Oatly Group AB Sponsored ADR (NASDAQ:OTLY) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Oatly Group AB Sponsored ADR (NASDAQ:OTLY) have been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $17.60.

A number of equities research analysts recently weighed in on OTLY shares. Piper Sandler reduced their price target on shares of Oatly Group from $16.00 to $12.00 and set an “overweight” rating for the company in a research report on Thursday, May 1st. Barclays reiterated an “overweight” rating and set a $14.00 target price (up previously from $11.00) on shares of Oatly Group in a research report on Tuesday. Mizuho set a $24.00 target price on Oatly Group in a research report on Monday, April 28th. Wall Street Zen upgraded Oatly Group from a “sell” rating to a “hold” rating in a research note on Saturday, July 12th. Finally, DA Davidson boosted their price objective on Oatly Group from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Monday, May 5th.

Oatly Group Price Performance

OTLY stock opened at $14.97 on Friday. The business has a 50 day moving average price of $11.85 and a 200 day moving average price of $10.95. The company has a quick ratio of 0.40, a current ratio of 0.53 and a debt-to-equity ratio of 1.20. The stock has a market cap of $448.05 million, a price-to-earnings ratio of -2.62 and a beta of 1.92. Oatly Group has a fifty-two week low of $6.00 and a fifty-two week high of $23.40.

Oatly Group (NASDAQ:OTLY) last issued its quarterly earnings data on Wednesday, April 30th. The company reported ($0.51) earnings per share for the quarter, topping the consensus estimate of ($0.96) by $0.45. Oatly Group had a negative net margin of 20.51% and a negative return on equity of 66.51%. The business had revenue of $197.53 million during the quarter, compared to the consensus estimate of $199.97 million. Equities research analysts anticipate that Oatly Group will post -3.2 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Oatly Group

Several hedge funds have recently made changes to their positions in OTLY. Portolan Capital Management LLC grew its position in Oatly Group by 66.8% in the 4th quarter. Portolan Capital Management LLC now owns 7,915,716 shares of the company’s stock valued at $5,247,000 after buying an additional 3,169,805 shares during the last quarter. Raiffeisen Bank International AG acquired a new stake in shares of Oatly Group in the 4th quarter worth $1,522,000. Intrinsic Edge Capital Management LLC purchased a new stake in shares of Oatly Group in the fourth quarter valued at about $1,259,000. Marshall Wace LLP boosted its holdings in shares of Oatly Group by 2,169.1% in the fourth quarter. Marshall Wace LLP now owns 1,433,468 shares of the company’s stock valued at $946,000 after acquiring an additional 1,370,295 shares in the last quarter. Finally, Two Sigma Investments LP increased its stake in shares of Oatly Group by 279.6% during the fourth quarter. Two Sigma Investments LP now owns 144,348 shares of the company’s stock worth $96,000 after acquiring an additional 106,319 shares during the period. Institutional investors and hedge funds own 68.15% of the company’s stock.

About Oatly Group

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.