Key Points
- Director Vincent Cubbage purchased 50,000 Hyliion shares at an average price of $3.40, investing $170,000 and increasing his direct stake by 4.62% to 1.13 million shares.
- Hyliion reported quarterly revenue of $4.94 million, exceeding the $2.40 million analyst estimate, while its adjusted loss of $0.08 per share matched expectations. Analysts forecast a full-year loss of $0.31 per share.
- Shares opened at $3.41 and have a consensus “Buy” rating from three analysts, with an average price target of $8.00; institutional investors own 22.81% of the company.
Hyliion Holdings Corp. (NYSEAMERICAN:HYLN - Get Free Report) Director Vincent Cubbage purchased 50,000 shares of the company's stock in a transaction that occurred on Thursday, August 27th. The shares were acquired at an average price of $3.40 per share, for a total transaction of $170,000.00. Following the completion of the purchase, the director directly owned 1,131,363 shares in the company, valued at $3,846,634.20. This represents a 4.62% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Hyliion Trading Up 2.7%
HYLN opened at $3.41 on Friday. Hyliion Holdings Corp. has a 12 month low of $1.56 and a 12 month high of $8.49. The company has a market cap of $609.03 million, a PE ratio of -11.37 and a beta of 3.52. The company has a 50 day moving average of $4.14 and a 200 day moving average of $3.55.
Hyliion (NYSEAMERICAN:HYLN - Get Free Report) last issued its earnings results on Tuesday, August 11th. The company reported ($0.08) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.08). The business had revenue of $4.94 million for the quarter, compared to analysts' expectations of $2.40 million. Hyliion had a negative net margin of 564.34% and a negative return on equity of 27.94%. Research analysts forecast that Hyliion Holdings Corp. will post -0.31 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on the company. Needham & Company LLC initiated coverage on Hyliion in a research note on Wednesday, June 10th. They set a "buy" rating and a $9.00 price objective on the stock. Northland Securities upgraded Hyliion from a "market perform" rating to an "outperform" rating and set a $10.00 target price for the company in a research note on Thursday, August 13th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $8.00.
Check Out Our Latest Analysis on HYLN
Hedge Funds Weigh In On Hyliion
Several hedge funds have recently bought and sold shares of HYLN. Deutsche Bank AG increased its holdings in Hyliion by 3.2% during the 4th quarter. Deutsche Bank AG now owns 187,016 shares of the company's stock worth $344,000 after acquiring an additional 5,873 shares during the period. JPMorgan Chase & Co. lifted its stake in Hyliion by 10.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 76,835 shares of the company's stock worth $101,000 after purchasing an additional 7,574 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in Hyliion by 7.0% in the 3rd quarter. Alliancebernstein L.P. now owns 152,020 shares of the company's stock valued at $299,000 after purchasing an additional 10,000 shares during the period. AQR Capital Management LLC boosted its holdings in Hyliion by 15.1% in the 1st quarter. AQR Capital Management LLC now owns 76,957 shares of the company's stock valued at $108,000 after purchasing an additional 10,076 shares during the period. Finally, Apella Capital LLC grew its position in shares of Hyliion by 56.9% during the 2nd quarter. Apella Capital LLC now owns 33,030 shares of the company's stock valued at $172,000 after purchasing an additional 11,972 shares in the last quarter. Hedge funds and other institutional investors own 22.81% of the company's stock.
Hyliion Company Profile
(
Get Free Report)
Hyliion Holdings Corp. develops electrified powertrain solutions aimed at reducing fuel consumption and emissions for Class 8 commercial vehicles. Its flagship offerings include the Hypertruck ERX electric axle and hybrid powertrain systems that integrate battery packs with onboard natural gas generators. These modular solutions are designed to retrofit existing diesel trucks or to be incorporated by original equipment manufacturers, allowing fleets to transition toward lower-carbon operations without replacing entire fleets.
Founded in 2015 by Thomas Healy and based in Austin, Texas, Hyliion went public in 2020 via a special purpose acquisition company (SPAC) merger.
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