on a year-over-year basis. As a group, equities research analysts expect that Holley will post 0.19 EPS for the current fiscal year.

About Holley

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.