Wall Street Zen Upgrades Oatly Group (NASDAQ:OTLY) to "Hold"

Wall Street Zen upgraded shares of Oatly Group (NASDAQ:OTLY - Free Report) from a sell rating to a hold rating in a research note issued to investors on Saturday.

A number of other brokerages have also weighed in on OTLY. DA Davidson lifted their price objective on Oatly Group from $15.00 to $17.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Piper Sandler reduced their price objective on Oatly Group from $16.00 to $12.00 and set an "overweight" rating on the stock in a report on Thursday, May 1st. Mizuho set a $24.00 price objective on Oatly Group in a research report on Monday, April 28th. Finally, Barclays reissued an "overweight" rating on shares of Oatly Group in a report on Thursday, May 1st. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $16.80.

Oatly Group Trading Up 0.8%

OTLY traded up $0.10 during trading on Friday, hitting $13.13. The company's stock had a trading volume of 157,612 shares, compared to its average volume of 148,910. Oatly Group has a twelve month low of $6.00 and a twelve month high of $23.40. The company has a quick ratio of 0.40, a current ratio of 0.53 and a debt-to-equity ratio of 1.20. The stock's fifty day moving average price is $11.56 and its 200-day moving average price is $10.89. The firm has a market capitalization of $392.98 million, a P/E ratio of -2.30 and a beta of 1.92.

Oatly Group (NASDAQ:OTLY - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported ($0.51) EPS for the quarter, beating analysts' consensus estimates of ($0.96) by $0.45. The business had revenue of $197.53 million during the quarter, compared to analyst estimates of $199.97 million. Oatly Group had a negative return on equity of 66.51% and a negative net margin of 20.51%. Analysts anticipate that Oatly Group will post -3.2 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Portolan Capital Management LLC grew its holdings in shares of Oatly Group by 66.8% during the fourth quarter. Portolan Capital Management LLC now owns 7,915,716 shares of the company's stock worth $5,247,000 after purchasing an additional 3,169,805 shares during the last quarter. Raiffeisen Bank International AG purchased a new stake in Oatly Group in the 4th quarter valued at approximately $1,522,000. Intrinsic Edge Capital Management LLC acquired a new position in Oatly Group in the 4th quarter valued at $1,259,000. Marshall Wace LLP raised its position in shares of Oatly Group by 2,169.1% in the 4th quarter. Marshall Wace LLP now owns 1,433,468 shares of the company's stock worth $946,000 after buying an additional 1,370,295 shares during the period. Finally, Two Sigma Investments LP increased its holdings in 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 in the last quarter. 68.15% of the stock is currently 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.