Insider Buying: Hyliion (NYSEAMERICAN:HYLN) Director Acquires $170,000.00 in Stock

Key Points

• Director Vincent Cubbage purchased 50,000 Hyliion shares at an average price of $3.40, investing $170,000 and increasing his stake by 4.62% to 1,131,363 shares.
• Hyliion shares rose 2.7% to $3.41, but the company continues to report losses, including negative margins and analysts’ projected full-year loss of $0.31 per share.
• Wall Street remains optimistic: analysts maintain a consensus “Buy” rating with an $8.00 price target, while institutional investors own 22.81% of the company.

Hyliion Holdings Corp. (NYSEAMERICAN:HYLN - Get Free Report) Director Vincent Cubbage bought 50,000 shares of Hyliion stock in a transaction that occurred on Thursday, August 27th. The stock was purchased at an average price of $3.40 per share, for a total transaction of $170,000.00. Following the acquisition, the director directly owned 1,131,363 shares of the company's stock, valued at $3,846,634.20. The trade was a 4.62% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Hyliion Trading Up 2.7%

NYSEAMERICAN:HYLN traded up $0.09 on Thursday, hitting $3.41. 1,546,823 shares of the stock were exchanged, compared to its average volume of 2,720,796. The stock has a market cap of $609.03 million, a PE ratio of -11.37 and a beta of 3.52. The stock has a fifty day moving average of $4.24 and a 200-day moving average of $3.54. Hyliion Holdings Corp. has a fifty-two week low of $1.56 and a fifty-two week high of $8.49.

Hyliion (NYSEAMERICAN:HYLN - Get Free Report) last released its quarterly earnings data on Tuesday, August 11th. The company reported ($0.08) EPS for the quarter, hitting analysts' consensus estimates of ($0.08). Hyliion had a negative return on equity of 27.94% and a negative net margin of 564.34%.The company had revenue of $4.94 million for the quarter, compared to the consensus estimate of $2.40 million. As a group, analysts predict that Hyliion Holdings Corp. will post -0.31 earnings per share for the current year.

Institutional Investors Weigh In On Hyliion

Large investors have recently modified their holdings of the stock. CIBC Bancorp USA Inc. acquired a new position in Hyliion during the 3rd quarter worth approximately $26,000. Cubist Systematic Strategies LLC acquired a new stake in Hyliion in the first quarter valued at approximately $26,000. Hsbc Holdings PLC acquired a new stake in Hyliion in the first quarter valued at approximately $27,000. Brevan Howard Capital Management LP purchased a new stake in shares of Hyliion during the second quarter valued at approximately $30,000. Finally, XTX Topco Ltd purchased a new stake in shares of Hyliion during the second quarter valued at approximately $34,000. Institutional investors and hedge funds own 22.81% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Northland Securities upgraded shares of Hyliion from a "market perform" rating to an "outperform" rating and set a $10.00 price objective for the company in a research note on Thursday, August 13th. Needham & Company LLC started coverage on shares of Hyliion in a report on Wednesday, June 10th. They set a "buy" rating and a $9.00 target price on the stock. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $8.00.

About Hyliion

Hyliion Holdings Corp. develops electrified powertrain solutions aimed at reducing fuel consumption and emissions for Class 8 commercial vehicles. Its flagship offerings include the Hypertruck ERX electric axle and hybrid powertrain systems that integrate battery packs with onboard natural gas generators. These modular solutions are designed to retrofit existing diesel trucks or to be incorporated by original equipment manufacturers, allowing fleets to transition toward lower-carbon operations without replacing entire fleets.

Founded in 2015 by Thomas Healy and based in Austin, Texas, Hyliion went public in 2020 via a special purpose acquisition company (SPAC) merger.

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