Oatly Group's (OTLY) Sell (D-) Rating Reiterated at Weiss Ratings

Key Points

• Oatly Group's stock has been reissued a "sell (D-)" rating by Weiss Ratings, indicating a negative outlook for investors.
• Despite the downgrade, some analysts have provided more positive ratings, with Barclays upgrading its price target from $14.00 to $16.00 and giving an "overweight" rating.
• Oatly Group's stock has experienced significant interest from institutional investors, with approximately 68.15% of the shares owned by hedge funds and other institutions.

Oatly Group (NASDAQ:OTLY - Get Free Report)'s stock had its "sell (d-)" rating restated by Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

A number of other research analysts have also recently issued reports on OTLY. JPMorgan Chase & Co. assumed coverage on Oatly Group in a research note on Wednesday, August 20th. They set a "neutral" rating on the stock. Wall Street Zen raised Oatly Group from a "sell" rating to a "hold" rating in a research report on Saturday, July 12th. Finally, Barclays boosted their price objective on shares of Oatly Group from $14.00 to $16.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $17.25.

Oatly Group Trading Down 1.7%

NASDAQ OTLY opened at $14.50 on Wednesday. The stock's 50-day simple moving average is $16.95 and its two-hundred day simple moving average is $13.20. Oatly Group has a twelve month low of $6.00 and a twelve month high of $19.13. 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 capitalization of $439.50 million, a price-to-earnings ratio of -2.21 and a beta of 1.95.

Hedge Funds Weigh In On Oatly Group

Several institutional investors have recently bought and sold shares of OTLY. GAMMA Investing LLC increased 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 buying an additional 1,473 shares during the period. Two Sigma Investments LP lifted its holdings in shares of Oatly Group by 279.6% during the 4th 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 last quarter. Quadrature Capital Ltd purchased a new stake in shares of Oatly Group during the 2nd quarter valued at $120,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Oatly Group during the 1st quarter valued at $133,000. Finally, Geode Capital Management LLC purchased a new stake in shares of Oatly Group during the 2nd quarter valued at $151,000. 68.15% of the stock is owned by hedge funds and other institutional investors.

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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