Holley (NYSE:HLLY) Receives “Outperform” Rating from Telsey Advisory Group

Telsey Advisory Group restated their outperform rating on shares of Holley (NYSE:HLLYFree Report) in a research report sent to investors on Tuesday, Benzinga reports. They currently have a $6.50 price objective on the stock.

Several other analysts have also recently weighed in on HLLY. Benchmark reiterated a buy rating and issued a $12.00 price objective on shares of Holley in a research note on Thursday, March 28th. Truist Financial dropped their target price on shares of Holley from $9.00 to $8.00 and set a buy rating for the company in a research report on Thursday, February 29th. JPMorgan Chase & Co. cut shares of Holley from an overweight rating to a neutral rating and dropped their target price for the company from $6.50 to $5.00 in a research report on Tuesday, February 20th. Finally, Canaccord Genuity Group dropped their target price on shares of Holley from $9.00 to $8.00 and set a buy rating for the company in a research report on Thursday, February 29th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of Moderate Buy and a consensus price target of $7.47.

Check Out Our Latest Stock Report on Holley

Holley Stock Performance

Shares of HLLY stock opened at $3.74 on Tuesday. The company has a market capitalization of $445.63 million, a price-to-earnings ratio of 23.34 and a beta of 1.49. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.04 and a current ratio of 2.85. The company has a 50-day simple moving average of $4.07 and a 200 day simple moving average of $4.38. Holley has a 52 week low of $3.23 and a 52 week high of $8.06.

Insider Buying and Selling

In other Holley news, Director Graham Clempson bought 59,076 shares of Holley stock in a transaction on Thursday, March 14th. The shares were purchased at an average cost of $4.18 per share, with a total value of $246,937.68. Following the acquisition, the director now directly owns 63,851 shares of the company’s stock, valued at approximately $266,897.18. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.92% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Holley

A number of institutional investors have recently modified their holdings of the company. Bamco Inc. NY boosted its stake in shares of Holley by 11.1% in the 3rd quarter. Bamco Inc. NY now owns 5,000,000 shares of the company’s stock valued at $24,950,000 after purchasing an additional 500,000 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Holley by 1.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 4,180,819 shares of the company’s stock worth $18,646,000 after acquiring an additional 47,070 shares in the last quarter. Norden Group LLC boosted its stake in Holley by 1,717.0% during the first quarter. Norden Group LLC now owns 616,196 shares of the company’s stock worth $2,748,000 after acquiring an additional 582,283 shares in the last quarter. Skylands Capital LLC boosted its stake in Holley by 7.2% during the fourth quarter. Skylands Capital LLC now owns 589,400 shares of the company’s stock worth $2,870,000 after acquiring an additional 39,600 shares in the last quarter. Finally, Sei Investments Co. boosted its stake in Holley by 1.3% during the first quarter. Sei Investments Co. now owns 403,759 shares of the company’s stock worth $1,801,000 after acquiring an additional 5,000 shares in the last quarter. 39.70% of the stock is owned by institutional investors.

About Holley

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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.

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Analyst Recommendations for Holley (NYSE:HLLY)

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