Oatly Group (NASDAQ:OTLY) Stock Price Up 4.4%

Oatly Group AB (NASDAQ:OTLY)’s stock price rose 4.4% during trading on Friday . The company traded as high as $0.97 and last traded at $0.97. Approximately 649,252 shares changed hands during mid-day trading, a decline of 65% from the average daily volume of 1,858,996 shares. The stock had previously closed at $0.93.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on OTLY shares. DA Davidson started coverage on shares of Oatly Group in a report on Friday, March 1st. They issued a “buy” rating and a $1.50 target price for the company. Royal Bank of Canada increased their target price on shares of Oatly Group from $0.63 to $1.05 and gave the company a “sector perform” rating in a report on Friday, February 16th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $1.25 target price on shares of Oatly Group in a report on Tuesday, February 20th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Oatly Group has an average rating of “Hold” and a consensus price target of $2.11.

Oatly Group Stock Performance

The company has a current ratio of 0.83, a quick ratio of 0.71 and a debt-to-equity ratio of 0.56. The stock’s 50 day moving average price is $1.08 and its two-hundred day moving average price is $0.98. The firm has a market capitalization of $565.01 million, a PE ratio of -1.12 and a beta of 2.29.

Oatly Group (NASDAQ:OTLY) last released its earnings results on Thursday, February 15th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.08). The firm had revenue of $204.12 million during the quarter, compared to analysts’ expectations of $191.80 million. Oatly Group had a negative return on equity of 37.94% and a negative net margin of 53.22%. On average, equities analysts expect that Oatly Group AB will post -0.28 earnings per share for the current year.

Institutional Trading of Oatly Group

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Quadrature Capital Ltd purchased a new stake in Oatly Group in the 4th quarter worth approximately $44,000. Virtu Financial LLC grew its stake in Oatly Group by 171.7% in the 4th quarter. Virtu Financial LLC now owns 99,321 shares of the company’s stock worth $117,000 after acquiring an additional 62,766 shares during the period. Pathstone Holdings LLC purchased a new stake in Oatly Group in the 4th quarter worth approximately $569,000. CastleKnight Management LP grew its stake in Oatly Group by 430.8% in the 4th quarter. CastleKnight Management LP now owns 1,527,700 shares of the company’s stock worth $1,803,000 after acquiring an additional 1,239,874 shares during the period. Finally, Tower Research Capital LLC TRC purchased a new stake in Oatly Group in the 4th quarter worth approximately $32,000. 68.15% of the stock is owned by hedge funds and other institutional investors.

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.