Brokerages Set Oatly Group AB (NASDAQ:OTLY) PT at $16.80

Shares of Oatly Group AB (NASDAQ:OTLY - Get Free Report) have been given an average recommendation of "Moderate Buy" by the six research firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $16.80.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of OTLY. Jane Street Group LLC raised its position in shares of Oatly Group by 134.8% during the third quarter. Jane Street Group LLC now owns 143,256 shares of the company's stock worth $128,000 after acquiring an additional 82,242 shares during the last quarter. Green Alpha Advisors LLC raised its holdings in Oatly Group by 5.9% during the 4th quarter. Green Alpha Advisors LLC now owns 686,776 shares of the company's stock worth $455,000 after purchasing an additional 38,363 shares during the last quarter. Van ECK Associates Corp lifted its position in shares of Oatly Group by 60.6% in the 4th quarter. Van ECK Associates Corp now owns 56,689 shares of the company's stock worth $38,000 after purchasing an additional 21,387 shares during the period. Rhumbline Advisers boosted its stake in shares of Oatly Group by 76.1% in the 4th quarter. Rhumbline Advisers now owns 63,477 shares of the company's stock valued at $42,000 after purchasing an additional 27,428 shares during the last quarter. Finally, Performa Ltd US LLC increased its position in shares of Oatly Group by 36.8% during the fourth quarter. Performa Ltd US LLC now owns 145,000 shares of the company's stock worth $96,000 after buying an additional 39,000 shares during the period. 68.15% of the stock is owned by institutional investors and hedge funds.

Oatly Group Price Performance

Oatly Group stock traded down $0.47 during trading hours on Monday, reaching $10.00. 137,225 shares of the stock were exchanged, compared to its average volume of 140,610. The stock has a 50 day moving average of $9.46 and a two-hundred day moving average of $11.71. The company has a market cap of $299.28 million, a P/E ratio of -1.47 and a beta of 1.88. The company has a current ratio of 0.56, a quick ratio of 0.44 and a debt-to-equity ratio of 1.39. Oatly Group has a twelve month low of $6.00 and a twelve month high of $26.80.

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

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.