Barclays Issues Positive Forecast for Oatly Group (NASDAQ:OTLY) Stock Price

Oatly Group (NASDAQ:OTLY - Get Free Report) had its price target hoisted by stock analysts at Barclays from $14.00 to $16.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Barclays's target price indicates a potential upside of 7.82% from the company's previous close.

Other equities analysts have also recently issued reports about the company. Wall Street Zen upgraded Oatly Group from a "sell" rating to a "hold" rating in a report on Saturday, July 12th. Mizuho set a $24.00 price target on Oatly Group in a research note on Monday, April 28th. DA Davidson lifted their price target on Oatly Group from $15.00 to $17.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Finally, Piper Sandler cut their price target on Oatly Group from $16.00 to $12.00 and set an "overweight" rating for the company in a report on Thursday, May 1st. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $17.25.

Oatly Group Price Performance

Shares of OTLY stock traded down $0.28 during trading hours on Thursday, hitting $14.84. 150,093 shares of the company's stock were exchanged, compared to its average volume of 178,410. The company has a quick ratio of 0.37, a current ratio of 0.49 and a debt-to-equity ratio of 1.50. The firm has a market cap of $444.16 million, a P/E ratio of -2.26 and a beta of 1.92. The firm has a 50 day moving average of $12.40 and a two-hundred day moving average of $10.95. Oatly Group has a fifty-two week low of $6.00 and a fifty-two week high of $21.20.

Oatly Group (NASDAQ:OTLY - Get Free Report) last announced its earnings results 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 return on equity of 102.71% and a negative net margin of 23.44%. The business had revenue of $197.53 million during the quarter, compared to the consensus estimate of $199.97 million. Sell-side analysts forecast that Oatly Group will post -3.2 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of OTLY. Geode Capital Management LLC boosted its holdings in Oatly Group by 463.2% in the fourth quarter. Geode Capital Management LLC now owns 94,353 shares of the company's stock valued at $63,000 after purchasing an additional 77,600 shares during the last quarter. Portolan Capital Management LLC lifted its holdings in Oatly Group by 66.8% during the 4th quarter. Portolan Capital Management LLC now owns 7,915,716 shares of the company's stock worth $5,247,000 after buying an additional 3,169,805 shares during the last quarter. Marshall Wace LLP lifted its holdings in Oatly Group by 2,169.1% during 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 last quarter. Intrinsic Edge Capital Management LLC bought a new position in Oatly Group during the 4th quarter worth approximately $1,259,000. Finally, Jane Street Group LLC lifted its holdings in Oatly Group by 52.5% during the 4th quarter. Jane Street Group LLC now owns 218,465 shares of the company's stock worth $137,000 after buying an additional 75,209 shares during the last quarter. 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.