Hyliion Holdings Corp. (NYSE:HYLN) Receives $3.85 Average Price Target from Brokerages

Hyliion Holdings Corp. (NYSE:HYLNGet Rating) has been given a consensus rating of “Hold” by the six brokerages that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $3.85.

Several equities analysts have recently weighed in on HYLN shares. Cantor Fitzgerald lowered shares of Hyliion from an “overweight” rating to a “neutral” rating and set a $5.00 price objective for the company. in a research report on Thursday, August 11th. The Goldman Sachs Group decreased their target price on shares of Hyliion from $3.00 to $2.25 and set a “sell” rating for the company in a report on Thursday, November 10th. Finally, Northland Securities initiated coverage on shares of Hyliion in a report on Tuesday. They issued an “outperform” rating and a $4.00 target price for the company.

Insider Buying and Selling

In related news, CFO Jon Panzer purchased 11,150 shares of the firm’s stock in a transaction that occurred on Monday, November 14th. The stock was acquired at an average cost of $3.00 per share, for a total transaction of $33,450.00. Following the completion of the acquisition, the chief financial officer now owns 107,644 shares in the company, valued at approximately $322,932. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Hyliion news, COO Dennis M. Gallagher acquired 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 16th. The shares were purchased at an average price of $3.10 per share, with a total value of $62,000.00. Following the completion of the transaction, the chief operating officer now owns 281,119 shares in the company, valued at $871,468.90. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Jon Panzer acquired 11,150 shares of the business’s stock in a transaction that occurred on Monday, November 14th. The shares were acquired at an average cost of $3.00 per share, for a total transaction of $33,450.00. Following the transaction, the chief financial officer now owns 107,644 shares of the company’s stock, valued at approximately $322,932. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 42,150 shares of company stock worth $130,240. 24.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On Hyliion

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. raised its position in shares of Hyliion by 13,618.8% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 6,585 shares of the company’s stock valued at $29,000 after purchasing an additional 6,537 shares during the period. Metropolitan Life Insurance Co NY raised its position in shares of Hyliion by 66.0% in the third quarter. Metropolitan Life Insurance Co NY now owns 8,860 shares of the company’s stock valued at $25,000 after purchasing an additional 3,524 shares during the period. Ensign Peak Advisors Inc raised its position in shares of Hyliion by 65.8% in the third quarter. Ensign Peak Advisors Inc now owns 10,000 shares of the company’s stock valued at $29,000 after purchasing an additional 3,970 shares during the period. B. Riley Wealth Advisors Inc. bought a new position in shares of Hyliion in the third quarter valued at approximately $30,000. Finally, Valeo Financial Advisors LLC bought a new position in shares of Hyliion in the second quarter valued at approximately $35,000. Institutional investors own 26.62% of the company’s stock.

Hyliion Price Performance

NYSE HYLN opened at $2.99 on Tuesday. Hyliion has a 12 month low of $2.33 and a 12 month high of $6.91. The company’s fifty day moving average price is $2.81 and its two-hundred day moving average price is $3.33. The company has a market capitalization of $537.33 million, a price-to-earnings ratio of -3.40 and a beta of 1.24.

Hyliion Company Profile

(Get Rating)

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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