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

Shares of Oatly Group AB (NASDAQ:OTLY - Get Free Report) have been given a consensus rating of "Moderate Buy" by the six ratings firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $16.80.

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

Oatly Group Trading Down 0.4 %

Oatly Group stock traded down $0.04 during mid-day trading on Monday, reaching $10.71. 12,622 shares of the company traded hands, compared to its average volume of 139,876. The firm's 50 day moving average price is $9.40 and its 200 day moving average price is $11.83. Oatly Group has a 52-week low of $6.00 and a 52-week high of $26.80. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.56 and a quick ratio of 0.44. The firm has a market capitalization of $320.53 million, a price-to-earnings ratio of -1.58 and a beta of 1.88.

Oatly Group (NASDAQ:OTLY - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported ($0.51) earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 company had revenue of $197.53 million during the quarter, compared to the consensus estimate of $199.97 million. On average, analysts anticipate that Oatly Group will post -3.2 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Oatly Group

Several large investors have recently bought and sold shares of the business. Van ECK Associates Corp raised its stake in Oatly Group by 60.6% during the 4th quarter. Van ECK Associates Corp now owns 56,689 shares of the company's stock valued at $38,000 after buying an additional 21,387 shares during the last quarter. Two Sigma Advisers LP purchased a new stake in Oatly Group during the fourth quarter valued at $41,000. Rhumbline Advisers boosted its position in Oatly Group by 76.1% in the fourth quarter. Rhumbline Advisers now owns 63,477 shares of the company's stock worth $42,000 after purchasing an additional 27,428 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Oatly Group by 463.2% during the 4th quarter. Geode Capital Management LLC now owns 94,353 shares of the company's stock valued at $63,000 after purchasing an additional 77,600 shares during the last quarter. Finally, Performa Ltd US LLC grew its position in Oatly Group by 36.8% during the fourth quarter. Performa Ltd US LLC now owns 145,000 shares of the company's stock valued at $96,000 after buying an additional 39,000 shares during the period. 68.15% of the stock is currently owned by institutional investors.

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.