Oatly Group (NASDAQ:OTLY) Trading 0.6% Higher - What's Next?

Oatly Group AB (NASDAQ:OTLY - Get Free Report)'s stock price was up 0.6% during trading on Friday . The stock traded as high as $8.90 and last traded at $8.62. Approximately 117,060 shares changed hands during trading, a decline of 17% from the average daily volume of 140,774 shares. The stock had previously closed at $8.57.

Wall Street Analyst Weigh In

Several research firms recently weighed in on OTLY. Barclays raised their price objective on Oatly Group from $1.00 to $10.00 and gave the company an "overweight" rating in a research note on Tuesday, February 25th. Mizuho decreased their price objective on shares of Oatly Group from $40.00 to $32.00 and set an "outperform" rating on the stock in a research report on Monday, March 24th. Finally, Piper Sandler dropped their target price on shares of Oatly Group from $40.00 to $16.00 and set an "overweight" rating for the company in a report on Wednesday, March 5th. One 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, the stock currently has an average rating of "Moderate Buy" and an average price target of $19.75.

Oatly Group Stock Up 3.5 %

The firm's 50 day moving average is $9.08 and its two-hundred day moving average is $12.26. The company has a current ratio of 0.56, a quick ratio of 0.44 and a debt-to-equity ratio of 1.39. The stock has a market cap of $268.75 million, a price-to-earnings ratio of -1.32 and a beta of 1.89.

Institutional Trading of Oatly Group

A number of hedge funds have recently added to or reduced their stakes in OTLY. Jane Street Group LLC grew its stake in shares of Oatly Group by 134.8% during the 3rd quarter. Jane Street Group LLC now owns 143,256 shares of the company's stock valued at $128,000 after buying an additional 82,242 shares during the period. Green Alpha Advisors LLC lifted its stake in shares of Oatly Group by 5.9% in the 4th quarter. Green Alpha Advisors LLC now owns 686,776 shares of the company's stock valued at $455,000 after purchasing an additional 38,363 shares in the last quarter. Sanctuary Advisors LLC grew its holdings in shares of Oatly Group by 33.9% during the 3rd quarter. Sanctuary Advisors LLC now owns 55,778 shares of the company's stock worth $48,000 after purchasing an additional 14,116 shares during the period. Raiffeisen Bank International AG purchased a new position in Oatly Group in the fourth quarter valued at approximately $1,522,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in 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 worth $128,000 after buying an additional 75,132 shares during the period. 68.15% of the stock is owned by institutional investors and hedge funds.

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.