Telsey Advisory Group Issues Positive Forecast for Holley (NYSE:HLLY) Stock Price

Holley (NYSE:HLLY) had its price objective boosted by Telsey Advisory Group from $3.50 to $5.00 in a report released on Friday,Benzinga reports. The firm currently has an outperform rating on the stock.

Other analysts also recently issued reports about the stock. Benchmark raised shares of Holley from a “hold” rating to a “buy” rating and set a $4.00 price target on the stock in a research note on Friday, August 8th. Raymond James Financial raised their price objective on shares of Holley from $2.25 to $3.00 and gave the stock an “outperform” rating in a report on Thursday, August 7th. Wall Street Zen raised shares of Holley from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Weiss Ratings reiterated a “sell (d)” rating on shares of Holley in a report on Wednesday, October 8th. Finally, Canaccord Genuity Group boosted their price target on Holley from $5.00 to $6.00 and gave the company a “buy” rating in a report on Thursday, August 7th. Five analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $4.20.

Holley Trading Up 35.0%

NYSE:HLLY traded up $0.96 on Friday, reaching $3.69. The company’s stock had a trading volume of 20,795,978 shares, compared to its average volume of 475,284. Holley has a 1-year low of $1.60 and a 1-year high of $4.09. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.18 and a current ratio of 2.93. The firm has a market cap of $444.04 million, a PE ratio of -14.17 and a beta of 1.36. The business’s 50-day moving average price is $3.17 and its two-hundred day moving average price is $2.66.

Holley (NYSE:HLLY) last released its quarterly earnings results on Friday, November 7th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). Holley had a positive return on equity of 5.81% and a negative net margin of 5.12%.The business had revenue of $138.37 million for the quarter, compared to analyst estimates of $132.36 million. Holley has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Holley will post 0.12 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director David S. Lobel sold 2,100,000 shares of the firm’s stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $2.63, for a total value of $5,523,000.00. Following the completion of the transaction, the director owned 24,654,834 shares in the company, valued at $64,842,213.42. This trade represents a 7.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.92% of the stock is owned by company insiders.

Institutional Investors Weigh In On Holley

Several large investors have recently made changes to their positions in HLLY. Nuveen LLC acquired a new position in Holley during the first quarter worth $515,000. Charles Schwab Investment Management Inc. grew its position in shares of Holley by 20.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 473,950 shares of the company’s stock valued at $1,218,000 after acquiring an additional 80,366 shares during the period. Russell Investments Group Ltd. increased its stake in shares of Holley by 12.4% during the 1st quarter. Russell Investments Group Ltd. now owns 920,936 shares of the company’s stock worth $2,367,000 after purchasing an additional 101,800 shares during the last quarter. M&T Bank Corp raised its holdings in shares of Holley by 40.0% in the 1st quarter. M&T Bank Corp now owns 56,331 shares of the company’s stock valued at $145,000 after purchasing an additional 16,089 shares during the period. Finally, Boston Partners raised its holdings in shares of Holley by 65.5% in the 1st quarter. Boston Partners now owns 2,600,799 shares of the company’s stock valued at $6,680,000 after purchasing an additional 1,029,495 shares during the period. Institutional investors and hedge funds own 39.70% of the company’s stock.

Holley Company Profile

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.