Holley (NYSE:HLLY) Given New $4.50 Price Target at Benchmark

Holley (NYSE:HLLY) had its price target hoisted by Benchmark from $4.00 to $4.50 in a research note published on Monday morning, MarketBeat Ratings reports. They currently have a buy rating on the stock.

HLLY has been the subject of several other reports. Canaccord Genuity Group raised their target price on Holley from $5.00 to $6.00 and gave the stock a “buy” rating in a research report on Thursday, August 7th. Telsey Advisory Group raised their price objective on shares of Holley from $3.50 to $5.00 and gave the stock an “outperform” rating in a report on Friday. Raymond James Financial lifted their target price on shares of Holley from $2.25 to $3.00 and gave the company an “outperform” rating in a research report on Thursday, August 7th. Weiss Ratings reissued a “sell (d)” rating on shares of Holley in a research report on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of Holley from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $4.50.

Holley Stock Up 0.3%

NYSE HLLY opened at $3.63 on Monday. Holley has a twelve month low of $1.60 and a twelve month high of $4.09. The stock has a market cap of $437.42 million, a PE ratio of -16.50 and a beta of 1.36. The firm has a 50-day simple moving average of $3.17 and a 200 day simple moving average of $2.68. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.18 and a current ratio of 2.93.

Holley (NYSE:HLLY) last posted its quarterly earnings results on Friday, November 7th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01). Holley had a negative net margin of 4.16% and a positive return on equity of 6.80%. The firm had revenue of $138.37 million during the quarter, compared to analyst estimates of $132.36 million. Holley has set its FY 2025 guidance at EPS. On average, research analysts forecast that Holley will post 0.12 EPS for the current year.

Insiders Place Their Bets

In other news, Director David S. Lobel sold 2,100,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $2.63, for a total transaction of $5,523,000.00. Following the completion of the sale, the director owned 24,654,834 shares of the company’s stock, valued at approximately $64,842,213.42. This trade represents a 7.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 4.30% of the company’s stock.

Institutional Investors Weigh In On Holley

Large investors have recently bought and sold shares of the business. Cerity Partners LLC acquired a new stake in Holley during the 2nd quarter valued at $25,000. Nisa Investment Advisors LLC grew its holdings in shares of Holley by 994.4% during the first quarter. Nisa Investment Advisors LLC now owns 16,536 shares of the company’s stock worth $42,000 after purchasing an additional 15,025 shares during the last quarter. Captrust Financial Advisors bought a new stake in shares of Holley during the second quarter worth $44,000. Brevan Howard Capital Management LP increased its stake in shares of Holley by 103.4% in the second quarter. Brevan Howard Capital Management LP now owns 22,607 shares of the company’s stock valued at $45,000 after buying an additional 11,494 shares in the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in shares of Holley in the second quarter valued at about $47,000. 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.