Oatly Group AB Sponsored ADR (NASDAQ:OTLY) Receives Average Recommendation of “Hold” from Brokerages

Oatly Group AB Sponsored ADR (NASDAQ:OTLY) has been assigned a consensus recommendation of “Hold” from the six brokerages that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $14.6375.

A number of research firms have issued reports on OTLY. Barclays set a $14.00 price target on Oatly Group and gave the company an “overweight” rating in a research report on Tuesday, April 14th. Morgan Stanley set a $12.55 price target on Oatly Group in a research report on Thursday, April 30th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Oatly Group in a research report on Friday, March 27th.

Insider Activity

In other news, insider Martin Fredrik Lind sold 2,968 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $8.96, for a total value of $26,593.28. Following the completion of the sale, the insider owned 18,088 shares of the company’s stock, valued at $162,068.48. This represents a 14.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Simon Kenneth James Broadbent sold 7,820 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $8.95, for a total value of $69,989.00. Following the completion of the sale, the senior vice president directly owned 62,845 shares of the company’s stock, valued at $562,462.75. The trade was a 11.07% 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 valued at $113,872 in the last ninety days. Company insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Oatly Group

Several institutional investors and hedge funds have recently modified their holdings of OTLY. Performa Ltd US LLC boosted its position in shares of Oatly Group by 16.8% in the fourth quarter. Performa Ltd US LLC now owns 10,100 shares of the company’s stock worth $108,000 after buying an additional 1,450 shares during the period. Cubist Systematic Strategies LLC acquired a new position in shares of Oatly Group in the first quarter worth about $133,000. Geode Capital Management LLC acquired a new position in shares of Oatly Group in the second quarter worth about $151,000. R Squared Ltd acquired a new position in shares of Oatly Group in the fourth quarter worth about $155,000. Finally, Van ECK Associates Corp lifted its stake in shares of Oatly Group by 19.0% in the third quarter. Van ECK Associates Corp now owns 11,001 shares of the company’s stock worth $178,000 after acquiring an additional 1,756 shares in the last quarter. Hedge funds and other institutional investors own 68.15% of the company’s stock.

Oatly Group Price Performance

Shares of NASDAQ:OTLY opened at $8.26 on Tuesday. The company has a market cap of $257.96 million, a P/E ratio of -1.65 and a beta of 1.85. The company has a quick ratio of 0.32, a current ratio of 0.45 and a debt-to-equity ratio of 43.43. Oatly Group has a 52 week low of $8.01 and a 52 week high of $18.84. The business has a fifty day simple moving average of $10.40 and a 200-day simple moving average of $10.90.

Oatly Group (NASDAQ:OTLY) last posted its quarterly earnings results on Thursday, April 30th. The company reported ($0.38) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.90) by $0.52. Oatly Group had a negative return on equity of 432.75% and a negative net margin of 17.06%.The firm had revenue of $228.33 million during the quarter, compared to the consensus estimate of $214.61 million. Equities research analysts forecast that Oatly Group will post -2.77 EPS for the current year.

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.