Oatly Group AB (NASDAQ:OTLY) Receives Consensus Recommendation of "Hold" from Brokerages

Oatly Group AB (NASDAQ:OTLY - Get Free Report) has been assigned an average rating of "Hold" from the nine ratings firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $2.11.

A number of brokerages have recently weighed in on OTLY. Morgan Stanley reissued an "equal weight" rating and set a $1.25 price target on shares of Oatly Group in a research report on Tuesday, February 20th. DA Davidson began coverage on shares of Oatly Group in a research report on Friday, March 1st. They set a "buy" rating and a $1.50 price target on the stock. Finally, Royal Bank of Canada lifted their price target on shares of Oatly Group from $0.63 to $1.05 and gave the stock a "sector perform" rating in a research report on Friday, February 16th.

Institutional Investors Weigh In On Oatly Group

Several institutional investors have recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA lifted its position in Oatly Group by 21.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 16,963,225 shares of the company's stock valued at $15,201,000 after acquiring an additional 2,986,805 shares in the last quarter. BNP Paribas Asset Management Holding S.A. lifted its position in Oatly Group by 72.0% during the 4th quarter. BNP Paribas Asset Management Holding S.A. now owns 6,024,369 shares of the company's stock worth $7,109,000 after buying an additional 2,521,847 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in Oatly Group by 56.0% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 3,502,522 shares of the company's stock worth $3,139,000 after buying an additional 1,257,812 shares in the last quarter. CastleKnight Management LP lifted its position in Oatly Group by 430.8% during the 4th quarter. CastleKnight Management LP now owns 1,527,700 shares of the company's stock worth $1,803,000 after buying an additional 1,239,874 shares in the last quarter. Finally, Green Alpha Advisors LLC lifted its position in Oatly Group by 199.1% during the 4th quarter. Green Alpha Advisors LLC now owns 636,937 shares of the company's stock worth $752,000 after buying an additional 423,971 shares in the last quarter. 68.15% of the stock is owned by institutional investors.

Oatly Group Trading Up 1.7 %

OTLY traded up $0.02 during trading on Wednesday, reaching $1.17. 2,644,770 shares of the company's stock were exchanged, compared to its average volume of 1,898,173. The company's fifty day moving average price is $1.04 and its 200-day moving average price is $1.00. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.71 and a current ratio of 0.83. Oatly Group has a fifty-two week low of $0.44 and a fifty-two week high of $2.39. The firm has a market capitalization of $696.22 million, a PE ratio of -1.38 and a beta of 2.29.

Oatly Group (NASDAQ:OTLY - Get Free Report) last released its earnings results on Tuesday, April 30th. The company reported ($0.08) EPS for the quarter, topping analysts' consensus estimates of ($0.09) by $0.01. The firm had revenue of $199.16 million during the quarter, compared to analyst estimates of $198.43 million. Oatly Group had a negative net margin of 53.22% and a negative return on equity of 37.94%. During the same quarter in the previous year, the business earned ($0.13) EPS. As a group, equities analysts forecast that Oatly Group will post -0.28 EPS for the current year.

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.