Holley Inc. (NYSE:HLLY) Receives $4.67 Average Price Target from Brokerages

Holley Inc. (NYSE:HLLY) has been given an average recommendation of “Moderate Buy” by the seven analysts that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $4.6667.

A number of brokerages have issued reports on HLLY. Benchmark boosted their price objective on shares of Holley from $4.00 to $4.50 and gave the company a “buy” rating in a research report on Monday, November 10th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $5.00 target price on shares of Holley in a research note on Tuesday. Canaccord Genuity Group increased their price target on shares of Holley from $7.00 to $8.00 and gave the stock a “buy” rating in a research note on Wednesday, February 18th. Weiss Ratings restated a “sell (d)” rating on shares of Holley in a report on Thursday, January 22nd. Finally, DA Davidson upped their target price on Holley from $3.00 to $4.50 and gave the stock a “neutral” rating in a report on Monday, November 10th.

Hedge Funds Weigh In On Holley

A number of institutional investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue purchased a new stake in shares of Holley in the 4th quarter worth about $35,000. Schonfeld Strategic Advisors LLC bought a new stake in Holley during the third quarter worth about $34,000. Sherbrooke Park Advisers LLC purchased a new stake in Holley in the third quarter worth about $38,000. Cerity Partners LLC purchased a new stake in Holley in the second quarter worth about $25,000. Finally, ProShare Advisors LLC increased its stake in shares of Holley by 37.1% during the fourth quarter. ProShare Advisors LLC now owns 13,961 shares of the company’s stock valued at $58,000 after purchasing an additional 3,777 shares in the last quarter. Institutional investors own 39.70% of the company’s stock.

Holley Price Performance

Shares of HLLY stock opened at $4.08 on Wednesday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.06 and a current ratio of 2.78. Holley has a fifty-two week low of $1.60 and a fifty-two week high of $4.48. The firm has a market cap of $491.08 million, a P/E ratio of -18.52 and a beta of 1.32. The business’s 50 day moving average price is $4.15 and its 200-day moving average price is $3.75.

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.