<div id="readability-page-1"><p><span>Holley (NYSE:HLLY - Get Free Report)</span> had its price target cut by equities research analysts at Telsey Advisory Group  from $4.50 to $2.75 in a research note issued on Thursday,Benzinga reports. The firm presently has an &#34;outperform&#34; rating on the stock. Telsey Advisory Group's price objective would indicate a potential upside of 55.37% from the stock's previous close.</p><p>HLLY has been the subject of a number of other research reports. Truist Financial lowered their target price on Holley from $5.00 to $3.00 and set a &#34;buy&#34; rating for the company in a report on Monday, April 14th. Raymond James increased their price objective on Holley from $3.00 to $3.50 and gave the stock an &#34;outperform&#34; rating in a report on Wednesday, March 12th. Five research analysts have rated the stock with a buy rating,  Based on data from MarketBeat.com, the company presently has an average rating of &#34;Buy&#34; and an average target price of $5.65.</p><p><b>View Our Latest Report on Holley</b></p><h2>Holley Trading Down 14.5 %</h2><p>NYSE:HLLY opened at $1.77 on Thursday. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.93 and a quick ratio of 1.17. The business's 50-day simple moving average is $2.35 and its 200-day simple moving average is $2.69. Holley has a fifty-two week low of $1.75 and a fifty-two week high of $4.15. The stock has a market capitalization of $212.33 million, a PE ratio of 13.62 and a beta of 1.43. </p><p>Holley (NYSE:HLLY - Get Free Report) last announced its quarterly earnings results on Wednesday, May 14th. The company reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by ($0.03). Holley had a net margin of 2.55% and a return on equity of 2.59%.  Sell-side analysts expect that  Holley will post 0.12 earnings per share for the current fiscal year. </p><h2>Hedge Funds Weigh In On Holley</h2><p>Several hedge funds have recently modified their holdings of HLLY. Nisa Investment Advisors LLC raised its holdings in  Holley by 994.4% during the first quarter. Nisa Investment Advisors LLC now owns 16,536 shares of the company's stock worth $42,000 after acquiring an additional 15,025 shares in the last quarter.  M&amp;T Bank Corp raised its stake in shares of  Holley by 40.0% during the 1st quarter. M&amp;T Bank Corp now owns 56,331 shares of the company's stock worth $145,000 after purchasing an additional 16,089 shares in the last quarter.  Envestnet Asset Management Inc. grew its stake in shares of  Holley by 10.6% in the first quarter. Envestnet Asset Management Inc. now owns 306,019 shares of the company's stock valued at $786,000 after buying an additional 29,357 shares in the last quarter.  Allspring Global Investments Holdings LLC grew its stake in shares of  Holley by 1.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 10,337,982 shares of the company's stock valued at $26,569,000 after buying an additional 170,132 shares in the last quarter.  Finally, KPP Advisory Services LLC acquired a new position in  Holley during the first quarter worth $99,000. Institutional investors own  39.70% of the company's stock. </p><h2>Holley Company Profile</h2> (Get Free Report)<p>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.</p><h2>Read More</h2><ul><li>Five stocks we like better than Holley</li><li>Technology Stocks Explained: Here's What to Know About Tech</li><li>Upwork's Earnings Beat Fuels Stock Rally—Is Freelancing Booming?</li><li>Insider Trading - What You Need to Know</li><li>Tempus AI Stock: Time to Double Down or Cut and Run?</li><li>Using the MarketBeat Dividend Tax Calculator</li><li>DexCom Stock: Earnings Beat and New Market Access Drive Bull Case</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUhMTFk?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="600" height="385" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUhMTFk"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Holley Right Now?</h2><p>Before you consider Holley, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Holley wasn't on the list.</p><p>While Holley currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

HLLY

<p>Telsey Advisory Group has lowered its price target for Holley (NYSE:HLLY) from $4.50 to $2.75 while maintaining an "outperform" rating. This new target suggests a potential upside of 55.37% from the stock's previous close. Other analysts have also adjusted their ratings, with Truist Financial setting a target of $3.00 and Raymond James raising theirs to $3.50. Holley shares opened at $1.77, reflecting a 14.5% decline, and the company reported a quarterly earnings miss of $0.02 per share.</p>

Telsey Advisory Group Lowers Holley (NYSE:HLLY) Price Target to $2.75