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

Key Points

• Oatly Group AB has received a consensus rating of "Moderate Buy" from analysts, with one hold rating and four buy ratings among five analysts covering the stock.
• The average 12-month price target for Oatly Group shares is set at $17.25, with the stock currently trading at approximately $17.95.
• Institutional investors own 68.15% of Oatly Group's stock, with significant recent increases in holdings from major investors like Raiffeisen Bank International and Two Sigma Investments.

Shares of Oatly Group AB Sponsored ADR (NASDAQ:OTLY - Get Free Report) have been given an average recommendation of "Moderate Buy" by the five analysts that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $17.25.

A number of research firms recently issued reports on OTLY. Wall Street Zen upgraded shares of Oatly Group from a "sell" rating to a "hold" rating in a research report on Saturday, July 12th. JPMorgan Chase & Co. began coverage on shares of Oatly Group in a research report on Wednesday, August 20th. They set a "neutral" rating for the company. Finally, Barclays increased their price target on shares of Oatly Group from $14.00 to $16.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th.

Oatly Group Stock Up 0.1%

Shares of Oatly Group stock traded up $0.03 on Friday, hitting $17.38. The company had a trading volume of 9,201 shares, compared to its average volume of 171,916. The firm has a market capitalization of $526.64 million, a P/E ratio of -2.64 and a beta of 1.97. Oatly Group has a twelve month low of $6.00 and a twelve month high of $20.80. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.49 and a quick ratio of 0.37. The stock has a 50-day moving average of $16.44 and a 200-day moving average of $12.51.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC grew its stake in shares of Oatly Group by 85.1% during the 2nd quarter. GAMMA Investing LLC now owns 3,203 shares of the company's stock valued at $38,000 after purchasing an additional 1,473 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Oatly Group by 9.5% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,130 shares of the company's stock worth $215,000 after buying an additional 1,568 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in shares of Oatly Group during the 2nd quarter worth $120,000. Geode Capital Management LLC purchased a new stake in Oatly Group in the second quarter valued at about $151,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Oatly Group in the first quarter valued at about $133,000. Institutional investors 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.