Oatly Group (NASDAQ:OTLY) Stock Rating Upgraded by Zacks Research

Key Points

• Oatly Group's stock rating has been upgraded by Zacks Research from a "strong sell" to a "hold," reflecting a potential change in investor outlook.
• Several brokerages, including Barclays and Wall Street Zen, have also upgraded or positively adjusted their ratings on Oatly Group, with Barclays raising the target price to $16.00.
• The company currently has an average stock rating of "Hold," with a consensus price target of $17.25, while institutional investors hold 68.15% of the company’s stock.

Oatly Group (NASDAQ:OTLY - Get Free Report) was upgraded by equities research analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a report issued on Monday,Zacks.com reports.

A number of other brokerages have also weighed in on OTLY. Wall Street Zen raised shares of Oatly Group from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. Barclays increased their target price on Oatly Group from $14.00 to $16.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Oatly Group in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. assumed coverage on Oatly Group in a report on Wednesday, August 20th. They issued a "neutral" rating on the stock. Four equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Oatly Group presently has an average rating of "Hold" and a consensus price target of $17.25.

Oatly Group Stock Performance

NASDAQ:OTLY opened at $15.66 on Monday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.37 and a current ratio of 0.49. The stock has a market capitalization of $474.62 million, a PE ratio of -2.38 and a beta of 1.95. Oatly Group has a fifty-two week low of $6.00 and a fifty-two week high of $19.13. The company has a fifty day moving average of $16.55 and a two-hundred day moving average of $13.50.

Institutional Trading of Oatly Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Cubist Systematic Strategies LLC acquired a new position in Oatly Group in the first quarter valued at approximately $133,000. GAMMA Investing LLC raised its position in Oatly Group by 85.1% in 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. Geode Capital Management LLC acquired a new position in shares of Oatly Group in the 2nd quarter valued at $151,000. Quadrature Capital Ltd acquired a new stake in shares of Oatly Group during the 2nd quarter worth about $120,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Oatly Group by 9.5% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,130 shares of the company's stock valued at $215,000 after buying an additional 1,568 shares during the last quarter. Institutional investors and hedge funds 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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