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 report released on Saturday morning.

Other analysts have also recently issued research reports about the stock. DA Davidson boosted their price target on shares of Oatly Group from $15.00 to $17.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Mizuho set a $24.00 price target on shares of Oatly Group in a research note on Monday, April 28th. Barclays reiterated an "overweight" rating on shares of Oatly Group in a research note on Thursday, May 1st. Finally, Piper Sandler decreased their price target on shares of Oatly Group from $16.00 to $12.00 and set an "overweight" rating on the stock in a research note on Thursday, May 1st. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $16.80.

Oatly Group Stock Performance

Shares of OTLY stock traded down $0.18 during mid-day trading on Friday, reaching $13.09. 107,466 shares of the company's stock traded hands, compared to its average volume of 148,771. Oatly Group has a 12 month low of $6.00 and a 12 month high of $23.40. The firm has a 50 day moving average price of $11.52 and a two-hundred day moving average price of $10.91. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.40 and a current ratio of 0.53. The firm has a market capitalization of $391.78 million, a PE ratio of -2.29 and a beta of 1.92.

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

Hedge Funds Weigh In On Oatly Group

Hedge funds have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC bought a new position in Oatly Group during the 1st quarter valued at about $133,000. GAMMA Investing LLC bought a new position in Oatly Group during the 1st quarter valued at about $1,730,000. Two Sigma Advisers LP bought a new position in Oatly Group in the 4th quarter worth about $41,000. 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 in the last quarter. Finally, Two Sigma Investments LP grew its stake in Oatly Group by 279.6% in the 4th quarter. Two Sigma Investments LP now owns 144,348 shares of the company's stock worth $96,000 after acquiring an additional 106,319 shares in the last quarter. 68.15% of the stock is currently owned by 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.