Holley Inc. (NYSE:HLLY) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Holley Inc. (NYSE:HLLY) have earned an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $4.90.

Several analysts have weighed in on the stock. Weiss Ratings cut shares of Holley from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 6th. Canaccord Genuity Group dropped their price objective on shares of Holley from $8.00 to $7.00 and set a “buy” rating for the company in a research note on Thursday, May 7th. Benchmark dropped their price objective on shares of Holley from $4.50 to $4.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Raymond James Financial set a $4.00 price objective on shares of Holley in a research note on Thursday, May 7th. Finally, DA Davidson set a $4.50 price objective on shares of Holley in a research note on Thursday, March 5th.

Institutional Trading of Holley

Hedge funds and other institutional investors have recently bought and sold shares of the business. Blue Owl Capital Holdings LP raised its stake in Holley by 18.2% in the 3rd quarter. Blue Owl Capital Holdings LP now owns 4,862,361 shares of the company’s stock worth $15,268,000 after purchasing an additional 750,000 shares in the last quarter. Monashee Investment Management LLC bought a new position in Holley in the 3rd quarter valued at about $1,099,000. Roubaix Capital LLC bought a new position in Holley in the 3rd quarter valued at about $2,431,000. Advisory Research Inc. bought a new position in Holley in the 3rd quarter valued at about $7,065,000. Finally, Intrinsic Edge Capital Management LLC bought a new position in Holley in the 3rd quarter valued at about $567,000. Institutional investors and hedge funds own 39.70% of the company’s stock.

Holley Stock Performance

NYSE HLLY opened at $2.66 on Monday. The firm has a 50-day moving average of $3.08 and a 200-day moving average of $3.67. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.07 and a current ratio of 3.17. The stock has a market cap of $322.48 million, a PE ratio of 13.97 and a beta of 1.40. Holley has a 52-week low of $1.90 and a 52-week high of $4.48.

Holley (NYSE:HLLY) last posted its earnings results on Wednesday, May 6th. The company reported $0.05 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.05. Holley had a net margin of 3.89% and a return on equity of 5.46%. The company had revenue of $147.33 million during the quarter, compared to analysts’ expectations of $152.06 million. On average, sell-side analysts anticipate that Holley will post 0.3 EPS for the current year.

About Holley

Holley Inc is a designer, manufacturer and marketer of high‐performance automotive products for the enthusiast market. Through its portfolio of well‐known brands, the company develops fuel delivery systems, intake manifolds, ignition components, nitrous oxide systems, digital controls and other engine‐dress accessories tailored to both street and competition applications. Holley’s products are sold through a network of domestic and international distributors, retailers and directly to professional race teams and hobbyists.

The company’s product offerings span mechanical and electronic fuel injection, carburetion, engine management, add‐on power systems and calibration tools.