Investing in Hertz Global Holdings Inc. (HTZ): What You Must Know


Hertz Global Holdings Inc.’s recently made public that its EVP, Chief HR Officer Leef Eric unloaded Company’s shares for reported $77897.0 on Feb 09. In the deal valued at $19.31 per share,4,034 shares were sold. As a result of this transaction, Leef Eric now holds 40,809 shares worth roughly $ 0.67 million.

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Susquehanna initiated its Hertz Global Holdings Inc. [HTZ] rating to a Neutral in a research note published on Tuesday, December 06, 2022; the price target was $18. PT values the company’s stock at a premium of 8.94 to its Tuesday closing price. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who began to cover the stock in mid January with a ‘”an Outperform”‘ rating. Morgan Stanley started covering the stock on December 06, 2021. It rated HTZ as “an Equal-weight”.

Price Performance Review of HTZ

On Tuesday, Hertz Global Holdings Inc. [NASDAQ:HTZ] saw its stock fall -3.42% to $16.39. On the same session, the stock had its day’s lowest price of $16.125, but rose to a high of $17.70. Over the last five days, the stock has lost -16.21%. Hertz Global Holdings Inc. shares have risen nearly 6.50% since the year began. Nevertheless, the stocks have fallen -23.91% over the past one year. While a 52-week high of $24.35 was reached on 03/06/23, a 52-week low of $14.49 was recorded on 01/03/23. SMA at 50 days reached $17.81, while 200 days put it at $17.87. A total of 5.0 million shares were traded, compared to the trading of 32.31 million shares in the previous session.

Levels Of Support And Resistance For HTZ Stock

The 24-hour chart illustrates a support level at 15.78, which if violated will result in even more drops to 15.16. On the upside, there is a resistance level at 17.35. A further resistance level may holdings at 18.31. The Relative Strength Index (RSI) on the 14-day chart is 33.74, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.55, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.91%. Stochastics %K at 9.82% indicates the stock is a buying.

How much short interest is there in Hertz Global Holdings Inc.?

A steep rise in short interest was recorded in Hertz Global Holdings Inc. stocks on Jan 30, 2023, dropping by -5.78 million shares to a total of 15.58 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 21.36 million shares. There was a decline of -37.1%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 11.08% of the overall stock float, the days-to-cover ratio (short ratio) fell to 6.73.

Hertz Global Holdings Inc. [HTZ] – Who Are The Largest Shareholders?

In filings from Knighthead Capital Management LLC, it is revealed that the company now owns 181,455,469 shares, or roughly 56.28% of the outstanding HTZ shares. Additionally, The Vanguard Group, Inc. decreased -13.72% of its stake after which the total value it holdings stand at $258,565,505, while Goldman Sachs & Co. LLC added 1.42% of its stake to hold $191.26 million in the firm. Over the last quarter, Fidelity Management & Research Co sold -833,648 shares of Hertz Global Holdings Inc., while Rubric Capital Management LP sold -1,077,961 shares. At present, Marathon Asset Management LP is holding 6,759,810 shares valued at $125.12 million. Discovery Capital Management LLC owned 6,688,226 shares of the company at the time of its most recent 13F filing, worth $123.8 million.

According to FactSet, Hertz Global Holdings Inc.’s share price will average $23.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 35.53 percent from its previous closing price of $16.97. Analysts expect Hertz Global Holdings Inc. stock to reach the higher price of $27.00, while the lowest price estimate is $20.00. However, 6 analysts have rated HTZ stock as an Overweight in their predictions for 2023. The most recent change occurred on December 06, 2021 when JP Morgan began covering the stock and recommended ‘”an Overweight”‘ rating along with a $30 price target.


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