Oatly Group Target of Unusually High Options Trading (NASDAQ:OTLY)

Oatly Group AB (NASDAQ:OTLY – Get Rating) was the recipient of unusually large options trading on Tuesday. Traders bought 5,965 call options on the company. This represents an increase of approximately 206% compared to the typical daily volume of 1,950 call options.

Hedge Funds Weigh In On Oatly Group

Several institutional investors have recently bought and sold shares of the company. Montag A & Associates Inc. raised its holdings in Oatly Group by 3,034.7% during the 2nd quarter. Montag A & Associates Inc. now owns 9,404 shares of the company’s stock valued at $33,000 after acquiring an additional 9,104 shares during the period. OLD Mission Capital LLC bought a new position in shares of Oatly Group in the second quarter worth $41,000. Kistler Tiffany Companies LLC increased its holdings in shares of Oatly Group by 257.6% in the second quarter. Kistler Tiffany Companies LLC now owns 13,081 shares of the company’s stock worth $45,000 after purchasing an additional 9,423 shares during the period. M&T Bank Corp bought a new position in Oatly Group in the second quarter valued at $52,000. Finally, HighTower Trust Company N.A. bought a new position in Oatly Group in the third quarter valued at $53,000. Hedge funds and other institutional investors own 20.51% of the company’s stock.

Oatly Group Price Performance

Oatly Group stock opened at 2.70 on Wednesday. Oatly Group has a 12 month low of 1.28 and a 12 month high of 8.31. The company has a current ratio of 1.56, a quick ratio of 1.18 and a debt-to-equity ratio of 0.14. The business’s 50 day simple moving average is 1.76 and its 200 day simple moving average is 2.69. The company has a market cap of $1.60 billion, a price-to-earnings ratio of -4.66 and a beta of 0.31.

Oatly Group (NASDAQ:OTLY – Get Rating) last posted its quarterly earnings data on Monday, November 14th. The company reported -0.18 EPS for the quarter, missing the consensus estimate of -0.11 by -0.07. Oatly Group had a negative net margin of 48.68% and a negative return on equity of 32.36%. The firm had revenue of 183.03 million during the quarter, compared to analysts’ expectations of 209.10 million. During the same quarter in the previous year, the company posted ($0.07) EPS. Sell-side analysts forecast that Oatly Group will post -0.56 EPS for the current year.

Analyst Ratings Changes

Several research analysts have commented on the company. Credit Suisse Group cut their target price on Oatly Group from $3.43 to $3.30 and set a “neutral” rating on the stock in a report on Tuesday, November 15th. Mizuho lowered their price objective on Oatly Group from $3.50 to $2.50 and set a “neutral” rating for the company in a research report on Wednesday, November 16th. Royal Bank of Canada decreased their target price on Oatly Group from $8.00 to $7.00 in a research report on Wednesday, November 16th. Cowen decreased their target price on Oatly Group from $5.00 to $3.00 in a research report on Monday, November 21st. Finally, Cowen decreased their target price on Oatly Group from $5.00 to $3.00 in a research report on Monday, November 21st. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of 6.62.

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.