Analysts Set Oatly Group AB (NASDAQ:OTLY) Price Target at $2.11

Oatly Group AB (NASDAQ:OTLY - Get Free Report) has been assigned a consensus recommendation of "Hold" from the nine ratings firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $2.11.

OTLY has been the subject of several research reports. Morgan Stanley reissued an "equal weight" rating and issued a $1.25 target price on shares of Oatly Group in a research report on Tuesday, February 20th. Royal Bank of Canada increased their target price on Oatly Group from $0.63 to $1.05 and gave the stock a "sector perform" rating in a research report on Friday, February 16th. Finally, DA Davidson initiated coverage on Oatly Group in a research report on Friday, March 1st. They issued a "buy" rating and a $1.50 target price for the company.

Oatly Group Trading Up 0.9 %

OTLY traded up $0.01 during midday trading on Friday, reaching $1.09. 1,020,666 shares of the company's stock traded hands, compared to its average volume of 1,448,470. The firm has a fifty day moving average of $1.11 and a two-hundred day moving average of $0.98. The stock has a market capitalization of $648.62 million, a price-to-earnings ratio of -1.28 and a beta of 2.29. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.83 and a quick ratio of 0.71. Oatly Group has a 52 week low of $0.44 and a 52 week high of $2.46.

Oatly Group (NASDAQ:OTLY - Get Free Report) last released its quarterly earnings results on Thursday, February 15th. The company reported ($0.16) EPS for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.08). Oatly Group had a negative net margin of 53.22% and a negative return on equity of 37.94%. The business had revenue of $204.12 million for the quarter, compared to the consensus estimate of $191.80 million. On average, equities analysts anticipate that Oatly Group will post -0.28 earnings per share for the current fiscal year.

Institutional Trading of Oatly Group

Several institutional investors have recently added to or reduced their stakes in OTLY. Toroso Investments LLC purchased a new stake in Oatly Group during the 1st quarter valued at $27,000. Independent Advisor Alliance bought a new position in shares of Oatly Group during the 4th quarter valued at $28,000. Tower Research Capital LLC TRC bought a new position in shares of Oatly Group during the 4th quarter valued at $32,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in shares of Oatly Group by 230.2% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 19,809 shares of the company's stock valued at $35,000 after buying an additional 13,809 shares during the period. Finally, First Manhattan Co. bought a new position in shares of Oatly Group during the 4th quarter valued at $35,000. 68.15% of the stock is currently owned by hedge funds and other institutional investors.

About Oatly Group

Oatly Group AB, an oatmilk company, provides a range of plant-based dairy products made from oats in Sweden. 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.