Hyliion (NYSEAMERICAN:HYLN) Director Vincent Cubbage Purchases 50,000 Shares

Hyliion Holdings Corp. (NYSEAMERICAN:HYLNGet 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 acquisition, the director directly owned 1,131,363 shares of the company’s stock, valued at $3,846,634.20. This trade represents a 4.62% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Hyliion Trading Up 2.7%

HYLN stock opened at $3.41 on Friday. The stock has a market cap of $609.03 million, a P/E ratio of -11.37 and a beta of 3.52. The stock’s fifty day simple moving average is $4.14 and its two-hundred day simple moving average is $3.55. Hyliion Holdings Corp. has a 1-year low of $1.56 and a 1-year high of $8.49.

Hyliion (NYSEAMERICAN:HYLNGet Free Report) last announced its earnings results on Tuesday, August 11th. The company reported ($0.08) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.08). The firm had revenue of $4.94 million during the quarter, compared to analyst estimates of $2.40 million. Hyliion had a negative return on equity of 27.94% and a negative net margin of 564.34%. As a group, analysts forecast that Hyliion Holdings Corp. will post -0.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on HYLN shares. Northland Securities upgraded shares of Hyliion from a “market perform” rating to an “outperform” rating and set a $10.00 price objective for the company in a report on Thursday, August 13th. Needham & Company LLC assumed coverage on shares of Hyliion in a research note on Wednesday, June 10th. They issued a “buy” rating and a $9.00 target price on the stock. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $8.00.

Read Our Latest Analysis on Hyliion

Institutional Trading of Hyliion

Hedge funds have recently made changes to their positions in the company. CIBC Bancorp USA Inc. purchased a new position in shares of Hyliion during the 3rd quarter valued at $26,000. Cubist Systematic Strategies LLC purchased a new stake in Hyliion in the 1st quarter worth about $26,000. Hsbc Holdings PLC purchased a new stake in Hyliion in the 1st quarter worth about $27,000. Brevan Howard Capital Management LP bought a new stake in Hyliion in the 2nd quarter valued at about $30,000. Finally, XTX Topco Ltd bought a new stake in Hyliion in the 2nd quarter valued at about $34,000. 22.81% of the stock is currently owned by institutional investors.

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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