Oatly Group AB (NASDAQ:OTLY) Receives $16.80 Average PT from Analysts

Oatly Group AB (NASDAQ:OTLY) has received an average rating of “Moderate Buy” from the six ratings firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $16.80.

Several equities analysts recently issued reports on the stock. Mizuho set a $24.00 price target on shares of Oatly Group in a research report on Monday, April 28th. DA Davidson lifted their price target on shares of Oatly Group from $15.00 to $17.00 and gave the company a “buy” rating in a report on Monday. Barclays restated an “overweight” rating on shares of Oatly Group in a research report on Thursday, May 1st. Finally, Piper Sandler dropped their target price on shares of Oatly Group from $16.00 to $12.00 and set an “overweight” rating for the company in a report on Thursday, May 1st.

Oatly Group Stock Performance

Oatly Group stock opened at $10.76 on Monday. The firm has a fifty day simple moving average of $9.40 and a two-hundred day simple moving average of $11.83. The company has a quick ratio of 0.44, a current ratio of 0.56 and a debt-to-equity ratio of 1.39. Oatly Group has a twelve month low of $6.00 and a twelve month high of $26.80. The company has a market capitalization of $322.14 million, a PE ratio of -1.58 and a beta of 1.88.

Oatly Group (NASDAQ:OTLY) last posted its earnings results on Wednesday, April 30th. The company reported ($0.51) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.96) by $0.45. The company had revenue of $197.53 million during the quarter, compared to analyst estimates of $199.97 million. Oatly Group had a negative net margin of 24.52% and a negative return on equity of 70.33%. Research analysts expect that Oatly Group will post -3.2 EPS for the current year.

Hedge Funds Weigh In On Oatly Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Portolan Capital Management LLC boosted its position in shares of Oatly Group by 66.8% during the fourth quarter. Portolan Capital Management LLC now owns 7,915,716 shares of the company’s stock valued at $5,247,000 after buying an additional 3,169,805 shares during the period. Raiffeisen Bank International AG acquired a new stake in Oatly Group during the fourth quarter valued at $1,522,000. Intrinsic Edge Capital Management LLC purchased a new position in Oatly Group in the 4th quarter valued at about $1,259,000. Marshall Wace LLP grew its position 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. Finally, Green Alpha Advisors LLC grew its holdings in shares of Oatly Group by 5.9% during the 4th quarter. Green Alpha Advisors LLC now owns 686,776 shares of the company’s stock worth $455,000 after purchasing an additional 38,363 shares during the period. Institutional investors own 68.15% of the company’s stock.

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.