Oatly Group (NASDAQ:OTLY) Stock Price Down 0.4% – Here’s What Happened

Oatly Group AB Sponsored ADR (NASDAQ:OTLY)’s share price was down 0.4% during mid-day trading on Friday . The stock traded as low as $8.10 and last traded at $8.18. Approximately 66,708 shares changed hands during trading, a decline of 47% from the average daily volume of 125,750 shares. The stock had previously closed at $8.21.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on OTLY shares. Barclays set a $14.00 price target on shares of Oatly Group and gave the stock an “overweight” rating in a research note on Tuesday, April 14th. Morgan Stanley set a $12.55 price target on shares of Oatly Group in a research note on Thursday, April 30th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Oatly Group in a research note on Friday, March 27th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $14.64.

Oatly Group Price Performance

The company’s 50-day moving average is $10.62 and its 200-day moving average is $11.03. The company has a debt-to-equity ratio of 43.43, a current ratio of 0.45 and a quick ratio of 0.32. The firm has a market capitalization of $255.46 million, a price-to-earnings ratio of -1.64 and a beta of 1.85.

Oatly Group (NASDAQ:OTLY) last released its earnings results on Thursday, April 30th. The company reported ($0.38) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.90) by $0.52. Oatly Group had a negative net margin of 17.06% and a negative return on equity of 432.75%. The business had revenue of $228.33 million for the quarter, compared to analysts’ expectations of $214.61 million. On average, research analysts expect that Oatly Group AB Sponsored ADR will post -2.77 earnings per share for the current year.

Insider Activity at Oatly Group

In related news, SVP Simon Kenneth James Broadbent sold 7,820 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $8.95, for a total value of $69,989.00. Following the transaction, the senior vice president owned 62,845 shares in the company, valued at approximately $562,462.75. This trade represents a 11.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Martin Fredrik Lind sold 2,968 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $8.96, for a total transaction of $26,593.28. Following the completion of the transaction, the insider owned 18,088 shares in the company, valued at $162,068.48. The trade was a 14.10% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 12,722 shares of company stock worth $113,872 over the last three months. Corporate insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Renaissance Technologies LLC raised its holdings in Oatly Group by 74.5% in the first quarter. Renaissance Technologies LLC now owns 51,513 shares of the company’s stock valued at $522,000 after buying an additional 22,000 shares during the period. R Squared Ltd raised its holdings in Oatly Group by 77.1% in the first quarter. R Squared Ltd now owns 25,609 shares of the company’s stock valued at $260,000 after buying an additional 11,145 shares during the period. Millennium Management LLC purchased a new position in Oatly Group in the fourth quarter valued at approximately $252,000. Performa Ltd US LLC raised its holdings in Oatly Group by 16.8% in the fourth quarter. Performa Ltd US LLC now owns 10,100 shares of the company’s stock valued at $108,000 after buying an additional 1,450 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in Oatly Group by 80.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 27,481 shares of the company’s stock valued at $294,000 after buying an additional 12,249 shares during the period. Hedge funds and other institutional investors own 68.15% of the company’s stock.

Oatly Group Company Profile

Oatly Group is a Sweden-based food and beverage company specializing in the development, production and sale of oat-derived dairy alternatives. The company’s product lineup includes oat-based drinks, ice cream, yogurts, spreads and cooking creams, all marketed under the Oatly brand name. By leveraging proprietary processing technology, Oatly extracts the nutritional benefits of oats—such as soluble fiber and plant protein—while delivering taste and texture profiles that closely mimic traditional dairy products.

Founded in 1994 as a spin-off from research at Lund University, Oatly initially focused on exploiting the health and functional benefits of oat beta-glucans.