Oatly Group AB (NASDAQ:OTLY – Get Rating) has been assigned an average recommendation of "Moderate Buy" from the eleven brokerages that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $6.94.
A number of brokerages recently weighed in on OTLY. Piper Sandler boosted their price target on shares of Oatly Group from $3.00 to $4.00 and gave the stock an "overweight" rating in a report on Tuesday, January 10th. Mizuho raised shares of Oatly Group from a "neutral" rating to a "buy" rating and upped their price objective for the company from $2.50 to $6.00 in a report on Wednesday, January 18th. Cowen dropped their price objective on shares of Oatly Group from $5.00 to $3.00 in a report on Monday, November 21st. Cowen dropped their price objective on shares of Oatly Group from $5.00 to $3.00 in a report on Monday, November 21st. Finally, Credit Suisse Group dropped their price objective on shares of Oatly Group from $3.43 to $3.30 and set a "neutral" rating on the stock in a report on Tuesday, November 15th.
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Oatly Group Stock Performance
NASDAQ OTLY opened at $2.63 on Friday. Oatly Group has a 1 year low of $1.28 and a 1 year high of $7.98. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.56 and a quick ratio of 1.18. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of -4.53 and a beta of 0.78. The company has a fifty day moving average price of $1.97 and a 200-day moving average price of $2.54.
Oatly Group (NASDAQ:OTLY – Get Rating) last issued its quarterly earnings results on Monday, November 14th. The company reported ($0.18) earnings per share for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.07). The company had revenue of $183.03 million during the quarter, compared to analysts' expectations of $209.10 million. Oatly Group had a negative return on equity of 32.36% and a negative net
margin of 48.68%. During the same period last year, the firm posted ($0.07) earnings per share. As a group, equities research analysts predict that Oatly Group will post -0.58 EPS for the current fiscal year.
Institutional Investors Weigh In On Oatly Group
A number of institutional investors and hedge funds have recently modified their holdings of OTLY. Baillie Gifford & Co. lifted its holdings in shares of Oatly Group by 56.5% in the second quarter. Baillie Gifford & Co. now owns 37,811,549 shares of the company's stock worth $130,828,000 after buying an additional 13,645,597 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Oatly Group by 1,099.9% in the first quarter. Goldman Sachs Group Inc. now owns 3,419,290 shares of the company's stock worth $17,130,000 after purchasing an additional 3,134,320 shares during the last quarter. UBS Group AG increased its position in shares of Oatly Group by 449.6% in the third quarter. UBS Group AG now owns 2,148,323 shares of the company's stock worth $5,650,000 after purchasing an additional 1,757,445 shares during the last quarter. Renaissance Technologies LLC bought a new position in shares of Oatly Group in the first quarter worth approximately $8,263,000. Finally, Massachusetts Financial Services Co. MA increased its position in shares of Oatly Group by 23.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 7,870,819 shares of the company's stock worth $27,233,000 after purchasing an additional 1,470,682 shares during the last quarter. 20.51% of the stock is owned by hedge funds and other institutional investors.
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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