Hyliion Holdings Corp. (NYSE:HYLN – Get Rating) COO Dennis M. Gallagher purchased 20,000 shares of Hyliion stock in a transaction dated Wednesday, November 16th. The stock was acquired at an average cost of $3.10 per share, with a total value of $62,000.00. Following the completion of the acquisition, the chief operating officer now directly owns 281,119 shares in the company, valued at $871,468.90. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Hyliion Stock Performance
Shares of HYLN stock opened at $2.98 on Monday. The stock has a fifty day moving average price of $2.81 and a 200 day moving average price of $3.34. The stock has a market cap of $535.55 million, a PE ratio of -3.39 and a beta of 1.24. Hyliion Holdings Corp. has a 1 year low of $2.33 and a 1 year high of $7.12.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on the company. Cantor Fitzgerald cut Hyliion from an “overweight” rating to a “neutral” rating and set a $5.00 price target for the company. in a report on Thursday, August 11th. The Goldman Sachs Group reduced their price objective on Hyliion from $3.00 to $2.25 and set a “sell” rating for the company in a report on Thursday, November 10th. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $3.81.
Hedge Funds Weigh In On Hyliion
Hyliion Company Profile
Hyliion Holdings Corp. designs, develops, and sells electrified powertrain solutions for the commercial vehicle industry. It also provides battery management systems for hybrid and fully electric vehicle applications; and battery packs. The company was founded in 2015 and is headquartered in Cedar Park, Texas.
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