Oatly Group (NASDAQ:OTLY) Price Target Cut to $3.00 by Analysts at Cowen

Oatly Group (NASDAQ:OTLYGet Rating) had its target price cut by Cowen from $5.00 to $3.00 in a research report report published on Monday morning, Stock Target Advisor reports.

Several other equities analysts have also recently issued reports on OTLY. Piper Sandler reduced their target price on 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 reduced their target price on Oatly Group from $6.00 to $5.00 in a research note on Wednesday, August 3rd. Cowen dropped their price target on Oatly Group from $5.00 to $3.00 in a research report on Monday. Royal Bank of Canada dropped their price target on Oatly Group from $8.00 to $7.00 in a research report on Wednesday, November 16th. Finally, Mizuho dropped their price target on Oatly Group from $3.50 to $2.50 and set a neutral rating on the stock in a research report on Wednesday, November 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus target price of 8.08.

Oatly Group Price Performance

OTLY opened at 1.83 on Monday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.56 and a quick ratio of 1.18. Oatly Group has a 52-week low of 1.78 and a 52-week high of 10.23. The stock’s 50 day moving average price is 2.40 and its 200-day moving average price is 3.24.

Institutional Investors Weigh In On Oatly Group

Several hedge funds have recently added to or reduced their stakes in OTLY. Baillie Gifford & Co. lifted its holdings in shares of Oatly Group by 56.5% during the second quarter. Baillie Gifford & Co. now owns 37,811,549 shares of the company’s stock valued at $130,828,000 after purchasing an additional 13,645,597 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Oatly Group by 1,099.9% during the first quarter. Goldman Sachs Group Inc. now owns 3,419,290 shares of the company’s stock valued at $17,130,000 after purchasing an additional 3,134,320 shares in the last quarter. UBS Group AG lifted its holdings in shares of Oatly Group by 449.6% during the third quarter. UBS Group AG now owns 2,148,323 shares of the company’s stock valued at $5,650,000 after purchasing an additional 1,757,445 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of Oatly Group during the first quarter valued at $8,263,000. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of Oatly Group by 23.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 7,870,819 shares of the company’s stock valued at $27,233,000 after purchasing an additional 1,470,682 shares in the last quarter. 22.65% of the stock is owned by 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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Analyst Recommendations for Oatly Group (NASDAQ:OTLY)

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