Hyliion (NYSE:HYLN) Lowered to Sell Rating by Wall Street Zen

Key Points

• Hyliion's stock rating has been downgraded from "hold" to "sell" by analysts at Wall Street Zen, raising concerns among investors.
• Despite the downgrade, Zacks Research has upgraded its rating from "strong sell" to "hold," indicating mixed analyst sentiments.
• Insider trading activity showed Director Richard Joseph Freeland increased his stake by 41.19% after purchasing 65,000 shares of the company at $1.57 per share.

Hyliion (NYSE:HYLN - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a note issued to investors on Sunday.

Separately, Zacks Research upgraded shares of Hyliion from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 13th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold".

Hyliion Trading Up 11.4%

NYSE:HYLN opened at $1.76 on Friday. The firm has a market capitalization of $307.68 million, a PE ratio of -4.76 and a beta of 2.73. The stock has a 50 day moving average of $1.52 and a 200-day moving average of $1.55. Hyliion has a 52 week low of $1.11 and a 52 week high of $4.0950.

Insider Activity at Hyliion

In other news, Director Richard Joseph Freeland acquired 65,000 shares of the firm's stock in a transaction that occurred on Thursday, August 21st. The stock was purchased at an average price of $1.57 per share, with a total value of $102,050.00. Following the purchase, the director owned 222,798 shares of the company's stock, valued at approximately $349,792.86. This trade represents a 41.19% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 20.90% of the company's stock.

Institutional Trading of Hyliion

A number of hedge funds have recently modified their holdings of HYLN. Squarepoint Ops LLC raised its holdings in shares of Hyliion by 492.0% during the fourth quarter. Squarepoint Ops LLC now owns 239,009 shares of the company's stock worth $624,000 after acquiring an additional 198,633 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Hyliion by 405.6% during the fourth quarter. JPMorgan Chase & Co. now owns 321,008 shares of the company's stock worth $838,000 after acquiring an additional 257,514 shares in the last quarter. GSA Capital Partners LLP raised its holdings in shares of Hyliion by 3,622.6% during the first quarter. GSA Capital Partners LLP now owns 449,498 shares of the company's stock worth $629,000 after acquiring an additional 437,423 shares in the last quarter. BNP Paribas Financial Markets purchased a new stake in shares of Hyliion during the fourth quarter worth $942,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Hyliion by 628.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 513,927 shares of the company's stock worth $1,335,000 after acquiring an additional 443,412 shares in the last quarter. Hedge funds and other institutional investors own 22.81% of the company's stock.

Hyliion Company Profile

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