Oatly Group (NASDAQ:OTLY) Stock Price Expected to Rise, Barclays Analyst Says

Oatly Group (NASDAQ:OTLY - Get Free Report) had its target price boosted by Barclays from $14.00 to $16.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an "overweight" rating on the stock. Barclays's price target would indicate a potential upside of 7.06% from the stock's previous close.

OTLY has been the subject of a number of other research reports. 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 report on Monday, May 5th. Piper Sandler lowered their price objective on shares of Oatly Group from $16.00 to $12.00 and set an "overweight" rating for the company in a research report on Thursday, May 1st. Mizuho set a $24.00 price objective on shares of Oatly Group in a research report on Monday, April 28th. Finally, Wall Street Zen raised shares of Oatly Group from a "sell" rating to a "hold" rating in a research report on Saturday, July 12th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $18.00.

Oatly Group Price Performance

Shares of OTLY traded down $0.42 during mid-day trading on Thursday, hitting $14.95. 144,873 shares of the company were exchanged, compared to its average volume of 177,736. Oatly Group has a 1-year low of $6.00 and a 1-year high of $21.20. 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 company has a 50 day moving average of $12.18 and a 200-day moving average of $10.97. The stock has a market cap of $447.30 million, a price-to-earnings ratio of -2.62 and a beta of 1.92.

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

Hedge Funds Weigh In On Oatly Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its position in Oatly Group by 85.1% in 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. Cubist Systematic Strategies LLC purchased a new stake in shares of Oatly Group during the first quarter worth approximately $133,000. Two Sigma Advisers LP purchased a new stake in shares of Oatly Group during the fourth quarter worth approximately $41,000. Two Sigma Investments LP increased its stake in shares of Oatly Group by 279.6% during the fourth quarter. Two Sigma Investments LP now owns 144,348 shares of the company's stock worth $96,000 after buying an additional 106,319 shares during the period. Finally, Raiffeisen Bank International AG purchased a new stake in shares of Oatly Group during the fourth quarter worth approximately $1,522,000. Hedge funds and other institutional investors own 68.15% of the company's stock.

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.

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