Oatly Group AB Sponsored ADR (NASDAQ:OTLY) Receives Average 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.

Oatly Group AB Sponsored ADR (NASDAQ:OTLY - Get Free Report) has been given an average recommendation of "Moderate Buy" by the five analysts that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $17.25.

Several equities analysts have recently commented on OTLY shares. JPMorgan Chase & Co. began coverage on shares of Oatly Group in a report on Wednesday, August 20th. They set a "neutral" rating on the stock. Wall Street Zen upgraded Oatly Group from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. Finally, Barclays raised their price target on Oatly Group from $14.00 to $16.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th.

Oatly Group Trading Up 3.1%

Shares of OTLY opened at $17.95 on Friday. The business's 50-day moving average price is $16.06 and its 200 day moving average price is $12.31. The company has a current ratio of 0.49, a quick ratio of 0.37 and a debt-to-equity ratio of 1.50. The stock has a market capitalization of $537.21 million, a P/E ratio of -2.73 and a beta of 1.97. Oatly Group has a 1-year low of $6.00 and a 1-year high of $20.80.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Raiffeisen Bank International AG bought a new stake in shares of Oatly Group in the fourth quarter valued at about $1,522,000. Two Sigma Investments LP raised its holdings in Oatly Group by 279.6% in the 4th quarter. Two Sigma Investments LP now owns 144,348 shares of the company's stock valued at $96,000 after acquiring an additional 106,319 shares in the last quarter. Jane Street Group LLC lifted its position in shares of Oatly Group by 52.5% in the 4th quarter. Jane Street Group LLC now owns 218,465 shares of the company's stock worth $137,000 after acquiring an additional 75,209 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings 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 worth $128,000 after purchasing an additional 75,132 shares in the last quarter. Finally, Two Sigma Advisers LP bought a new stake in shares of Oatly Group during the fourth quarter valued at approximately $41,000. 68.15% of the stock is currently owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.