Oatly Group (NASDAQ:OTLY) Trading Up 5.6% - Time to Buy?

Key Points

• Oatly Group's stock rose by 5.6% on Friday, closing at $18.04, despite a significant drop in trading volume.
• Wall Street analysts have a consensus rating of "Moderate Buy" with an average price target of $17.25, indicating optimistic growth potential for the company.
• Institutional investors own 68.15% of Oatly Group's stock, with several increasing their positions in the second quarter, highlighting strong institutional interest.

Shares of Oatly Group AB Sponsored ADR (NASDAQ:OTLY - Get Free Report) shot up 5.6% on Friday . The stock traded as high as $18.19 and last traded at $18.04. 46,281 shares were traded during mid-day trading, a decline of 74% from the average session volume of 175,349 shares. The stock had previously closed at $17.08.

Analysts Set New Price Targets

Several research firms have recently weighed in on OTLY. DA Davidson boosted their price target on 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 Oatly Group in a research note on Monday, April 28th. Wall Street Zen upgraded Oatly Group from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. JPMorgan Chase & Co. assumed coverage on Oatly Group in a report on Wednesday. They issued a "neutral" rating for the company. Finally, Barclays lifted their price objective on Oatly Group from $14.00 to $16.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $17.25.

Oatly Group Stock Up 3.5%

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 company has a market cap of $525.87 million, a P/E ratio of -2.67 and a beta of 1.95. The company has a fifty day moving average of $14.30 and a 200 day moving average of $11.36.

Institutional Trading of Oatly Group

Several hedge funds have recently bought and sold shares of OTLY. GAMMA Investing LLC grew its holdings in Oatly Group by 85.1% during the second quarter. GAMMA Investing LLC now owns 3,203 shares of the company's stock valued at $38,000 after purchasing an additional 1,473 shares during the period. Two Sigma Advisers LP bought a new stake in Oatly Group during the fourth quarter valued at about $41,000. Geode Capital Management LLC grew its holdings in Oatly Group by 463.2% during 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 period. Two Sigma Investments LP grew its holdings in Oatly Group by 279.6% during the fourth quarter. Two Sigma Investments LP now owns 144,348 shares of the company's stock valued at $96,000 after purchasing an additional 106,319 shares during the period. Finally, Quadrature Capital Ltd bought a new stake in Oatly Group during the second quarter valued at about $120,000. 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.