Oatly Group (NASDAQ:OTLY) Price Target Raised to $17.00

Oatly Group (NASDAQ:OTLY - Get Free Report) had its price target increased by equities researchers at DA Davidson from $15.00 to $17.00 in a report issued on Monday,Benzinga reports. The firm presently has a "buy" rating on the stock. DA Davidson's target price points to a potential upside of 56.61% from the company's previous close.

A number of other research firms also recently weighed in on OTLY. Barclays lifted their price target on Oatly Group from $1.00 to $10.00 and gave the company an "overweight" rating in a research note on Tuesday, February 25th. Mizuho set a $24.00 price target on shares of Oatly Group in a research note on Monday, April 28th. Finally, Piper Sandler reduced their price objective on shares of Oatly Group from $16.00 to $12.00 and set an "overweight" rating for the company in a research note on Thursday. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Oatly Group presently has an average rating of "Moderate Buy" and a consensus target price of $16.80.

Oatly Group Stock Performance

OTLY stock traded up $0.12 on Monday, hitting $10.86. The company's stock had a trading volume of 46,159 shares, compared to its average volume of 140,375. Oatly Group has a 1 year low of $6.00 and a 1 year high of $26.80. The stock has a market cap of $324.87 million, a price-to-earnings ratio of -1.60 and a beta of 1.88. The firm has a 50 day moving average of $9.32 and a two-hundred day moving average of $11.88. The company has a current ratio of 0.56, a quick ratio of 0.44 and a debt-to-equity ratio of 1.39.

Oatly Group (NASDAQ:OTLY - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported ($0.51) earnings per share for the quarter, topping the consensus estimate of ($0.96) by $0.45. Oatly Group had a negative return on equity of 70.33% and a negative net margin of 24.52%. The firm had revenue of $197.53 million during the quarter, compared to the consensus estimate of $199.97 million. Equities analysts predict that Oatly Group will post -3.2 EPS for the current fiscal year.

Hedge Funds Weigh In On Oatly Group

Institutional investors have recently made changes to their positions in the stock. Van ECK Associates Corp lifted its holdings in Oatly Group by 60.6% in the 4th quarter. Van ECK Associates Corp now owns 56,689 shares of the company's stock valued at $38,000 after purchasing an additional 21,387 shares in the last quarter. Two Sigma Advisers LP purchased a new position in shares of Oatly Group during the fourth quarter valued at approximately $41,000. Rhumbline Advisers boosted its position in Oatly Group by 76.1% during the fourth quarter. Rhumbline Advisers now owns 63,477 shares of the company's stock worth $42,000 after acquiring an additional 27,428 shares during the last quarter. Geode Capital Management LLC grew its stake in Oatly Group by 463.2% in the 4th quarter. Geode Capital Management LLC now owns 94,353 shares of the company's stock worth $63,000 after acquiring an additional 77,600 shares during the period. Finally, Performa Ltd US LLC raised its holdings in Oatly Group by 36.8% in the 4th quarter. Performa Ltd US LLC now owns 145,000 shares of the company's stock valued at $96,000 after acquiring an additional 39,000 shares during the last quarter. 68.15% of the stock is 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.

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