Mizuho Lowers Oatly Group (NASDAQ:OTLY) Price Target to $32.00

Oatly Group (NASDAQ:OTLY) had its price objective decreased by Mizuho from $40.00 to $32.00 in a research note published on Monday morning,Benzinga reports. Mizuho currently has an outperform rating on the stock.

Several other research firms have also commented on OTLY. Piper Sandler decreased their price objective on shares of Oatly Group from $40.00 to $16.00 and set an “overweight” rating for the company in a research note on Wednesday, March 5th. Barclays increased their price target on Oatly Group from $1.00 to $10.00 and gave the company an “overweight” rating in a research report on Tuesday, February 25th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $19.75.

Oatly Group Stock Performance

NASDAQ OTLY opened at $10.06 on Monday. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.56 and a quick ratio of 0.44. The company has a fifty day moving average price of $10.55 and a 200-day moving average price of $13.62. Oatly Group has a 1 year low of $6.00 and a 1 year high of $26.80. The firm has a market cap of $299.32 million, a price-to-earnings ratio of -1.48 and a beta of 1.97.

Institutional Investors Weigh In On Oatly Group

Several large investors have recently modified their holdings of OTLY. Van ECK Associates Corp grew its holdings in Oatly Group by 60.6% during the fourth quarter. Van ECK Associates Corp now owns 56,689 shares of the company’s stock valued at $38,000 after purchasing an additional 21,387 shares during the period. Two Sigma Advisers LP purchased a new position in shares of Oatly Group during the 4th quarter valued at $41,000. Rhumbline Advisers grew its stake in shares of Oatly Group by 76.1% during the 4th quarter. Rhumbline Advisers now owns 63,477 shares of the company’s stock worth $42,000 after acquiring an additional 27,428 shares during the period. Sanctuary Advisors LLC increased its holdings in Oatly Group by 33.9% in the 3rd quarter. Sanctuary Advisors LLC now owns 55,778 shares of the company’s stock worth $48,000 after acquiring an additional 14,116 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Oatly Group by 463.2% in the 4th quarter. Geode Capital Management LLC now owns 94,353 shares of the company’s stock valued at $63,000 after acquiring an additional 77,600 shares during the period. Hedge funds and other institutional investors own 68.15% of the company’s stock.

Oatly Group Company Profile

Oatly Group AB, an oatmilk company, provides a range of plant-based dairy products made from oats in Europe, the Middle East, Africa, the Americas, and Asia. It offers Barista edition oatmilk, oatgurts, frozen desserts, ice-creams, and yogurts; cooking products, including cooking cream, in regular and organic, Crème Fraiche, whipping cream, vanilla custard, and spreads in a variety of flavors; and ready-to-go drinks.