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

Holley Inc. (NYSE:HLLY) has been given a consensus recommendation of “Moderate Buy” by the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $6.63.

Several research analysts have weighed in on HLLY shares. Telsey Advisory Group lowered their price target on Holley from $5.50 to $4.50 and set an “outperform” rating on the stock in a research report on Monday, November 11th. Benchmark reaffirmed a “buy” rating and set a $12.00 price target on shares of Holley in a research report on Wednesday, September 4th.

Holley Stock Up 0.4 %

Shares of Holley stock opened at $2.86 on Friday. The business’s 50 day simple moving average is $2.79 and its 200 day simple moving average is $3.18. Holley has a 52-week low of $2.29 and a 52-week high of $5.23. The firm has a market cap of $342.62 million, a PE ratio of 22.00 and a beta of 1.47. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.17 and a current ratio of 2.93.

Holley (NYSE:HLLY) last announced its earnings results on Friday, November 8th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.04). The firm had revenue of $134.00 million during the quarter, compared to analyst estimates of $142.53 million. Holley had a net margin of 2.55% and a return on equity of 2.59%. The firm’s quarterly revenue was down 14.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.03 EPS. On average, analysts predict that Holley will post 0.12 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Verition Fund Management LLC bought a new position in shares of Holley during the 3rd quarter worth approximately $35,000. Intech Investment Management LLC bought a new position in shares of Holley during the 3rd quarter worth approximately $41,000. Vanguard Personalized Indexing Management LLC bought a new position in shares of Holley during the 2nd quarter worth approximately $42,000. SG Americas Securities LLC bought a new position in shares of Holley during the 3rd quarter worth approximately $52,000. Finally, Virtu Financial LLC bought a new position in shares of Holley during the 3rd quarter worth approximately $54,000. 39.70% of the stock is currently owned by institutional investors.

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.