Holley (NYSE:HLLY) Given Outperform Rating at Telsey Advisory Group

Key Points

• Telsey Advisory Group has reaffirmed Holley's (HLLY) "outperform" rating with a target price of $2.75, suggesting a potential upside of 26.15% from its previous close.
• While one analyst has rated Holley with a hold rating, four others have given it buy ratings, resulting in a consensus rating of "Moderate Buy" and an average price target of $3.85.
• Holley's stock recently opened at $2.18 and has seen fluctuations, with a 1-year low of $1.60 and a high of $4.05.

Telsey Advisory Group reaffirmed their outperform rating on shares of Holley (NYSE:HLLY - Free Report) in a research note issued to investors on Thursday morning,Benzinga reports. They currently have a $2.75 price target on the stock.

HLLY has been the subject of several other reports. Benchmark cut Holley from a "buy" rating to a "hold" rating and set a $5.00 price objective for the company. in a research report on Friday, May 9th. Truist Financial cut their price target on Holley from $5.00 to $3.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, Canaccord Genuity Group dropped their price target on Holley from $6.00 to $5.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $3.85.

Holley Trading Up 0.3%

Shares of HLLY stock traded up $0.01 during trading hours on Thursday, hitting $2.00. 509,409 shares of the company were exchanged, compared to its average volume of 512,722. The company has a quick ratio of 0.98, a current ratio of 2.86 and a debt-to-equity ratio of 1.28. Holley has a 1 year low of $1.60 and a 1 year high of $3.55. The firm has a fifty day moving average of $2.13 and a 200 day moving average of $2.38. The firm has a market cap of $239.76 million, a PE ratio of -9.50 and a beta of 1.35.

Holley (NYSE:HLLY - Get Free Report) last posted its quarterly earnings results on Wednesday, May 14th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.03). The business had revenue of $153.04 million during the quarter, compared to analyst estimates of $148.52 million. Holley had a negative net margin of 4.05% and a positive return on equity of 6.18%. Analysts expect that Holley will post 0.12 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. BNP Paribas Financial Markets purchased a new stake in Holley in the 4th quarter worth $26,000. ProShare Advisors LLC purchased a new position in Holley in the 4th quarter worth about $40,000. Nisa Investment Advisors LLC grew its position in shares of Holley by 994.4% during the 1st quarter. Nisa Investment Advisors LLC now owns 16,536 shares of the company's stock worth $42,000 after buying an additional 15,025 shares in the last quarter. O Shaughnessy Asset Management LLC bought a new position in Holley in the fourth quarter worth approximately $80,000. Finally, KPP Advisory Services LLC purchased a new position in shares of Holley in the 1st quarter worth approximately $99,000. 39.70% of the stock is owned by hedge funds and other institutional investors.

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.