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

Key Points

• Oatly Group AB has received a consensus recommendation of "Moderate Buy" from analysts, with one hold and four buy ratings among five ratings firms covering the stock.
• Investment analysts have set an average target price of $17.25 for Oatly Group's shares amid varying target prices from different brokerages.
• Hedge funds and institutional investors own 68.15% of Oatly Group's stock, indicating strong institutional interest in the company.

Oatly Group AB Sponsored ADR (NASDAQ:OTLY - Get Free Report) has earned an average rating of "Moderate Buy" from the five ratings firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $17.25.

OTLY has been the subject of a number of recent analyst reports. Piper Sandler decreased their price target 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. JPMorgan Chase & Co. began coverage on shares of Oatly Group in a report on Wednesday. They set a "neutral" rating for the company. Mizuho set a $24.00 target price on shares of Oatly Group in a research note on Monday, April 28th. DA Davidson increased their target price on shares of Oatly Group from $15.00 to $17.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Finally, Barclays increased their target price on shares of Oatly Group from $14.00 to $16.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th.

Oatly Group Stock Performance

OTLY stock traded up $0.51 during mid-day trading on Wednesday, reaching $17.79. 118,333 shares of the stock traded hands, compared to its average volume of 148,393. The company has a quick ratio of 0.37, a current ratio of 0.49 and a debt-to-equity ratio of 1.50. Oatly Group has a 52 week low of $6.00 and a 52 week high of $20.80. The business has a 50-day moving average of $14.51 and a two-hundred day moving average of $11.44. The firm has a market capitalization of $532.45 million, a PE ratio of -2.71 and a beta of 1.95.

Institutional Investors Weigh In On Oatly Group

Several hedge funds have recently made changes to their positions in OTLY. Raiffeisen Bank International AG acquired a new stake in shares of Oatly Group during the fourth quarter worth approximately $1,522,000. Intrinsic Edge Capital Management LLC acquired a new stake in shares of Oatly Group in the fourth quarter valued at approximately $1,259,000. Marshall Wace LLP increased its holdings in shares of Oatly Group by 2,169.1% in the fourth quarter. Marshall Wace LLP now owns 1,433,468 shares of the company's stock valued at $946,000 after purchasing an additional 1,370,295 shares in the last quarter. Two Sigma Investments LP increased 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 valued at $96,000 after purchasing an additional 106,319 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings 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 purchasing an additional 77,600 shares in the last quarter. 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.