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

Oatly Group AB Sponsored ADR (NASDAQ:OTLY - Get Free Report) has earned an average recommendation of "Moderate Buy" from the six research firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $17.25.

OTLY has been the subject of several research reports. Weiss Ratings reissued a "sell (d-)" rating on shares of Oatly Group in a report on Wednesday. Barclays boosted their price objective on Oatly Group from $14.00 to $16.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. initiated coverage on shares of Oatly Group in a research report on Wednesday, August 20th. They issued a "neutral" rating for the company. Finally, Wall Street Zen upgraded shares of Oatly Group from a "sell" rating to a "hold" rating in a research report on Saturday, July 12th.

Oatly Group Price Performance

Shares of OTLY opened at $14.50 on Thursday. Oatly Group has a 1-year low of $6.00 and a 1-year high of $19.13. The stock has a market cap of $439.50 million, a PE ratio of -2.21 and a beta of 1.95. 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 has a fifty day moving average price of $16.95 and a 200 day moving average price of $13.20.

Institutional Trading of Oatly Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Two Sigma Investments LP raised its stake in shares of Oatly Group by 279.6% during the fourth quarter. Two Sigma Investments LP now owns 144,348 shares of the company's stock worth $96,000 after purchasing an additional 106,319 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in 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 during the last quarter. GAMMA Investing LLC purchased a new position in Oatly Group during the 1st quarter worth $1,730,000. Cubist Systematic Strategies LLC purchased a new position in Oatly Group during the 1st quarter worth $133,000. Finally, Geode Capital Management LLC purchased a new position in Oatly Group during the second quarter worth about $151,000. 68.15% of the stock is owned by hedge funds and other institutional investors.

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.

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