Oatly Group (NASDAQ:OTLY) Shares Gap Up to $2.14

Oatly Group AB (NASDAQ:OTLYGet Rating) shares gapped up prior to trading on Tuesday . The stock had previously closed at 2.14, but opened at 2.30. Oatly Group shares last traded at 2.29, with a volume of 17,975 shares changing hands.

Analyst Ratings Changes

Several research firms have issued reports on OTLY. Credit Suisse Group dropped their price target on Oatly Group from $3.43 to $3.30 and set a “neutral” rating on the stock in a research note on Tuesday. Mizuho decreased their price objective on Oatly Group from $3.50 to $2.50 and set a “neutral” rating for the company in a report on Wednesday. Piper Sandler decreased their price objective on Oatly Group from $8.00 to $6.00 and set an “overweight” rating for the company in a report on Wednesday, August 3rd. Barclays decreased their price objective on Oatly Group from $6.00 to $5.00 in a report on Wednesday, August 3rd. Finally, Royal Bank of Canada decreased their price objective on Oatly Group from $8.00 to $7.00 in a report on Wednesday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of 8.93.

Oatly Group Price Performance

The company has a current ratio of 1.94, a quick ratio of 1.57 and a debt-to-equity ratio of 0.12. The business has a fifty day moving average of 2.48 and a 200 day moving average of 3.27.

Hedge Funds Weigh In On Oatly Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Montag A & Associates Inc. grew its holdings in 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 bought a new position in Oatly Group during the first quarter worth about $55,000. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Oatly Group during the first quarter worth approximately $55,000. OLD Mission Capital LLC bought a new stake in shares of Oatly Group during the second quarter worth approximately $41,000. Finally, Arthur M. Cohen & Associates LLC bought a new stake in shares of Oatly Group during the first quarter worth approximately $59,000. Institutional investors own 22.65% of the company’s stock.

Oatly Group Company Profile

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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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