Oatly Group AB (NASDAQ:OTLY) Given Consensus Recommendation of "Moderate Buy" by Analysts

Oatly Group AB (NASDAQ:OTLY - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the six research firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $16.80.

Several research analysts have recently weighed in on OTLY shares. Barclays restated an "overweight" rating on shares of Oatly Group in a research note on Thursday, May 1st. DA Davidson boosted their price target on Oatly Group from $15.00 to $17.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Piper Sandler decreased their price target on Oatly Group from $16.00 to $12.00 and set an "overweight" rating for the company in a research note on Thursday, May 1st. Finally, Mizuho set a $24.00 price target on Oatly Group in a research note on Monday, April 28th.

Oatly Group Stock Down 1.3%

Oatly Group stock traded down $0.14 during mid-day trading on Friday, hitting $10.96. The company had a trading volume of 84,915 shares, compared to its average volume of 143,984. The company has a current ratio of 0.56, a quick ratio of 0.44 and a debt-to-equity ratio of 1.39. The stock's 50 day moving average price is $9.81 and its two-hundred day moving average price is $11.16. Oatly Group has a 12 month low of $6.00 and a 12 month high of $23.40. The company has a market capitalization of $328.01 million, a PE ratio of -1.61 and a beta of 1.88.

Oatly Group (NASDAQ:OTLY - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported ($0.51) EPS for the quarter, topping the consensus estimate of ($0.96) by $0.45. Oatly Group had a negative return on equity of 70.33% and a negative net margin of 24.52%. The business had revenue of $197.53 million for the quarter, compared to the consensus estimate of $199.97 million. As a group, sell-side analysts anticipate that Oatly Group will post -3.2 earnings per share for the current fiscal year.

Institutional Trading of Oatly Group

A number of hedge funds have recently bought and sold shares of the company. Portolan Capital Management LLC increased its position in Oatly Group by 66.8% during the fourth quarter. Portolan Capital Management LLC now owns 7,915,716 shares of the company's stock valued at $5,247,000 after acquiring an additional 3,169,805 shares during the last quarter. Raiffeisen Bank International AG purchased a new stake in Oatly Group during the fourth quarter valued at $1,522,000. Intrinsic Edge Capital Management LLC purchased a new stake in Oatly Group during the fourth quarter valued at $1,259,000. Marshall Wace LLP increased its position in Oatly Group by 2,169.1% during the fourth quarter. Marshall Wace LLP now owns 1,433,468 shares of the company's stock valued at $946,000 after acquiring an additional 1,370,295 shares during the last quarter. Finally, Jane Street Group LLC increased its position in Oatly Group by 52.5% during the fourth quarter. Jane Street Group LLC now owns 218,465 shares of the company's stock valued at $137,000 after acquiring an additional 75,209 shares during the last quarter. Hedge funds and other institutional investors 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.