Oatly Group (NASDAQ:OTLY) Stock Price Up 5.6% - Still a 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.

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

Analyst Upgrades and Downgrades

Several research analysts have weighed in on OTLY shares. Barclays upped their target price 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 lowered their target price 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. DA Davidson upped their target price 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. Wall Street Zen upgraded shares of Oatly Group from a "sell" rating to a "hold" rating in a research report on Saturday, July 12th. Finally, Mizuho set a $24.00 target price on shares of Oatly Group in a research report on Monday, April 28th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Oatly Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $17.25.

Oatly Group Stock Up 2.3%

The company has a market cap of $519.73 million, a PE ratio of -2.68 and a beta of 1.95. 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's fifty day simple moving average is $14.10 and its 200-day simple moving average is $11.27.

Institutional Trading of Oatly Group

Several institutional investors and hedge funds have recently modified their holdings of OTLY. Geode Capital Management LLC lifted its holdings in shares of 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 in the last quarter. Marshall Wace LLP lifted its holdings in shares of Oatly Group by 2,169.1% in the fourth quarter. Marshall Wace LLP now owns 1,433,468 shares of the company's stock valued at $946,000 after purchasing an additional 1,370,295 shares in the last quarter. Intrinsic Edge Capital Management LLC purchased a new stake in shares of Oatly Group in the fourth quarter valued at about $1,259,000. Jane Street Group LLC lifted its holdings in shares of Oatly Group by 52.5% in the fourth quarter. Jane Street Group LLC now owns 218,465 shares of the company's stock valued at $137,000 after purchasing an additional 75,209 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Oatly Group by 63.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 193,608 shares of the company's stock valued at $128,000 after buying an additional 75,132 shares during the period. 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.