Hyliion (NYSE:HYLN) Cut to Sell at Wall Street Zen

Wall Street Zen cut shares of Hyliion (NYSE:HYLN) from a hold rating to a sell rating in a research note issued to investors on Saturday morning.

Separately, Johnson Rice began coverage on shares of Hyliion in a research note on Tuesday, October 21st. They set a “buy” rating and a $5.00 target price on the stock. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $5.00.

Hyliion Stock Performance

Shares of NYSE HYLN opened at $1.93 on Friday. The company has a market capitalization of $339.63 million, a PE ratio of -5.22 and a beta of 2.50. The company’s fifty day moving average price is $1.98 and its 200 day moving average price is $1.78. Hyliion has a 1 year low of $1.11 and a 1 year high of $2.79.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. CIBC Bancorp USA Inc. acquired a new stake in Hyliion in the 3rd quarter worth about $26,000. Mercer Global Advisors Inc. ADV purchased a new position in shares of Hyliion in the third quarter valued at approximately $66,000. Alliancebernstein L.P. boosted its stake in shares of Hyliion by 7.0% in the third quarter. Alliancebernstein L.P. now owns 152,020 shares of the company’s stock worth $299,000 after acquiring an additional 10,000 shares during the last quarter. Two Sigma Investments LP acquired a new stake in shares of Hyliion in the third quarter worth approximately $79,000. Finally, Banco BTG Pactual S.A. purchased a new stake in shares of Hyliion during the third quarter worth approximately $37,000. 22.81% of the stock is owned by hedge funds and other institutional investors.

Hyliion Company Profile

Hyliion Holdings Corp. develops electrified powertrain solutions aimed at reducing fuel consumption and emissions for Class 8 commercial vehicles. Its flagship offerings include the Hypertruck ERX electric axle and hybrid powertrain systems that integrate battery packs with onboard natural gas generators. These modular solutions are designed to retrofit existing diesel trucks or to be incorporated by original equipment manufacturers, allowing fleets to transition toward lower-carbon operations without replacing entire fleets.

Founded in 2015 by Thomas Healy and based in Austin, Texas, Hyliion went public in 2020 via a special purpose acquisition company (SPAC) merger.