Oatly Group AB Sponsored ADR (NASDAQ:OTLY) Receives Average Recommendation of "Moderate Buy" from Brokerages

Shares of Oatly Group AB Sponsored ADR (NASDAQ:OTLY - Get Free Report) have received an average recommendation of "Moderate Buy" from the six ratings firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $17.60.

OTLY has been the topic of several analyst reports. Mizuho set a $24.00 target price on Oatly Group in a report on Monday, April 28th. Barclays reissued an "overweight" rating and set a $14.00 target price (up from $11.00) on shares of Oatly Group in a report on Tuesday, July 15th. DA Davidson increased 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. Piper Sandler reduced their target price on Oatly Group from $16.00 to $12.00 and set an "overweight" rating on the stock in a report on Thursday, May 1st. Finally, Wall Street Zen raised Oatly Group from a "sell" rating to a "hold" rating in a report on Saturday, July 12th.

Oatly Group Stock Up 2.3%

Shares of Oatly Group stock traded up $0.33 on Friday, reaching $14.97. 129,533 shares of the company were exchanged, compared to its average volume of 150,371. Oatly Group has a one year low of $6.00 and a one year high of $23.40. The company has a market capitalization of $448.02 million, a price-to-earnings ratio of -2.62 and a beta of 1.92. The company has a current ratio of 0.53, a quick ratio of 0.40 and a debt-to-equity ratio of 1.20. The company has a 50-day moving average of $11.85 and a 200 day moving average of $10.93.

Oatly Group (NASDAQ:OTLY - Get Free Report) last posted its 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 business had revenue of $197.53 million for the quarter, compared to analyst estimates of $199.97 million. Oatly Group had a negative return on equity of 66.51% and a negative net margin of 20.51%. On average, equities research analysts forecast that Oatly Group will post -3.2 earnings per share for the current year.

Institutional Investors Weigh In On Oatly Group

A number of hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its position in shares of Oatly Group by 85.1% during the second quarter. GAMMA Investing LLC now owns 3,203 shares of the company's stock valued at $38,000 after buying an additional 1,473 shares during the last quarter. Two Sigma Advisers LP bought a new stake in shares of Oatly Group in the fourth quarter valued at $41,000. Geode Capital Management LLC raised its stake in shares of Oatly Group by 463.2% in the fourth quarter. Geode Capital Management LLC now owns 94,353 shares of the company's stock valued at $63,000 after buying an additional 77,600 shares during the period. Two Sigma Investments LP raised its stake in shares of Oatly Group by 279.6% during the 4th quarter. Two Sigma Investments LP now owns 144,348 shares of the company's stock valued at $96,000 after purchasing an additional 106,319 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Oatly Group by 63.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 193,608 shares of the company's stock valued at $128,000 after purchasing an additional 75,132 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.