Holley Inc. (NYSE:HLLY – Get Rating) has been assigned a consensus rating of "Moderate Buy" from the nine ratings firms that are covering the stock, Marketbeat 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 issued a report on the stock in the last year is $7.89.
HLLY has been the topic of a number of analyst reports. Benchmark dropped their price objective on shares of Holley to $8.00 in a research note on Thursday, November 17th. Truist Financial reduced their price target on Holley to $6.00 in a report on Thursday, November 17th. DA Davidson cut their price objective on Holley from $9.00 to $5.00 in a research report on Tuesday, November 15th. Telsey Advisory Group dropped their target price on Holley from $7.00 to $5.00 and set an "outperform" rating for the company in a research report on Tuesday. Finally, Raymond James lowered their price objective on Holley from $9.00 to $5.00 and set an "outperform" rating for the company in a research report on Tuesday, November 15th.
Get Holley alerts:Holley Stock Performance
HLLY stock opened at $2.50 on Wednesday. The firm has a market cap of $297.80 million, a price-to-earnings ratio of 4.10, a PEG ratio of 0.53 and a beta of 0.45. The firm has a 50-day simple moving average of $3.34 and a two-hundred day simple moving average of $6.48. Holley has a one year low of $2.29 and a one year high of $14.68. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.98 and a current ratio of 3.37.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the stock. M&T Bank Corp acquired a new stake in shares of Holley in the 3rd quarter worth about $299,000. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Holley by 111.3% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 14,322,712 shares of the company's stock worth $58,007,000 after buying an additional 7,543,324 shares during the period. BNP Paribas Arbitrage SNC acquired a new position in shares of Holley in the third quarter worth about $100,000. Neuberger Berman Group LLC lifted its position in shares of Holley by 666.4% in the third quarter. Neuberger Berman Group LLC now owns 105,893 shares of the company's stock worth $429,000 after purchasing an additional 92,076 shares in the last quarter. Finally, Alliancebernstein L.P. purchased a new stake in shares of Holley in the third quarter worth approximately $90,000.Holley Company Profile
(Get Rating)
Holley Inc designs, manufactures, and markets automotive aftermarket products for car and truck enthusiasts in the United States, Canada, Europe, and China. The company's 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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