Analysts Set Oatly Group AB Sponsored ADR (NASDAQ:OTLY) Target Price at $17.25

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.

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

A number of research firms have recently weighed in on OTLY. Wall Street Zen raised shares of Oatly Group from a "sell" rating to a "hold" rating in a research report on Saturday, July 12th. Mizuho set a $24.00 target price on shares of Oatly Group in a research report on Monday, April 28th. Barclays upped their target price on shares of Oatly Group from $14.00 to $16.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Piper Sandler reduced their target price on shares of Oatly Group from $16.00 to $12.00 and set an "overweight" rating on the stock in a research report on Thursday, May 1st. Finally, JPMorgan Chase & Co. began coverage on shares of Oatly Group in a research report on Wednesday, August 20th. They issued a "neutral" rating on the stock.

Institutional Trading of Oatly Group

Hedge funds and other institutional investors have recently modified their holdings of the business. GAMMA Investing LLC grew its position in 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 last quarter. Two Sigma Advisers LP purchased a new stake in Oatly Group during the 4th quarter valued at about $41,000. Geode Capital Management LLC grew its position in Oatly Group by 463.2% during the 4th 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 during the last quarter. Two Sigma Investments LP grew its position in 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 last quarter. Finally, Quadrature Capital Ltd purchased a new stake in Oatly Group during the 2nd quarter valued at about $120,000. 68.15% of the stock is owned by hedge funds and other institutional investors.

Oatly Group Trading Up 3.0%

Oatly Group stock traded up $0.54 during mid-day trading on Wednesday, reaching $18.33. 103,169 shares of the company traded hands, compared to its average volume of 173,852. 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 firm's 50 day moving average price is $14.51 and its 200 day moving average price is $11.45. The firm has a market capitalization of $548.62 million, a price-to-earnings ratio of -2.79 and a beta of 1.95. Oatly Group has a 52-week low of $6.00 and a 52-week high of $20.80.

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.