Oatly Group (NASDAQ:OTLY) Sees Unusually-High Trading Volume

Shares of Oatly Group AB (NASDAQ:OTLY - Get Free Report) saw an uptick in trading volume on Monday . 2,950,783 shares were traded during trading, an increase of 57% from the previous session's volume of 1,883,669 shares.The stock last traded at $0.93 and had previously closed at $1.01.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on OTLY. Royal Bank of Canada boosted their price target on Oatly Group from $0.63 to $1.05 and gave the company a "sector perform" rating in a research note on Friday, February 16th. 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 on the stock. Finally, Morgan Stanley reiterated an "equal weight" rating and issued a $1.25 price objective on shares of Oatly Group in a research note on Tuesday, February 20th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, Oatly Group currently has an average rating of "Hold" and an average target price of $2.11.

Oatly Group Stock Performance

The firm has a market capitalization of $545.13 million, a P/E ratio of -1.08 and a beta of 2.29. The stock has a 50-day moving average of $1.10 and a 200 day moving average of $0.98. 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 (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 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 the consensus estimate of $191.80 million. On average, research analysts anticipate that Oatly Group AB will post -0.28 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Massachusetts Financial Services Co. MA lifted its holdings in Oatly Group by 21.4% during the 3rd 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 in the last quarter. BNP Paribas Asset Management Holding S.A. lifted its stake in shares of Oatly Group by 72.0% in the 4th quarter. BNP Paribas Asset Management Holding S.A. now owns 6,024,369 shares of the company's stock valued at $7,109,000 after purchasing an additional 2,521,847 shares during the period. FMR LLC lifted its stake in shares of Oatly Group by 22.9% in the 2nd quarter. FMR LLC now owns 5,737,705 shares of the company's stock valued at $19,852,000 after purchasing an additional 1,068,922 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in shares of Oatly Group by 56.0% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 3,502,522 shares of the company's stock valued at $3,139,000 after purchasing an additional 1,257,812 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Oatly Group by 1,099.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,419,290 shares of the company's stock valued at $17,130,000 after purchasing an additional 3,134,320 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.