Oatly Group (NASDAQ:OTLY) Shares Gap Up to $0.90

Shares of Oatly Group AB (NASDAQ:OTLY) gapped up before the market opened on Wednesday . The stock had previously closed at $0.90, but opened at $0.95. Oatly Group shares last traded at $0.94, with a volume of 95,459 shares changing hands.

Analyst Ratings Changes

Several equities analysts recently commented on OTLY shares. Royal Bank of Canada increased their target price on shares of Oatly Group from $0.63 to $1.05 and gave the company a “sector perform” rating in a report on Friday, February 16th. Morgan Stanley reaffirmed an “equal weight” rating and set a $1.25 target price on shares of Oatly Group in a report on Tuesday, February 20th. Finally, DA Davidson initiated coverage on shares of Oatly Group in a report on Friday, March 1st. They set a “buy” rating and a $1.50 target price on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Oatly Group currently has an average rating of “Hold” and an average price target of $2.11.

Oatly Group Stock Performance

The business’s fifty day simple moving average is $1.08 and its 200-day simple moving average is $0.98. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.83 and a quick ratio of 0.71.

Oatly Group (NASDAQ:OTLY) last announced its earnings results on Thursday, February 15th. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.08). The company had revenue of $204.12 million for the quarter, compared to the consensus estimate of $191.80 million. Oatly Group had a negative net margin of 53.22% and a negative return on equity of 37.94%. Research analysts expect that Oatly Group AB will post -0.28 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Oatly Group

Large investors have recently modified their holdings of the stock. Integrated Wealth Concepts LLC bought a new stake in shares of Oatly Group during the 1st quarter valued at about $55,000. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Oatly Group during the 1st quarter valued at about $55,000. Toroso Investments LLC bought a new stake in shares of Oatly Group during the 1st quarter valued at about $27,000. Vanguard Personalized Indexing Management LLC purchased a new position in Oatly Group during the 2nd quarter valued at about $59,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in Oatly Group by 230.2% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 19,809 shares of the company’s stock valued at $35,000 after acquiring an additional 13,809 shares during the period. Institutional investors own 68.15% of the company’s stock.

Oatly Group Company Profile

Oatly Group AB, an oatmilk company, provides a range of plant-based dairy products made from oats in Europe, the Middle East, Africa, the Americas, and Asia. It offers Barista edition oatmilk, oatgurts, frozen desserts, ice-creams, and yogurts; cooking products, including cooking cream, in regular and organic, Crème Fraiche, whipping cream, vanilla custard, and spreads in a variety of flavors; and ready-to-go drinks.