In a report released today, Joe Feldman from Telsey Advisory maintained a Buy rating on Holley (HLLY – Research Report), with a price target of $4.50. The company’s shares opened today at $2.99.
Feldman covers the Consumer Cyclical sector, focusing on stocks such as Costco, Dollar Tree, and Ethan Allen. According to TipRanks, Feldman has an average return of 8.7% and a 58.05% success rate on recommended stocks.
Holley has an analyst consensus of Strong Buy, with a price target consensus of $7.50.
Based on Holley’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $134.04 million and a GAAP net loss of $6.29 million. In comparison, last year the company earned a revenue of $156.53 million and had a net profit of $752 thousand
Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HLLY in relation to earlier this year.
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Holley (HLLY) Company Description:
Empower Ltd is a blank check company.
