Oatly Group (NASDAQ:OTLY) Shares Down 2.5% - What's Next?

Key Points

• Oatly Group's share price has decreased by 2.5% to $18.08, with a trading volume slightly below its average.
• Analyst ratings show a mix of sentiment, with the average rating being a "Moderate Buy" and a price target of $17.25, indicating potential growth.
• Institutional investors currently own 68.15% of Oatly Group, with significant stake increases from several hedge funds recently.

Oatly Group AB Sponsored ADR (NASDAQ:OTLY - Get Free Report)'s share price traded down 2.5% during mid-day trading on Wednesday . The company traded as low as $17.75 and last traded at $18.08. 141,344 shares traded hands during mid-day trading, a decline of 1% from the average session volume of 142,774 shares. The stock had previously closed at $18.54.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. assumed coverage on shares of Oatly Group in a research report on Wednesday, August 20th. They issued a "neutral" rating on the stock. Wall Street Zen upgraded shares of Oatly Group from a "sell" rating to a "hold" rating in a research report on Saturday, July 12th. Barclays raised their price target on shares of Oatly Group from $14.00 to $16.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Piper Sandler reduced 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 report on Thursday, May 1st. Finally, DA Davidson raised their price target on shares of Oatly Group from $15.00 to $17.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $17.25.

Oatly Group Stock Performance

The stock has a market capitalization of $541.13 million, a P/E ratio of -2.75 and a beta of 1.95. The company's 50-day moving average is $14.85 and its two-hundred day moving average is $11.59. The company has a current ratio of 0.49, a quick ratio of 0.37 and a debt-to-equity ratio of 1.50.

Institutional Trading of Oatly Group

Several hedge funds have recently bought and sold shares of OTLY. GAMMA Investing LLC increased its stake in Oatly Group by 85.1% during the 2nd quarter. GAMMA Investing LLC now owns 3,203 shares of the company's stock valued at $38,000 after buying an additional 1,473 shares during the period. Two Sigma Advisers LP acquired a new stake in shares of Oatly Group in the 4th quarter worth approximately $41,000. Geode Capital Management LLC lifted its stake in shares of 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. Two Sigma Investments LP lifted its stake in shares of 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 during the period. Finally, Quadrature Capital Ltd acquired a new stake in shares of Oatly Group in the 2nd quarter worth approximately $120,000. 68.15% of the stock is currently owned by 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.

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