Oatly Group (NASDAQ:OTLY) Given New $17.00 Price Target at DA Davidson

Oatly Group (NASDAQ:OTLY - Get Free Report) had its price objective lifted by equities research analysts at DA Davidson from $15.00 to $17.00 in a report issued on Monday,Benzinga reports. The firm currently has a "buy" rating on the stock. DA Davidson's price objective points to a potential upside of 70.00% from the company's previous close.

OTLY has been the subject of a number of other research reports. Barclays upped their price objective on shares of Oatly Group from $1.00 to $10.00 and gave the company an "overweight" rating in a research note on Tuesday, February 25th. Piper Sandler cut their target price on 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, Mizuho set a $24.00 price target on Oatly Group in a research report on Monday, April 28th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $16.80.

Oatly Group Price Performance

OTLY stock traded down $0.47 during trading on Monday, hitting $10.00. The stock had a trading volume of 137,225 shares, compared to its average volume of 140,235. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.44 and a current ratio of 0.56. The stock has a market cap of $299.28 million, a price-to-earnings ratio of -1.47 and a beta of 1.88. The company's 50 day moving average price is $9.46 and its two-hundred day moving average price is $11.74. Oatly Group has a 1-year low of $6.00 and a 1-year high of $26.80.

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, beating 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 company had revenue of $197.53 million during the quarter, compared to the consensus estimate of $199.97 million. On average, sell-side analysts forecast that Oatly Group will post -3.2 EPS for the current fiscal year.

Institutional Investors Weigh In On Oatly Group

Several hedge funds have recently modified their holdings of OTLY. Jane Street Group LLC raised its stake in shares of Oatly Group by 134.8% during the third quarter. Jane Street Group LLC now owns 143,256 shares of the company's stock valued at $128,000 after purchasing an additional 82,242 shares during the period. Green Alpha Advisors LLC increased its stake in Oatly Group by 5.9% during the 4th quarter. Green Alpha Advisors LLC now owns 686,776 shares of the company's stock worth $455,000 after buying an additional 38,363 shares during the period. 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 worth $38,000 after buying an additional 21,387 shares in the last quarter. Rhumbline Advisers boosted its position in Oatly Group by 76.1% in the 4th quarter. Rhumbline Advisers now owns 63,477 shares of the company's stock valued at $42,000 after buying an additional 27,428 shares during the last quarter. Finally, Performa Ltd US LLC grew its stake in shares of Oatly Group by 36.8% during the fourth 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 in the last quarter. 68.15% of the stock is currently owned by hedge funds and other institutional investors.

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.