Holley (NYSE:HLLY – Get Free Report)‘s stock had its “buy” rating reissued by equities research analysts at Canaccord Genuity Group in a research note issued on Friday, Benzinga reports. They currently have a $8.00 price target on the stock. Canaccord Genuity Group’s price objective indicates a potential upside of 124.09% from the stock’s current price.
HLLY has been the subject of several other research reports. Truist Financial reduced their target price on shares of Holley from $9.00 to $8.00 and set a “buy” rating for the company in a report on Thursday, February 29th. Benchmark reissued a “buy” rating and issued a $12.00 price objective on shares of Holley in a report on Tuesday, June 18th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $6.50 price objective on shares of Holley in a report on Tuesday, June 4th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $7.47.
Read Our Latest Report on HLLY
Holley Stock Performance
Insider Transactions at Holley
In other news, Chairman Matthew E. Rubel purchased 14,493 shares of the business’s stock in a transaction dated Wednesday, June 12th. The stock was bought at an average price of $3.39 per share, with a total value of $49,131.27. Following the acquisition, the chairman now owns 169,979 shares in the company, valued at approximately $576,228.81. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.92% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Holley
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Lazard Asset Management LLC acquired a new position in Holley in the 1st quarter valued at approximately $43,000. Tower Research Capital LLC TRC increased its position in Holley by 410.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 13,516 shares of the company’s stock valued at $66,000 after acquiring an additional 10,867 shares during the period. Barclays PLC increased its position in Holley by 70.0% in the 3rd quarter. Barclays PLC now owns 17,870 shares of the company’s stock valued at $89,000 after acquiring an additional 7,356 shares during the period. SYSTM Wealth Solutions LLC acquired a new stake in shares of Holley during the first quarter worth $90,000. Finally, Numerai GP LLC acquired a new stake in shares of Holley during the third quarter worth $98,000. 39.70% of the stock is currently owned by institutional investors and hedge funds.
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.
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