Telsey Advisory Group Lowers Holley (NYSE:HLLY) Price Target to $4.50

Holley (NYSE:HLLY) had its price target reduced by Telsey Advisory Group from $5.50 to $4.50 in a research note published on Monday, MarketBeat Ratings reports. They currently have an outperform rating on the stock. Telsey Advisory Group also issued estimates for Holley’s Q4 2024 earnings at $0.03 EPS, Q1 2025 earnings at $0.07 EPS, Q2 2025 earnings at $0.12 EPS, Q3 2025 earnings at $0.02 EPS, Q4 2025 earnings at $0.06 EPS and FY2025 earnings at $0.27 EPS.

Several other research analysts have also weighed in on the stock. Canaccord Genuity Group lowered their target price on shares of Holley from $8.00 to $7.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Truist Financial lowered their target price on shares of Holley from $8.00 to $7.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Benchmark restated a “buy” rating and set a $12.00 target price on shares of Holley in a research report on Wednesday, September 4th. Finally, Raymond James lowered their target price on shares of Holley from $5.25 to $4.25 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $6.39.

Holley Trading Down 0.7 %

Shares of Holley stock opened at $2.71 on Monday. Holley has a 52-week low of $2.29 and a 52-week high of $5.23. The company has a quick ratio of 1.19, a current ratio of 2.93 and a debt-to-equity ratio of 1.20. The company’s 50-day simple moving average is $2.90 and its 200-day simple moving average is $3.34. The firm has a market cap of $324.60 million, a price-to-earnings ratio of 20.85 and a beta of 1.45.

Holley (NYSE:HLLY) last issued its quarterly earnings results on Friday, November 8th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.04). Holley had a return on equity of 2.59% and a net margin of 2.55%. The firm had revenue of $134.00 million for the quarter, compared to analyst estimates of $142.53 million. During the same quarter last year, the firm earned $0.03 earnings per share. The company’s revenue was down 14.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Holley will post 0.14 earnings per share for the current year.

Hedge Funds Weigh In On Holley

Institutional investors and hedge funds have recently bought and sold shares of the stock. Norden Group LLC increased its position in shares of Holley by 28.8% in the first quarter. Norden Group LLC now owns 43,694 shares of the company’s stock worth $195,000 after acquiring an additional 9,781 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Holley by 52.3% in the second quarter. Dimensional Fund Advisors LP now owns 975,034 shares of the company’s stock worth $3,491,000 after acquiring an additional 334,940 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Holley by 129.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 9,590,816 shares of the company’s stock worth $34,335,000 after acquiring an additional 5,409,997 shares in the last quarter. Algert Global LLC increased its position in shares of Holley by 31.1% in the second quarter. Algert Global LLC now owns 20,781 shares of the company’s stock worth $74,000 after acquiring an additional 4,924 shares in the last quarter. Finally, American Century Companies Inc. increased its position in shares of Holley by 23.3% in the second quarter. American Century Companies Inc. now owns 64,383 shares of the company’s stock worth $230,000 after acquiring an additional 12,186 shares in the last quarter. Institutional investors and hedge funds own 39.70% of the company’s stock.

About Holley

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.