Oatly Group (NASDAQ:OTLY) Stock Price Up 4.4%

Shares of Oatly Group AB (NASDAQ:OTLY) rose 4.4% during trading on Friday . The stock traded as high as $0.97 and last traded at $0.97. Approximately 649,252 shares were traded during trading, a decline of 65% from the average daily volume of 1,858,996 shares. The stock had previously closed at $0.93.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on OTLY shares. DA Davidson started coverage on shares of Oatly Group in a report on Friday, March 1st. They set a “buy” rating and a $1.50 price target on the stock. Royal Bank of Canada boosted their price target 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. Finally, Morgan Stanley restated an “equal weight” rating and set a $1.25 price target on shares of Oatly Group in a report on Tuesday, February 20th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $2.11.

Oatly Group Trading Up 2.4 %

The stock has a market cap of $565.01 million, a price-to-earnings ratio of -1.12 and a beta of 2.29. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.71 and a current ratio of 0.83. The company’s 50 day simple moving average is $1.08 and its two-hundred day simple moving average is $0.98.

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

Institutional Trading of Oatly Group

Several large investors have recently modified their holdings of the company. Quadrature Capital Ltd bought a new stake in Oatly Group in the 4th quarter valued at $44,000. Virtu Financial LLC boosted its holdings in Oatly Group by 171.7% in the 4th quarter. Virtu Financial LLC now owns 99,321 shares of the company’s stock valued at $117,000 after purchasing an additional 62,766 shares during the period. Pathstone Holdings LLC bought a new stake in Oatly Group in the 4th quarter valued at $569,000. CastleKnight Management LP raised its stake in shares of Oatly Group by 430.8% in the 4th quarter. CastleKnight Management LP now owns 1,527,700 shares of the company’s stock valued at $1,803,000 after buying an additional 1,239,874 shares in the last quarter. Finally, Tower Research Capital LLC TRC acquired a new position in shares of Oatly Group in the 4th quarter valued at $32,000. 68.15% of the stock is owned by institutional investors.

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.