Oatly Group AB Sponsored ADR (NASDAQ:OTLY) Receives $17.60 Average Target Price from Brokerages

Shares of Oatly Group AB Sponsored ADR (NASDAQ:OTLY - Get Free Report) have earned an average recommendation of "Moderate Buy" from the six analysts that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $17.60.

A number of research analysts have commented on the company. Piper Sandler dropped their price objective on Oatly Group from $16.00 to $12.00 and set an "overweight" rating for the company in a report on Thursday, May 1st. Mizuho set a $24.00 price target on shares of Oatly Group in a report on Monday, April 28th. DA Davidson upped their price objective on shares of Oatly Group from $15.00 to $17.00 and gave the stock a "buy" rating in a report on Monday, May 5th. Barclays reiterated an "overweight" rating and set a $14.00 price target (up previously from $11.00) on shares of Oatly Group in a research report on Tuesday, July 15th. Finally, Wall Street Zen raised Oatly Group from a "sell" rating to a "hold" rating in a research report on Saturday, July 12th.

Oatly Group Stock Performance

NASDAQ OTLY traded up $0.16 on Friday, hitting $15.23. 282,111 shares of the stock traded hands, compared to its average volume of 150,574. Oatly Group has a 12 month low of $6.00 and a 12 month high of $23.00. The business's fifty day moving average is $11.85 and its two-hundred day moving average is $10.91. The firm has a market capitalization of $455.83 million, a price-to-earnings ratio of -2.67 and a beta of 1.92. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.40 and a current ratio of 0.53.

Oatly Group (NASDAQ:OTLY - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported ($0.51) EPS for the quarter, beating analysts' consensus estimates of ($0.96) by $0.45. The company had revenue of $197.53 million during the quarter, compared to analyst estimates of $199.97 million. Oatly Group had a negative net margin of 20.51% and a negative return on equity of 66.51%. As a group, equities analysts anticipate that Oatly Group will post -3.2 EPS for the current fiscal year.

Institutional Investors Weigh In On Oatly Group

Large investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its position in 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 acquiring an additional 1,473 shares during the last quarter. Two Sigma Advisers LP purchased a new stake in Oatly Group in the 4th quarter worth $41,000. Geode Capital Management LLC boosted its stake in Oatly Group by 463.2% in the 4th 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 period. Two Sigma Investments LP lifted its holdings in shares of Oatly Group by 279.6% in the fourth quarter. Two Sigma Investments LP now owns 144,348 shares of the company's stock worth $96,000 after buying an additional 106,319 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in 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 valued at $128,000 after acquiring an additional 75,132 shares in the last quarter. Institutional investors own 68.15% of the company's stock.

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.