Oatly Group AB (NASDAQ:OTLY) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Shares of Oatly Group AB (NASDAQ:OTLY - Get Free Report) have been given an average rating of "Moderate Buy" by the six ratings firms that are presently covering the firm, Marketbeat.com 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 12 month price objective among brokerages that have issued a report on the stock in the last year is $16.80.

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

Oatly Group Trading Up 4.3%

OTLY traded up $0.43 during trading on Friday, reaching $10.50. The company had a trading volume of 83,773 shares, compared to its average volume of 144,938. The firm's 50-day simple moving average is $9.82 and its 200 day simple moving average is $11.12. The company has a market cap of $314.24 million, a price-to-earnings ratio of -1.54 and a beta of 1.88. Oatly Group has a 12-month low of $6.00 and a 12-month high of $23.40. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.44 and a current ratio of 0.56.

Oatly Group (NASDAQ:OTLY - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported ($0.51) earnings per share for the quarter, topping analysts' consensus estimates of ($0.96) by $0.45. The firm had revenue of $197.53 million for the quarter, compared to analysts' expectations of $199.97 million. Oatly Group had a negative return on equity of 70.33% and a negative net margin of 24.52%. Equities research analysts anticipate that Oatly Group will post -3.2 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Raiffeisen Bank International AG acquired a new position in shares of Oatly Group in the fourth quarter valued at $1,522,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Oatly Group by 63.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 193,608 shares of the company's stock worth $128,000 after purchasing an additional 75,132 shares during the last quarter. Marshall Wace LLP grew its holdings in shares of Oatly Group by 2,169.1% during the fourth quarter. Marshall Wace LLP now owns 1,433,468 shares of the company's stock worth $946,000 after purchasing an additional 1,370,295 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Oatly Group by 463.2% during the fourth quarter. Geode Capital Management LLC now owns 94,353 shares of the company's stock worth $63,000 after purchasing an additional 77,600 shares during the last quarter. Finally, GAMMA Investing LLC bought a new position in Oatly Group in the first quarter valued at about $1,730,000. 68.15% of the stock is currently owned by institutional investors and hedge funds.

Oatly Group Company Profile

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.