Mizuho upgraded shares of Oatly Group (NASDAQ:OTLY – Get Rating) from a neutral rating to a buy rating in a report released on Wednesday morning, The Fly reports. They currently have $6.00 target price on the stock, up from their previous target price of $2.50.

A number of other research firms also recently weighed in on OTLY. Credit Suisse Group dropped their target price on Oatly Group from $3.43 to $3.30 and set a neutral rating for the company in a research report on Tuesday, November 15th. Royal Bank of Canada dropped their target price on Oatly Group from $8.00 to $7.00 in a research report on Wednesday, November 16th. Piper Sandler boosted their target price on Oatly Group from $3.00 to $4.00 and gave the stock an overweight rating in a research report on Tuesday, January 10th. Cowen dropped their target price on Oatly Group from $5.00 to $3.00 in a research report on Monday, November 21st. Finally, Cowen dropped their target price on Oatly Group from $5.00 to $3.00 in a research report on Monday, November 21st. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus price target of 6.94.

Oatly Group Trading Down 4.1 %

Shares of OTLY opened at 2.58 on Wednesday. The stock has a fifty day moving average price of 1.83 and a two-hundred day moving average price of 2.65. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.18 and a current ratio of 1.56. Oatly Group has a 52-week low of 1.28 and a 52-week high of 7.98. The company has a market cap of $1.53 billion, a price-to-earnings ratio of -4.45 and a beta of 0.31.

Institutional Investors Weigh In On Oatly Group

Institutional investors have recently made changes to their positions in the stock. Montag A & Associates Inc. grew its stake in shares of Oatly Group by 3,034.7% during the second quarter. Montag A & Associates Inc. now owns 9,404 shares of the company's stock worth $33,000 after purchasing an additional 9,104 shares during the period. Integrated Wealth Concepts LLC acquired a new position in Oatly Group in the first quarter valued at about $55,000. Cambridge Investment Research Advisors Inc. acquired a new position in Oatly Group in the first quarter valued at about $55,000. OLD Mission Capital LLC acquired a new position in Oatly Group in the second quarter valued at about $41,000. Finally, Kistler Tiffany Companies LLC grew its stake in Oatly Group by 257.6% in the second quarter. Kistler Tiffany Companies LLC now owns 13,081 shares of the company's stock valued at $45,000 after acquiring an additional 9,423 shares during the period. 20.51% of the stock is owned by institutional investors and hedge funds.

About Oatly Group

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Oatly Group AB, an oatmilk company, provides a range of plant-based dairy products made from oats in Sweden. It offers Barista edition oatmilk, oatgurts, frozen desserts, ice-creams, and yogurts; ready-to-go drinks, such as cold brew latte, mocha latte, matcha latte, and mini oat drink in original and chocolate flavors; and cooking products, including Cooking Cream, in regular and organic, Crème Fraiche, Whipping Cream, Vanilla Custard and Spreads in a variety of flavors.

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