Oatly Group (NASDAQ:OTLY) Shares Up 4.7%

Oatly Group AB (NASDAQ:OTLY - Get Free Report)'s share price shot up 4.7% on Thursday . The stock traded as high as $1.13 and last traded at $1.12. 183,863 shares changed hands during mid-day trading, a decline of 90% from the average session volume of 1,920,769 shares. The stock had previously closed at $1.07.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on OTLY. 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. DA Davidson started coverage on shares of Oatly Group in a research report on Friday, March 1st. They set a "buy" rating and a $1.50 price objective on the stock. Finally, Royal Bank of Canada boosted their price objective on shares of Oatly Group from $0.63 to $1.05 and gave the company a "sector perform" rating in a research report on Friday, February 16th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $2.11.

Oatly Group Price Performance

The company has a debt-to-equity ratio of 0.56, a current ratio of 0.83 and a quick ratio of 0.71. The stock has a market capitalization of $642.66 million, a price-to-earnings ratio of -1.32 and a beta of 2.29. The stock's 50 day simple moving average is $1.11 and its 200-day simple moving average is $0.98.

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

Institutional Trading of Oatly Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. Massachusetts Financial Services Co. MA lifted its stake in shares of Oatly Group by 21.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 16,963,225 shares of the company's stock worth $15,201,000 after buying an additional 2,986,805 shares during the last quarter. BNP Paribas Asset Management Holding S.A. lifted its stake in shares of Oatly Group by 72.0% in the fourth 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 during the last quarter. FMR LLC lifted its stake in shares of Oatly Group by 22.9% in the second quarter. FMR LLC now owns 5,737,705 shares of the company's stock worth $19,852,000 after buying an additional 1,068,922 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in shares of Oatly Group by 56.0% in the third 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 during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Oatly Group by 1,099.9% in the first quarter. Goldman Sachs Group Inc. now owns 3,419,290 shares of the company's stock worth $17,130,000 after buying an additional 3,134,320 shares during the last quarter. 68.15% of the stock is currently owned by institutional investors and hedge funds.

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.