Oatly Group (NASDAQ:OTLY) PT Lowered to $2.50 at Mizuho

Oatly Group (NASDAQ:OTLYGet Rating) had its price target reduced by Mizuho from $3.50 to $2.50 in a report issued on Wednesday morning, The Fly reports. Mizuho currently has a neutral rating on the stock.

A number of other brokerages also recently commented on OTLY. Royal Bank of Canada cut their price objective on Oatly Group from $14.00 to $9.00 and set an outperform rating for the company in a research report on Wednesday, August 3rd. Piper Sandler cut their target price on shares of Oatly Group from $8.00 to $6.00 and set an overweight rating on the stock in a research note on Wednesday, August 3rd. Barclays cut their target price on shares of Oatly Group from $6.00 to $5.00 in a research note on Wednesday, August 3rd. Finally, Credit Suisse Group cut their target price on shares of Oatly Group from $3.43 to $3.30 and set a neutral rating on the stock in a research note on Tuesday, November 15th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Oatly Group presently has an average rating of Hold and an average target price of 8.93.

Oatly Group Price Performance

OTLY stock opened at 1.95 on Wednesday. Oatly Group has a 12-month low of 1.78 and a 12-month high of 10.76. The firm has a 50 day moving average of 2.40 and a 200-day moving average of 3.24. The company has a market cap of $1.15 billion, a price-to-earnings ratio of -3.36 and a beta of 0.69. The company has a current ratio of 1.56, a quick ratio of 1.57 and a debt-to-equity ratio of 0.14.

Hedge Funds Weigh In On Oatly Group

A number of hedge funds have recently modified their holdings of OTLY. Montag A & Associates Inc. increased its stake in shares of Oatly Group by 3,034.7% in the second quarter. Montag A & Associates Inc. now owns 9,404 shares of the company’s stock worth $33,000 after acquiring an additional 9,104 shares during the last quarter. OLD Mission Capital LLC acquired a new position in Oatly Group during the second quarter worth $41,000. Kistler Tiffany Companies LLC increased its position in Oatly Group by 257.6% during the second quarter. Kistler Tiffany Companies LLC now owns 13,081 shares of the company’s stock worth $45,000 after buying an additional 9,423 shares during the last quarter. M&T Bank Corp acquired a new position in Oatly Group during the second quarter worth $52,000. Finally, HighTower Trust Company N.A. acquired a new position in Oatly Group during the third quarter worth $53,000. 22.65% of the stock is owned by institutional investors and hedge funds.

About Oatly Group

(Get Rating)

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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