Oatly Group (NASDAQ:OTLY) Trading Up 4.4%

Oatly Group AB (NASDAQ:OTLY - Get Free Report) was up 4.4% during trading on Friday . The company traded as high as $0.97 and last traded at $0.97. Approximately 649,252 shares changed hands during trading, a decline of 65% from the average daily volume of 1,858,996 shares. The stock had previously closed at $0.93.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. DA Davidson initiated coverage on Oatly Group in a research note on Friday, March 1st. They set a "buy" rating and a $1.50 price target for the company. Morgan Stanley reiterated an "equal weight" rating and issued a $1.25 target price on shares of Oatly Group in a research note on Tuesday, February 20th. Finally, Royal Bank of Canada upped their price target on shares of Oatly Group from $0.63 to $1.05 and gave the company a "sector perform" rating in a research note on Friday, February 16th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Oatly Group has a consensus rating of "Hold" and a consensus price target of $2.11.

Oatly Group Price Performance

The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.71 and a current ratio of 0.83. The stock has a market capitalization of $565.01 million, a PE ratio of -1.12 and a beta of 2.29. The business's 50-day moving average price is $1.08 and its 200 day moving average price is $0.98.

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Toroso Investments LLC purchased a new position in Oatly Group in the 1st quarter worth approximately $27,000. Independent Advisor Alliance bought a new stake in shares of Oatly Group during the 4th quarter worth $28,000. Tower Research Capital LLC TRC purchased a new position in Oatly Group in the fourth quarter worth $32,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in Oatly Group by 230.2% in the fourth 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 acquiring an additional 13,809 shares during the last quarter. Finally, First Manhattan Co. purchased a new stake in Oatly Group during the fourth quarter valued at about $35,000. 68.15% of the stock is currently owned by institutional investors.

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.