Oatly Group (NASDAQ:OTLY - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued on Saturday.
Several other research analysts have also weighed in on the company. DA Davidson lifted their target price on Oatly Group from $15.00 to $17.00 and gave the stock a "buy" rating in a report on Monday, May 5th. Piper Sandler dropped their price target 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. Barclays reiterated an "overweight" rating on shares of Oatly Group in a research report on Thursday, May 1st. Finally, Mizuho set a $24.00 target price on shares of Oatly Group in a report on Monday, April 28th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $16.80.
Get Our Latest Report on OTLY
Oatly Group Trading Down 4.2%
NASDAQ:OTLY traded down $0.55 during mid-day trading on Friday, hitting $12.47. The company had a trading volume of 71,880 shares, compared to its average volume of 147,222. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.40 and a current ratio of 0.53. Oatly Group has a fifty-two week low of $6.00 and a fifty-two week high of $23.40. The firm has a market cap of $373.23 million, a P/E ratio of -2.18 and a beta of 1.89. The business's fifty day moving average is $10.39 and its two-hundred day moving average is $11.00.
Oatly Group (NASDAQ:OTLY - Get Free Report) last released its quarterly earnings data 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 net margin of 20.51% and a negative return on equity of 66.51%. The business had revenue of $197.53 million for the quarter, compared to analyst estimates of $199.97 million. As a group, research analysts expect that Oatly Group will post -3.2 earnings per share for the current year.
Institutional Investors Weigh In On Oatly Group
A number of hedge funds and other institutional investors have recently bought and sold shares of OTLY. Cubist Systematic Strategies LLC bought a new position in shares of Oatly Group during the 1st quarter worth approximately $133,000. GAMMA Investing LLC acquired a new position in Oatly Group during the first quarter worth $1,730,000. Van ECK Associates Corp grew its position in Oatly Group by 60.6% in the fourth 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 acquired a new stake in Oatly Group in the 4th quarter valued at $41,000. Finally, Rhumbline Advisers lifted its position in Oatly Group by 76.1% during the 4th quarter. Rhumbline Advisers now owns 63,477 shares of the company's stock worth $42,000 after buying an additional 27,428 shares in the last quarter. Institutional investors and hedge funds own 68.15% of the company's stock.
About Oatly Group
(
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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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