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

Key Points

• Oatly Group's stock continues to face challenges, with Weiss Ratings reiterating a "sell (D-)" rating, while Zacks Research upgraded its rating from "strong sell" to "hold."
• The stock has a consensus target price of $17.25 with four analysts rating it as a Buy, two as Hold, and one as Sell, indicating some mixed sentiment among analysts.
• Oatly's market capitalization is approximately $474.05 million, with shares recently priced at $15.64, reflecting a 52-week range between $6.00 and $19.13.

Oatly Group (NASDAQ:OTLY - Get Free Report)'s stock had its "sell (d-)" rating reissued by research analysts at Weiss Ratings in a report issued on Saturday,Weiss Ratings reports.

Other research analysts have also recently issued reports about the company. Zacks Research upgraded Oatly Group from a "strong sell" rating to a "hold" rating in a research note on Monday, October 20th. 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 upgraded Oatly Group from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. Finally, Barclays upped their price target on Oatly Group from $14.00 to $16.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Four research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $17.25.

Oatly Group Stock Up 4.3%

NASDAQ:OTLY opened at $15.64 on Friday. 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 stock's fifty day moving average is $16.42 and its two-hundred day moving average is $13.63. Oatly Group has a 52 week low of $6.00 and a 52 week high of $19.13. The stock has a market capitalization of $474.05 million, a price-to-earnings ratio of -2.38 and a beta of 1.95.

Institutional Trading of Oatly Group

Several hedge funds have recently modified their holdings of OTLY. Cubist Systematic Strategies LLC acquired a new stake in shares of Oatly Group in the first quarter valued at $133,000. Geode Capital Management LLC acquired a new stake in shares of Oatly Group in the second quarter valued at $151,000. Quadrature Capital Ltd purchased a new position in Oatly Group in the second quarter valued at $120,000. GAMMA Investing LLC increased its holdings in Oatly Group by 62.2% in the third quarter. GAMMA Investing LLC now owns 5,194 shares of the company's stock valued at $84,000 after buying an additional 1,991 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings 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. 68.15% of the stock is currently owned by institutional investors and hedge funds.

Oatly Group Company Profile

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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