Oatly Group (NASDAQ:OTLY) Coverage Initiated by Analysts at JPMorgan Chase & Co.

Key Points

• Oatly Group's stock retains a neutral rating from JPMorgan Chase & Co., following other ratings from various analysts, with the average target price set at $17.25.
• Analyst ratings vary, with Barclays increasing their price target from $14.00 to $16.00 and DA Davidson raising theirs from $15.00 to $17.00.
• Institutional investors have significantly increased their holdings in Oatly Group, with Geode Capital Management raising its stake by 463.2% in the fourth quarter.

Research analysts at JPMorgan Chase & Co. assumed coverage on shares of Oatly Group (NASDAQ:OTLY - Get Free Report) in a note issued to investors on Wednesday, Marketbeat.com reports. The brokerage set a "neutral" rating on the stock.

A number of other research analysts also recently commented on the stock. Barclays raised their target price on shares of Oatly Group from $14.00 to $16.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Mizuho set a $24.00 target price on shares of Oatly Group in a research report on Monday, April 28th. Wall Street Zen raised shares of Oatly Group from a "sell" rating to a "hold" rating in a research report on Saturday, July 12th. DA Davidson lifted their price objective on shares of Oatly Group from $15.00 to $17.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Finally, Piper Sandler cut their price objective 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. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $17.25.

Oatly Group Trading Up 3.3%

OTLY stock traded up $0.5920 during trading on Wednesday, hitting $18.3820. The company had a trading volume of 95,317 shares, compared to its average volume of 173,782. The company has a quick ratio of 0.37, a current ratio of 0.49 and a debt-to-equity ratio of 1.50. The company has a 50 day simple moving average of $14.51 and a 200-day simple moving average of $11.45. The firm has a market capitalization of $550.17 million, a P/E ratio of -2.81 and a beta of 1.95. Oatly Group has a 52-week low of $6.00 and a 52-week high of $20.80.

Hedge Funds Weigh In On Oatly Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Raiffeisen Bank International AG acquired a new position in shares of Oatly Group in the 4th quarter valued at about $1,522,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Oatly Group by 63.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 193,608 shares of the company's stock valued at $128,000 after purchasing an additional 75,132 shares during the period. Two Sigma Advisers LP acquired a new position in shares of Oatly Group in the 4th quarter valued at $41,000. GAMMA Investing LLC acquired a new position in shares of Oatly Group in the 1st quarter valued at $1,730,000. Finally, Two Sigma Investments LP lifted its stake in shares of 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 purchasing an additional 106,319 shares during the period. Institutional investors and hedge funds 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.