Holley’s (HLLY) “Buy” Rating Reaffirmed at Canaccord Genuity Group

Canaccord Genuity Group reissued their buy rating on shares of Holley (NYSE:HLLY) in a research report report published on Friday, Benzinga reports. The firm currently has a $8.00 target price on the stock.

Several other equities analysts have also recently commented on HLLY. Benchmark reiterated a buy rating and set a $12.00 target price on shares of Holley in a research note on Tuesday. Truist Financial cut their price objective 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. Finally, Telsey Advisory Group reissued an outperform rating and set a $6.50 target price on shares of Holley in a research report on Tuesday, June 4th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of $7.47.

Holley Stock Performance

Shares of NYSE HLLY opened at $3.56 on Friday. Holley has a 12 month low of $3.16 and a 12 month high of $8.06. The company has a quick ratio of 1.04, a current ratio of 2.85 and a debt-to-equity ratio of 1.26. The company has a market cap of $424.74 million, a P/E ratio of 22.25 and a beta of 1.49. The business’s 50 day moving average is $3.83 and its two-hundred day moving average is $4.32.

Insider Transactions at Holley

In related news, Chairman Matthew E. Rubel purchased 14,493 shares of the stock in a transaction on Wednesday, June 12th. The shares were purchased at an average cost of $3.39 per share, for a total transaction of $49,131.27. Following the completion of the transaction, the chairman now directly owns 169,979 shares of the company’s stock, valued at approximately $576,228.81. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.92% of the stock is currently owned by insiders.

Institutional Trading of Holley

Several large investors have recently added to or reduced their stakes in HLLY. Lazard Asset Management LLC bought a new position in shares of Holley in the first quarter valued at approximately $43,000. Tower Research Capital LLC TRC increased its holdings in Holley by 410.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 13,516 shares of the company’s stock valued at $66,000 after purchasing an additional 10,867 shares in the last quarter. Barclays PLC increased its holdings in Holley by 70.0% during the 3rd quarter. Barclays PLC now owns 17,870 shares of the company’s stock valued at $89,000 after purchasing an additional 7,356 shares in the last quarter. Numerai GP LLC bought a new position in Holley in the 3rd quarter valued at $98,000. Finally, SYSTM Wealth Solutions LLC acquired a new position in Holley in the first quarter worth $90,000. 39.70% of the stock is owned by institutional investors.

Holley Company Profile

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.